which of the followin is the main reason to improve quality is that doing so can achieve which of the following
deepening the prodect mix
extending the product life cycle
creating product line extensions
lowering the cost to make the product
The main reason to improve quality is to lower the cost to make the product.
The main reason to improve quality is that doing so can achieve all of the following options mentioned:
1. Deepening the product mix: By improving the quality of products, businesses can offer a wider range of products that cater to different customer needs and preferences, thereby deepening their product mix.
2. Extending the product life cycle: Higher quality products tend to have a longer life cycle as customers are more likely to continue purchasing and being satisfied with products that meet their expectations and needs.
3. Creating product line extensions: Improving quality can lead to the creation of new variations or extensions of existing products, allowing businesses to expand their product lines and reach new markets.
4. Lowering the cost to make the product: While improving quality initially may require investment, it can also lead to cost savings in the long run. Higher quality products are often more efficient to produce, resulting in lower production costs. Additionally, improved quality reduces the likelihood of product defects and customer complaints, saving costs associated with rework, returns, and customer support.
The main reason to improve quality is that doing so can achieve all of the following benefits:
1. Deepening the product mix: By improving the quality of a product, you can enhance its features, performance, and overall value. This can attract more customers and increase the variety of products within your product mix.
2. Extending the product life cycle: When a product has better quality, it typically lasts longer and satisfies customers' needs more effectively. This can extend the product's life cycle, meaning it remains competitive in the market for a longer period of time.
3. Creating product line extensions: Improving quality can enable you to introduce complementary or upgraded variants of an existing product. These extensions provide added value to customers and expand your product line, giving customers more options to choose from.
4. Lowering the cost to make the product: Higher quality often leads to improved manufacturing processes, efficiency, and reduced defects. As a result, the cost of producing the product can be lowered, leading to higher profit margins.
To summarize, improving quality can benefit a business in various ways, such as deepening the product mix, extending the product life cycle, creating product line extensions, and lowering the cost to make the product.