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The Higher the Quality, the Lower the Cost

Contrary to conventional wisdom, increased quality doesn’t always equate to increased cost

Shobhendu Prabhakar
Wed, 03/27/2019 - 12:03
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Historically, conventional wisdom among business managers was that the higher the quality, the higher the cost. This perception still holds true today among a few business managers. Common sense also tells us the same thing, i.e., to create higher quality products or services, organizations will have to spend more. However, is this perception the reality, and does common sense make sense in this scenario?

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Here are five compelling arguments why higher quality means lower cost.

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Comments

Submitted by Gaurav Goswami (not verified) on Wed, 03/27/2019 - 12:44

Very Nice article with

Very Nice article with examples. Very well written. Thumps Up

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