The objectives of reducing costs and increasing quality in a firm are independent of each other.

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Reducing costs and increasing quality are often linked and interdependent objectives. Improving the quality of a product or service can lead to a reduction in costs by minimizing waste, errors, and rework. Similarly, reducing costs can often lead to a decrease in the quality of a product or service if necessary investments in quality assurance and control are not made. Therefore, firms often strive to balance these objectives and optimize their overall performance.

The Objectives of Reducing Costs and Increasing Quality in a Firm