Which One of the Following Is a Consequence of Organizational

question 55

Multiple Choice

Which one of the following is a consequence of organizational activities that contribute to product quality?

• A)lower market share
• B)lower warranty costs
• C)greater rework and scrap costs
• D)greater liability costs
• E)higher manufacturing costs

Perform basic calculations for unit cost and budget allocations.

Analyze different types of expenses and understand their impact on budgeting.

Understand how to plan for and analyse future spending and savings through budgeting tools like cash flow analysis.

Recognize the use and benefits of spreadsheets and electronic tools in managing finances.

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Definitions:

Enter Market

The act of beginning to offer goods or services in a particular marketplace.

Exit Market

The act of leaving a market or discontinuing the production and sale of a product or service, often due to unprofitability or strategic realignment.

Profits Eliminated

A situation where competition or other factors reduce a firm's profits to zero over time.

Monopolistically Competitive

A market structure where many producers sell products that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes.