Match the Principle of Quality Improvement with Its Key Benefits

question 25

Multiple Choice

Match the Principle of Quality Improvement with its Key Benefits.
-Miscommunication between organization levels are minimized.

• A)Customer focus/patient focus
• B)Leadership
• C)Involvement of people
• D)Process approach
• E)System approach to management
• F)Continual improvement
• G)Factual approach to decision making
• H)Mutually beneficial supplier relationships

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Definitions:

Target Pricing

The practice of setting a price for a product based on what customers are expected to be willing to pay, often considering the competitive landscape and cost constraints.

Profit Leader

A company or business entity that dominates a particular market or industry in terms of profit generation.

Traffic Builder

A promotional activity or event designed to attract visitors or increase footfall to a certain location, such as a retail store or trade show booth.

Product-line Pricing

A strategy where different products within the same category are priced differently based on features, benefits, or cost of production.