Cost Management Not Only Helps Reducing Costs but Also Improving

question 146

True/False

Cost management not only helps reducing costs but also improving customer satisfaction and the quality of a firm's products.

---

Definitions:

Hispanics

A term commonly used in the United States to refer to people of Spanish-speaking origin or ancestry, including those from Latin America and Spain.

Poverty Rate

The proportion of a population living below the poverty line, reflecting the percentage of people whose income falls below the threshold considered necessary to meet basic living needs.

Lowest Quintile

Refers to the bottom 20% of a population when divided by economic measures such as income or wealth.

Income

Income earned from work or investments, typically received regularly.