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A good quality output is a key success factor for a company. How do you think...

A good quality output is a key success factor for a company. How do you think quality might help improves a company’s profitability?

Business   Operations-Management   
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Answer #1

Quality helps organisations in adopting premoum pricing mechanisms and implementation of zero defect policy which leads to higher customer sales revenues and higher demand and thus higher profit margins.

Moreover quality ensures customers trust, leads to better customer attractiveness, customers loyalty, lower customer churn, higher market penetration and thus improves profitability in long run as the brand image leads to pull buying behaviour.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

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