The Ultimate Goal of Strategic Quality Planning Is to Help

question 49

Multiple Choice

The ultimate goal of strategic quality planning is to help an organization achieve ________.

• A) maximum profitability
• B) sustainable competitive advantage
• C) an increase in market share
• D) cost minimization
• E) growth in revenues

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Definitions:

Lease Payment

Regular payments made by a lessee to a lessor for the use of an asset over the lease term, according to the lease agreement.

Affiliate Company

An entity that is controlled by or is under common control with another company, typically through ownership or influence.

Comparative Balance Sheet

Financial statements that present the financial position of a company at different points in time, side by side, to facilitate comparison.

Cash Flow Statement

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, and all cash outflows that pay for business activities and investments during a given period.