________ is keeping costs low enough to achieve profits while pricing products at levels that are attractive to consumers.
A) Price control
B) Margin maximization
C) Total quality control
D) Cost competitiveness
E) Workforce efficiency

Question

Quizplus · Accepted Answer

Cost competitiveness involves keeping costs low enough to achieve profits while pricing products at levels that are attractive to consumers. Price control refers to setting prices to achieve specific goals, margin maximization focuses on maximizing profit margins, total quality control involves ensuring the quality of a product, and workforce efficiency focuses on maximizing the efficiency of the workforce.

________ Is Keeping Costs Low Enough to Achieve Profits While