According to Dr

question 73

Multiple Choice

According to Dr.W.Edwards Deming, rather than focusing on obtaining the lowest prices for supplies, firms should focus on

• A)the quantity of inputs.
• B)the quality of inputs.
• C)both of these.
• D)none of these.

---

Definitions:

Producers

Individuals or businesses engaged in the creation of goods or services, aiming to sell them for a profit.

Tax Per Unit

A fixed amount of tax imposed on a product or service, regardless of its price.

Excise Tax

A tax applied to specific goods, services, or transactions, usually with the intent of discouraging their use or generating revenue.

Tax Per Unit

A specific tax levied on a product based on the number of units purchased, not the value of the purchase.