Who Is Famous for His "14 Points

question 134

Multiple Choice

Who is famous for his "14 Points?"

• A) Walter Shewhart
• B) W. Edwards Deming
• C) Joseph Juran
• D) Armand Feigenbaum
• E) Genichi Taguchi

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Definitions:

Concentration

The degree of market power held by a few companies within an industry, often measured using indices like the HHI.

Economies of Scale

The reduction in per-unit cost as the volume of production increases, due to factors like specialization and bulk purchasing.

Oligopoly

A market structure characterized by a small number of large firms that dominate the market, leading to limited competition and the potential for collusion or price setting.

Government Regulation

The laws and rules put in place by the government to control the way businesses can operate, often with the aim of protecting consumers, workers, and the environment.