__________ Means Producing Goods and Services with Superior Design,features,reliability,and After-Sales

question 48

Multiple Choice

__________ means producing goods and services with superior design,features,reliability,and after-sales support.

• A)Efficiency
• B)Quality
• C)Innovation
• D)Flexibility
• E)Responsiveness

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Definitions:

Interest Rate

The proportion, typically expressed as a percentage, at which interest is charged by lenders on loans or paid by banks on deposits.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.