Answer:
c. Involvement and empowerment of employees at all levels
Explanation:
Total quality management refers to managing the organization in order to develop a success in the long run by considering the low level workers to the high level executive, and at the same time focused on quality improvement and the customer satisfaction
Here are the following points to become important for an organization
1. Quality improvement, management leads to long term success for organization and customers
2. The deficiencies could be determined by performing the work and can be corrected through providing the training, education, etc
3. If the product contains high quality that meet the needs of the customers than it would lead to high customer satifaction
4. And, in case if there is few defective product so the company is in a position to save the cost
Answer:
The correct answer is letter "A": cognitive dissonance.
Explanation:
Social psychologist Leon Festinger (1919-1989) described cognitive dissonance as the situation in which individuals feel discomfort as the result of unmatched expectations and the events that took place. According to Festinger, individuals constantly look for consistency to confirm their beliefs are true. Besides, people tend to avoid inconsistency because they lead to disharmony.
Answer:
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Explanation:
Answer:
- Under Single Price Monopoly, absolute surplus is not maximized.
- The profit-maximizing efficiency in Perfect Price Discrimination is correlated with no extra weight loss
- Barefeet generates quantity less than the productive quantity of boots in single-price Monopoly.
Explanation:
A single-price monopoly is a corporation, who must sell every unit of its production to all its consumers for the same rate. so there is no way to maximize surplus.
A price-discriminating monopoly is a corporation able to sell various units of a product or service at various price points. Therefore, by adjusting their prices they have opportunities to increase their income.