In Order to Design for Ease of Production, a Company

question 84

Multiple Choice

In order to design for ease of production, a company should

• A)adopt a challenging quality goal.
• B)design products that have fewer component parts.
• C)increase the average number of customer queries solved per day.
• D)decrease the number of employees performing a particular task.
• E)create an additional product to be supplied with a main product.

---

Definitions:

Perfect Price Discrimination

Perfect price discrimination occurs when a seller charges each buyer their maximum willingness to pay, extracting all consumer surplus.

Total Profits

The sum of earnings from a business operation, after all expenses have been deducted from total revenue.

Price-discriminating Monopolist

A monopolist that charges different prices to different consumers or groups of consumers for the same product, not based on cost differences.

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.