Title: Chapter 11 Learning Objectives
Course: Canvas Practice Course > Section: Week 3, 06 April to 09 April

THE ECONOMICS OF QUALITY

LEARNING OBJECTIVES

After completion of this chapter you should be able to:

- List four economic issues that all national leaders face.
- List five goals of economic systems.
- Discuss the relationship of supply, demand and price.
- Discuss the two factors that work together to determine the supply of a product or service.
- Explain how competition drives an economic system.
- Explain why governments regulate competition.
- List six factors that influence productivity.
- Discuss how information technology has affected the global marketplace.
- Explain why the customer has more “power” today and how that power influences companies.