How Can Quality Be Defined

question 10

Multiple Choice

How can quality be defined?

• A) A product or service that has a competitive edge
• B) A product or service free of deficiencies
• C) A product or service that will satisfy some needs
• D) A product or service that reduces waste

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Definitions:

Durability

The ability of a product or material to withstand wear, pressure, or damage, maintaining its original form and functionality over time.

Barriers to Entry

Factors that make it difficult for new competitors to enter a market, protecting existing players from potential new entrants.

Timmons Model

A framework for understanding and analyzing the entrepreneurship process, focusing on the opportunity, team, and resources.

Timmons Model

A framework for understanding and developing the entrepreneurial process, emphasizing the importance of opportunity recognition, team, and resources.