According to the Text, Product Quality Means That

question 71

Multiple Choice

According to the text, product quality means that:

• A) products are designed to meet demanding specifications.
• B) a product satisfies a customer's requirements or needs.
• C) there are no errors in the production process.
• D) the product won't ever break.
• E) None of these choices is correct.

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Definitions:

Total Asset Turnover

Sales divided by total assets.

Asset Utilization

A measure of how efficiently a company uses its assets to generate revenue.

Assets

A firm’s economic resources, or items of value that it owns, such as cash, inventory, land, equipment, buildings, and other tangible and intangible things.