Positive Outcomes of Continuous Improvement Include ________

question 53

Multiple Choice

Positive outcomes of continuous improvement include ________.

• A)​increased customer loyalty
• B)​increased customer satisfaction
• C) ​protection against competitors
• D) ​all of these

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Definitions:

Interest Rate

The percentage of principal charged by the lender for the use of its money or the return earned on deposit funds.

Consumption

The use of goods and services by households or individuals, typically measured to understand economic activity and consumer behavior.

Utility Function

A representation of a consumer's preferences, modelling satisfaction obtained from consuming goods and services.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.