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Why does competition among producers result in lower prices and better product quality and customer service service?
Wiki User
∙ 11y ago
It is a matter of basic economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
Wiki User
∙ 11y ago
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Why does competition among producers result in lower prices better product quality and better customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
How can a product achieve product differentiation?
products have both higher quality and lower cost than those of the competition.
What are the primary concerns of business customer?
Price, product quality, service, and supplier relationships.
How does apple attempt to exceed customer's expectations considering the quality of their product or services?
Microsoft is better
What is perceived quality?
The customer's perception of the overall quality or superiority of a product or service with respect to its intended purpose, relative to alternatives. Perceived quality is a perception by customers.
Why does competition among producers result in lower prices and better product quality and customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
Why does competition among producers result in lower prices better product quality and better customer service?
It is a matter of basic Economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
How might the benchmarking and quality circles inprove quality?
for eg: for a product required by a customer, the benchmarking will be done by the customer. it means the product is of good quality which the customer was expecting. Benchmarking means the product has relative performance which is expected.
What can advertisement with celebrity endorsements achieve?
Primarily attention, but also sales.
How would quality of product influence competition?
simple better quality of product then more competition will be suggested by similar product companys same goes each way round. Its human nature to progress, to move on to get better.
The most important customer skill is?
Responsibility while buying a product and ensure if the product suits the quality he / she required. Or it matches the price ( quality)
How can a product achieve product differentiation?
products have both higher quality and lower cost than those of the competition.
What is the definition of service quality?
Service quality is having vast meaning. And it is in the customer mind what he wants and it can be defined as expectations of customer towards the service or product.
Define Service quality?
service quality is the customer expectation from the product or services and actual performance of the the services
What is a good product?
A good product is one which satisfies a customer fully in terms of quality, quantity and price.
What are your two best qualities?
1) Customer service 2) Product Quality
House of quality?
A house of quality is a chart similar to a house, describing how much the product is satisfying the customer's needs.
