The Need for Quality Products and Services Is So High

question 49

True/False

The need for quality products and services is so high that quality alone can assure a firm that it will achieve strategic competitiveness and earn above-average returns.

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Definitions:

Vertical Market Software

Software that’s developed for and customized to a specific industry’s needs (such as a wood inventory system for a sawmill) as opposed to software that’s useful across a range of industries (such as word processing software).

Application Software

The set of programs on a computer that helps a user carry out tasks such as word processing, sending e-mail, balancing a budget, creating presentations, editing photos, taking an online course, and playing games.

Adobe Photoshop

A software application for image editing and photo retouching for use on Windows or MacOS computers, developed by Adobe Systems.

Red Eye

A common condition where eyes appear red due to the dilation of blood vessels, often caused by fatigue or allergies. It's also a term for overnight flights.