Improved Quality Can Increase Profitability Via Allowing Flexible Pricing

question 194

True/False

Improved quality can increase profitability via allowing flexible pricing.

---

Definitions:

Government Intervention

Actions taken by a government to affect or interfere with the economic or social activities in a country, often to correct market failures.

Socially Responsible

Socially responsible describes entities that act in ways that benefit society at large, including ethical behavior, environmental sustainability, and community support.

Government Mandated

Requirements or regulations imposed by a governmental authority that businesses or individuals must comply with.

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with their stakeholders.