Which of the Following Is Not a Critical Element in a Total

question 95

Multiple Choice

Which of the following is not a critical element in a total quality management system?

• A)employee involvement
• B)activity-based costing
• C)continuous improvement
• D)problem prevention emphasis

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Definitions:

Predatory Pricing

Charging a very low price for a product with the intent of driving competitors out of business.

Deceptive Pricing

A misleading business practice where the price advertised is not fully transparent, leading consumers to believe they are paying less than the actual cost.

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service based on various criteria like customer location, purchasing power, or quantity bought.

Vertical Price Fixing

An agreement among participants on different levels of the same supply chain to control prices passed on to consumers.