For a Bus Company, Which of the Following Relates to the Quality

question 37

Multiple Choice

For a bus company, which of the following relates to the quality objective?

• A) The company gets you from A to B more quickly than its rivals.
• B) Buses arrive on time.
• C) The timetable is accurate and user friendly.
• D) The fares are reasonable.

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Definitions:

Inelastic

Describes a condition where the demand or supply for a good or service is not significantly changed by changes in price.

Elastic

Elasticity in economics refers to the responsiveness of demand or supply to changes in price or income.

Completely Inelastic

Describes a situation where the demand or supply for a good or service does not change in response to changes in price.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.