Cost Management Not Only Helps Reduce Costs but Also Improve

question 10

True/False

Cost management not only helps reduce costs but also improve customer satisfaction and the quality of a firm's products.

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Definitions:

Social Contagion

A phenomenon where ideas, feelings, and behaviors seem to spread across people in a group as if they were infectious diseases.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or standards.

Stereotypes

Oversimplified and widely held beliefs about the characteristics of particular groups of people.

Prejudicial Emotions

Feelings that are biased or prejudiced, leading to unfair judgments or treatment of others based on preconceived notions rather than individual merit.