The Principles of Customer Focus,leadership,engagement,process Approach,improvement,evidence-Based Decision Making,and Relationship Management

question 19

Multiple Choice

The principles of customer focus,leadership,engagement,process approach,improvement,evidence-based decision making,and relationship management support the _____.

• A) Gap model
• B) Deming philosophy
• C) Crosby's Absolutes of Quality Management
• D) ISO

---

Definitions:

Price Floors

Minimum price levels set by the government for certain goods and services, below which they cannot be sold.

Price Ceilings

A government-imposed limit on how high a price can be charged for a product or service.

Quantity Traded

The total number of units of goods or services exchanged in a market during a given period.

Shortages

Conditions where the demand for a good or service exceeds the available supply, often leading to increased prices.