Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Link between product quality and profit-making.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Axis, post: 298149, member: 66672"] The connection between profit seeking and product quality can be complex and multifaceted. Here are a few ways in which they can be related: INCREASED FOCUS ON COST-CUTTING: In order to maximize profits, a business may prioritize cost-cutting measures over product quality, which can lead to decreased quality. BALANCING QUALITY AND COST: A business may strive to balance the cost of producing a high-quality product with the need to make a profit. This can result in a trade-off between quality and cost, where the business may have to compromise on one or the other. HIGH-QUALITY PRODUCTS CAN LEAD TO HIGHER PROFITS: On the other hand, a business that invests in producing high-quality products may be able to charge higher prices, resulting in higher profits. In this way, a focus on product quality can be seen as a means of increasing profits. MARKET DEMAND FOR QUALITY: The market demand for high-quality products can also play a role in shaping a business's focus on product quality. A business that produces high-quality products that are in demand may be able to make a profit while still prioritizing quality. To finalize, the relationship between profit seeking and product quality can vary depending on factors such as market demand, competition, and the overall strategy of the business. However, in many cases, a focus on product quality can be seen as a means of achieving higher profits over the long term. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Link between product quality and profit-making.
Top