Successful Firms Must Focus on the Quality of the Products

question 38

Multiple Choice

Successful firms must focus on the quality of the products and services that they offer.Which factor(s) contributes to the quest for quality?

• A)Global competition
• B)Consumer expectations
• C)Technological advances
• D)All of the above

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Definitions:

State Unemployment Taxes

Taxes imposed by state governments on businesses based on the amount of wages paid to employees, used to fund unemployment compensation programs.

Employer Payroll Tax Rates

The percentage rates at which employers are required to tax their employees' wages for federal and state payroll taxes.

FICA Social Security Taxes

Taxes paid by both employers and employees to fund the Social Security program, determined as a percentage of payroll.

FICA Medicare Taxes

These are taxes collected from both employers and employees in the United States to fund the Medicare program, which provides healthcare benefits for qualified individuals.