The Most Severe Penalty for Poor Quality Expectations Is (Are)

question 7

Multiple Choice

The most severe penalty for poor quality expectations is (are) ____________. If the quality of the inputs to the productive system is inferior, the final product will be inferior.

• A) government sanctions
• B) consumer boycotts
• C) court cases
• D) consumer complaints
• E) the loss of sales

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Definitions:

Appropriation

The act of taking something for one's own use, typically without the owner's permission.

Price-Fixing Agreement

An agreement between competitors to fix the prices of products or services at a certain level.

U.S. Antitrust Laws

Laws implemented in the United States to prevent anti-competitive practices, monopolies, and to promote fair competition.

U.S. Commerce

Refers to the buying, selling, and exchange of goods and services within the United States or between the United States and foreign entities.