________, an American economist, argued that business should focus on making quality products instead of maximizing profits-and that profits would follow.
A) W. Edwards Deming
B) Conrad Hilton
C) Paul Samuelson
D) Jonathan Anderson
E) Jennifer Jewet

Question

Quizplus · Accepted Answer

W. Edwards Deming was a famous American economist who argued that business should focus on making quality products instead of maximizing profits. He believed that by improving the quality of products and processes, companies could reduce costs, increase productivity, and ultimately increase profits. His teachings had a significant impact on the Japanese manufacturing industry in the 1950s and 1960s and continue to be influential in modern management practices.

________, an American Economist, Argued That Business Should Focus on Making