In the Long Term,which of the Following Is Not the Result

question 23

Multiple Choice

In the long term,which of the following is not the result of an organization's quality improvement efforts?

• A)Higher customer satisfaction
• B)Positive word of mouth
• C)Food reputation
• D)Increased market share
• E)Employee turnover rate

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Definitions:

Satisfaction

The feeling of pleasure or contentment that comes from fulfilling a desire, expectation, or need, or achieving a goal.

Marginal Rate

The rate at which one additional unit of something affects an outcome, often used in the context of taxes or production.

Substitution

The economic concept where consumers replace more expensive items with less costly alternatives, influencing demand and market dynamics.

Indifference Curve

A graphical representation in economics showing different bundles of goods between which a consumer is indifferent, implying no preference for one combination over the other.