Examples of CSFs Include All of the Following EXCEPT

question 90

Multiple Choice

Examples of CSFs include all of the following EXCEPT:

• A)quality customer service.
• B)loose control of manufacturing costs.
• C)correct pricing of products and services.
• D)efficient use of employees.

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Definitions:

Invisible Hand

A metaphor introduced by Adam Smith to describe the self-regulating nature of the market economy driven by individuals' pursuit of their own interests.

Price Mechanism

The system by which the prices of goods and services are determined in a free market, based on the principles of supply and demand.

Central Planning Agency

An organization responsible for directing economic activity according to a comprehensive plan, often in a centrally planned economy.

Business Firms

Entities that engage in commercial, industrial, or professional activities with the goal of generating profits for their owners or shareholders.