A Strategy for Continuously Improving Performance at Every Level,and in All

question 9

Multiple Choice

A strategy for continuously improving performance at every level,and in all areas of responsibility is called:

• A)total quality control
• B)total quality product
• C)total quality management
• D)total systems approach

---

Definitions:

Price Decrease

A reduction in the cost of a good or service, which can influence consumer demand and economic dynamics.

Indifference Curves

Graphical representations of different bundles of goods that provide the same level of utility or satisfaction to a consumer.

Optimal Consumption

A situation in consumer behavior where the combination of goods and services purchased maximizes utility for the consumer, given their budget constraints.

Loaves

Units of bread that are shaped and baked in a specific size and form.