Poor Product Quality Is Often the Result of Poor

question 201

Multiple Choice

Poor product quality is often the result of poor:

• A)testing
• B)marketing efforts
• C)needs vs.wants analysis
• D)consumer development

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Definitions:

Opportunity Cost

The cost of the next best alternative foregone when making a decision.

Production Possibilities Frontier

A graph that shows the combinations of two goods that an economy can produce using all available resources and technology efficiently.

Constant

A value or factor that does not change in mathematical expressions or experiments, representing stability within a specified context.