Examlex
Which of the following is a component of the process dimension of quality improvement?
Markup
Markup refers to the difference between the cost of a good or service and its selling price, expressed as a percentage of the cost.
Selling Price
The amount of money for which a product or service is sold to customers.
Skimming Pricing Strategy
A pricing strategy where a product is initially sold at a high price, which is gradually lowered to attract more price-sensitive customers.
Home Electronics
Electronic devices intended for everyday use in private homes, such as televisions, refrigerators, and microwaves.
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