others quality

• High quality product

  • Can increase profits
• Quality

  Meeting or exceeding consumer expectations of what a product should do
• Businesses where quality is more important

  • Competitive market
  • Produces high-priced, luxury items
• Business focused on improving quality

  • Can reduce costs
  • Can increase revenue
• Ways quality can reduce costs

  • Less raw material and worker/machinery time used for mistakes
  • Fewer complaints and refunds
• Ways quality can increase revenue

  • Quality can function as a unique selling point
  • High quality products improve image and reputation
  • Quality associated with consistency
• Being known for producing good quality products can give a firm a competitive advantage