Quality has an impact on both costs and revenues.

Name: Quality has an impact on both costs and revenues.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Higher quality products may have higher costs in terms of materials and production, but they can command higher prices and generate more revenue through customer satisfaction and loyalty. Conversely, lower quality products may have lower costs but can lead to decreased revenue due to customer dissatisfaction and negative word-of-mouth.

Quality Has an Impact on Both Costs and Revenues