How does competition impact product quality?
What will be an ideal response?
International competition provides domestic producers with a strong incentive to improve the quality of their products. Also, international trade usually weakens monopolies. As countries open their markets, their monopoly producers face competition from foreign firms, which generally increases product quality.
You might also like to view...
Retailers study traffic flow, street congestion, and parking space availability when considering a new store site to determine the potential site's
A. visibility. B. parallel tenants. C. adjacent tenants. D. availability. E. accessibility.
Answer the following statements true (T) or false (F)
1. Comment cards the easiest and cheapest form of data collection and allow for managers to analyze the data and fix service delivery service problems. 2. Like comment cards, call-in feedback does not produce enough feedback to be considered reliable. 3. When deciding which quality assessment method should be used, companies should consider who should collect and interpret the data. 4. Knowing what has failed not what has gone right is what is needed to reassess service.
The most common form of marketing organization is the product management organization
Indicate whether the statement is true or false
Financial markets are intermediaries that channel the savings of individuals, businesses, and government into loans or investments
Indicate whether the statement is true or false