A Quality Perspective That Focuses on Whether or Not a Product

question 43

Multiple Choice

A quality perspective that focuses on whether or not a product was made or a service was performed as intended is the:

• A)performance perspective.
• B)value perspective.
• C)conformance perspective.
• D)intention perspective.

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Definitions:

Laspeyres Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services of the same type and quantity over time.

Prices

The amounts of money required to purchase goods or services, setting the economic value of said goods or services in the market.

Consumption Bundle

A combination of goods and services that a consumer chooses to consume.

Subsidy

Financial support given by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.