According to the value-based definition of quality, if the product is perceived as providing good value for the price, it has good quality.

Question

Quizplus · Accepted Answer

The value-based definition of quality focuses on the perception of customers regarding the product's value for the price. If customers perceive that the product offers good value for its price, it is considered to have good quality. Therefore, the statement is true.

According to the Value-Based Definition of Quality, If the Product