Which of the following is not a tangible benefit of following TQM?
a) Increased profitability
b) Increased market and customers
c) Improved productivity
d) Increase in quality costs
Answer: d
Explanation: Cost of quality or Quality costs is the cost incurred by a company to prevent poor quality goods or services. By using TQM philosophy, the degree of excellence in goods or services increases, and hence quality increases. When we have high-quality goods or services the cost that is required to prevent poor-quality goods or services decreases.
More Questions on Benefits and Barriers of TQM
- Employee participation after using TQM philosophy _______
- The working relationships after using TQM philosophy _______
- Which of the following is not an intangible benefit of following TQM?
- The product quality after using TQM philosophy _______
- Which of the following is a tangible benefit of following TQM?