What Are the Two Dimensions That Define the Quality of a Product

question 42

Multiple Choice

What are the two dimensions that define the quality of a product or service?

• A) consumer choice quality and process quality
• B) market-perceived quality and performance quality
• C) product quality and market quality
• D) actual quality and assumed quality
• E) absolute quality and relative quality

---

Definitions:

Operating Agreement

A legal document outlining the governance and operational guidelines of an LLC, including the rights and responsibilities of its members.

Voting Rights

The entitlements of shareholders or members of an organization to vote on matters affecting the governance of that entity.

Common Stock

The most usual type of corporate stock. It carries with it all the risks of the business and does not guarantee its holder the right to profits.