The Fact That the Major Indicator of Enterprise Success in the Soviet

question 14

Multiple Choice

The fact that the major indicator of enterprise success in the Soviet Union and pre-reform China was the quantity of output implied that

• A) product quality was neglected.
• B) production costs were minimized.
• C) product mix met consumer needs.
• D) technological advance was too rapid.

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Definitions:

Shipment Seized

The act of authorities taking control over goods in transit due to non-compliance with laws or regulations.

Equilibrium Price

The price at which the quantity of goods demanded by consumers equals the quantity of goods supplied by producers, resulting in market balance.

Fine

Fine refers to a monetary penalty imposed as punishment for an offense or violation, often used by governments or regulatory bodies to enforce laws and regulations.

Industry Demand

The total demand for products or services within a particular industry or sector.