Which of the Following Does the Philosophy Underlying TQM Include

question 59

Multiple Choice

Which of the following does the philosophy underlying TQM include?

• A) Greater quantity results in cost decreases.
• B) Better quality leads to higher market share.
• C) Greater quantity increases a company's profitability.
• D) Opinions of employees are irrelevant in manufacturing products.
• E) Work standards should only be defined as numbers or quotas.

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Definitions:

Marketing Costs

refer to expenses associated with promoting and selling a product or service, including advertising, salesforce expenses, and promotional materials.

Fad Product

A product that becomes extremely popular in a short period of time and then quickly falls out of favor.

Product Life Cycle

A concept that describes the stages a product goes through from introduction to growth, maturity, and decline in the market.

Low-Learning

Pertains to products or services that require minimal effort or understanding for consumers to use effectively.