Pursuing Continuous Quality Improvement as a Uniqueness Factor Is Sound

question 39

Multiple Choice

Pursuing continuous quality improvement as a uniqueness factor is sound because it:

• A) can create differentiation even if little tangible differentiation exists otherwise.
• B) bestows the first-mover-in-the-market advantage on companies practicing it.
• C) can often reduce product defects and improve economy of use.
• D) always provides a competitive advantage.
• E) provides wider product variety and selection through product versioning.

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Definitions:

Securities and Exchange Commission (SEC)

An independent U.S. federal agency responsible for regulating the securities industry, enforcing federal securities laws, and ensuring that markets operate fairly and efficiently.

Independent Agency

is a government body established to regulate and oversee specific areas of public policy, distinct from executive departments.

Judicial Review

The process by which courts examine government actions to determine if they conform to the constitution or other legal standards.

Agency Behavior

Actions and decisions made by agents representing others in business transactions, reflecting the interest of the principal.