What Is Total Quality Management

question 25

Multiple Choice

What is total quality management?

• A)an approach to production that focuses on decreasing overall production costs
• B)an approach to product placement that allows for the product to be marketed to high quality customers
• C)an approach where quality goals are set once and strictly adhered to
• D)an approach to managing quality that demands the production of defect-free products

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Definitions:

Utility-Maximizing

The process or strategy of selecting the combination of goods and services that provides the highest level of satisfaction or utility to an individual.

Pizza

A popular dish of Italian origin, consisting of a flat round base of dough baked with a topping of tomato sauce and cheese, often with added meats, vegetables, or other ingredients.

Soda Pop

A carbonated soft drink available in various flavors, often sweetened and served chilled.

Utility-Maximizing

A principle in economics where consumers allocate their income to purchase goods and services that provide the highest satisfaction or utility.