All of the Following Are Reasons for a Greater Focus

question 12

Multiple Choice

All of the following are reasons for a greater focus on quality by firms except

• A) competition from foreign firms.
• B) customers that are more demanding.
• C) unpredictability on Wall Street.
• D) poorer financial performance.
• E) reduced market share.

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Definitions:

Secondary Obligation

A duty or liability that is dependent on the occurrence or non-occurrence of certain conditions or the failure to perform a primary obligation.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise if the other party has significantly relied on that promise to their detriment, even if there is no formal contract.

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Profit Sharing

A corporate incentive plan where employees receive a portion of the company's profits, linking compensation to the company's financial performance.