What It Means to Have a Product with Quality and What is the Cost?

Abstract

The quality of a product is becoming a topic of relevant interest as a factor of competitiveness, which is being today a goal widely recognized around the world. The increasing consumer demands and the absence of barriers to trade, make the suppliers with a lower quality in your products or services unable to survive in the current markets for long. In this article will be given the different settings to product and quality, arising from commercial or economics operations and will be related to the factor price, cost, profitability and market share.