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If you belong to accounting or management stream, then you will definitely get to encounter with the topic named Quality as a Competitive Tool. For businesses this concept is of practical applicability and immense importance, thus being a student of this stream, you must have a firm grip on the topic. You must get quality as a competitive tool homework help so that all the concepts can become absolutely clear.
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What is the topic of quality as a competitive tool about?
The success or failure of a business is very much dependent on the quality of the products and services it offers to the final customers. Just production is not important, in order to survive in the competitive market it is an essential requirement that all the offerings must be of highest quality standards.
Quality acts like a competitive tool because it helps in differentiating from the products and services of other brands. If there is a company which is offering superior quality products and services at very reasonable prices then automatically the customers will shift to this brand, giving the organization a competitive advantage altogether.
There are so many concepts in this topic that you may get confused. That is why you must not delay any furtherin getting quality as a competitive tool homework help.
Importance of quality as a competitive tool and associated concepts
Quality as a competitive tool is a very important area to analyze and the points discussed below will give you an idea about the same-
- Business survival is not possible if the organization will offer sub standard quality products or services to its customers, thus quality really is a powerful competitive tool.
- It is necessary that quality driven products and services should be priced There should neither be under pricing nor over pricing.
- For maintaining quality standards,it is important to modify production procedures and layouts, up-gradation of technology and vital machinery, using better quality materials, improving the delivery time,
- Just delivering quality bound products and services are not essential, a company needs to maintain consistency level and excellent after sales services also.
- With quality as a priority, a company can create a loyal customer segment and thereby increase its profit level by many times.
- A company can easily get ahead of all the other competitors in the market by providing exceptional quality products and services and secure the top position in the industry.
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