Instituting a strategy of quality improvement usually helps to increase short-run profitability.

Question

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Quality improvement strategies often involve upfront costs and may not lead to immediate profitability increases. In the short run, these strategies can reduce profitability due to the investment required for training, new equipment, or process redesign. Long-term benefits include higher customer satisfaction and efficiency gains, which can improve profitability.

Instituting a Strategy of Quality Improvement Usually Helps to Increase