For what type of firm is improving quality not an important competitive issue?
A)manufacturing firms only
B)service firms only
C)supplying firms only
D)Monopolistic firms

Question

Quizplus · Accepted Answer

Monopolistic firms have little or no competition, so they may not prioritize improving quality as much as firms in a competitive market. However, it is worth noting that improving quality can still be important for maintaining customer satisfaction and loyalty, even for monopolistic firms.

For What Type of Firm Is Improving Quality Not an Important