Which of the Following Is Not One of Deming's 14

question 82

Multiple Choice

Which of the following is not one of Deming's 14 points?

• A) Create constancy of purpose for improvement of product or service
• B) Award business on the basis of price tag alone
• C) Break down barriers between staff areas
• D) Drive out fear

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Definitions:

Monopoly Firms

Companies that are the sole provider of a product or service in a market, leading to a lack of competition.

Marginal Cost

The expense associated with manufacturing an extra unit of a product or service.

Monopolistic Competition

refers to a market structure where many firms sell products that are similar but not identical, each having some control over its price.

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.