Examlex
Based on his 14 Points,Deming is a strong proponent of:
Market Incentives
Economic or financial incentives that influence the behavior of producers and consumers in a market, often leading to more efficient resource allocation.
Coupons
Vouchers or codes that offer a discount on goods or services when they are purchased or redeemed.
Isoelastic Demand Curve
Demand curve with a constant price elasticity.
Price Elasticity
The measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to understand the sensitivity of consumers to price changes.
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