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The sale of any gives company based its product on the market. The customer evaluates the product quality before they purchase. The…
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TOPIC: Thou the business may face a heavy financial change .Quality remain the key to having a market edge in a competitive business (Francis, 2003). The sale of any gives company based its product on the market. The customer evaluates the product quality before they purchase. The company that compromises it quality on the ground of financial position is likely losing in the market. The companies like BMW, Audi and Ford, have established a reputation because of their products are of high quality. Customer trusts their product because they have been able to maintain they quality at different financial position
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Safety remains essential aspect in engineering. A company is trying to cut its production cost while comprising the safety of the user is a huge mistake, especially automobile company. The life of the driver of a vehicle is dependent on the efficiency the vehicle when the safety of the driver is not put into consideration while manufacturing the car, and it exposes the driver to any risk. Competing in a market where profit is incurred in cost reduction have result companies like GM not recall faulty cars in order to protect their market share from dropping.This method should not be the best when the business products involve human safety. There should be measure that control business operating in product that risk to human beings
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The business that is leaving the market due financial loss that lead them been bankrupt is questioning that has no answer. Many of these instances occur due to poor management. The business has failed in providing quality products. This obligation is neglected in search of financial gain. Customers are making their decision on purchases based on the value and quality. If a business fail to meet the demand, it is likely to have a drastic reduction in its sale. Business should put quality as a core of its operation to survive the dynamic market.
Reference
Francis, T. (2003). Total Quality Management & Business Excellence. Volume 26, Issue 5-6, 2015 , 35-225. Read More
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