How Can Improving Quality Increase Firm Value

question 136

Multiple Choice

How can improving quality increase firm value?

• A)Firms can increase activities.
• B)Firms can increase costs.
• C)Firms can increase customer demand.
• D)Firms can increase non-value-added items.

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Definitions:

Change Initiative

A strategic plan implemented to modify processes, systems, or organizational structures in order to improve efficiency, productivity, or adapt to new market demands.

Organization's Culture

The shared values, beliefs, and norms that influence the behavior and practices of all members within an organization.

Enhance Quality

Steps or actions taken to improve the standard, value, or excellence of products, services, or processes.

Implementing Change

The process of applying strategies and actions to transform an organization's goals, processes, technologies, or culture to improve efficiency and effectiveness.