Vidyalelo
Management · Q18

Management Accounting

Graduate and Post Graduate · Management · question 18

Q18

Philosophy, in which management works to improve value chain of products, to exceed customer expectations is classified as

A.
quality
Answer
B.
management chain
C.
customer chain
D.
cost chain

Answer: Option A

Solution

Answer: Option A
Solution:
Philosophy, in which management works to improve value chain of products, to exceed customer expectations is classified as quality. Quality means "the totality of features and characteristics of a product or service that bears its ability to satisfy stated or implied needs."