A company that doesn't invest in quality improvement while competitors are doing so is likely to suffer a decline in its market share,revenues and profits,even to the extent of losses.

Question

Quizplus · Accepted Answer

Investing in quality improvement is important for staying competitive in the market. If a company fails to do so while its competitors are making such improvements, it is likely to lose its competitive edge and ultimately suffer a decline in market share, revenues, and profits. This decline can be so significant that the company may even experience losses. Therefore, it is crucial for companies to prioritize quality improvement to stay relevant and successful in today's competitive business environment.

A Company That Doesn't Invest in Quality Improvement While Competitors