operations management (1 Viewer)

[Yusra366]

Hey!
Does anyone know how to answer: " discuss the balance between the cost and quality in operations management"?
I just confused about the advantages and disadvantages part

 

[thetestdude]

Higher quality comes at a higher cost, but will increase customer satisfaction as well as revenue and profitability.

Business can lower production costs and gain cost leadership advantage, but this may also lower product quality and drive potential customers away from your business's products.

 

[Yusra366]

Higher quality comes at a higher cost, but will increase customer satisfaction as well as revenue and profitability.

Business can lower production costs and gain cost leadership advantage, but this may also lower product quality and drive potential customers away from your business's products.

Oh wow that helped a lot, thank you so much!

 

[thetestdude]

Oh wow that helped a lot, thank you so much!

No worries!