Question

Managing quality helps build successful strategies of A. ​differentiation, low cost and service. B. ​differentiation, time and response. C. ​differentiation, low cost and response. D. ​differentiation, time and service.

Answer 1

Managing quality helps build successful strategies of "​differentiation, low cost and response".

Answer: Option C

Explanation:

The expression of supervising all operations and activities necessary to maintain the rate of competence required, thus understood as "Quality management". It involves defining a performance policy, establishing and enforcing quality scheduling and expectation, as well as quality control and enhancing quality.

In order to attract market, launch of unique product is necessary with pocket friendly price and good quality too. When quality is managed more according to the market need than the owners capability of finance, then only growth of firm is possible, thus quality of product should not be compromised.