An improvement in product quality leads to an increase in a firm's value by:
A)reducing inspection cost.
B)reducing the cost of raw materials.
C)reducing labor cost.
D)reducing the opportunity cost of production.

Question

Quizplus · Accepted Answer

Improving product quality can lead to a reduction in inspection costs as fewer defects mean less need for quality control checks.

An Improvement in Product Quality Leads to an Increase in a Firm's