Which of the following steps in the five-step chain reaction, as articulated by Deming with regard to the philosophy underlying total quality management (TQM), enables a company to achieve a higher market share and raise prices?
A) Improvement in productivity
B) Increase in a company's profitability
C) Higher market shares due to superior quality of products
D) Reduction of costs due to improved quality
E) Creation of more jobs

Question

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The Answer of Which of the following steps in the five-step chain reaction, as articulated by Deming with regard to the philosophy underlying total quality management (TQM), enables a company to achieve a higher market share and raise prices?
A) Improvement in productivity
B) Increase in a company's profitability
C) Higher market shares due to superior quality of products
D) Reduction of costs due to improved quality
E) Creation of more jobs

Which of the Following Steps in the Five-Step Chain Reaction