Differentiate Between Performance Quality and Conformance Quality

question 142

Essay

Differentiate between performance quality and conformance quality.Give an example of two products that have different performance quality but are of equal conformance quality.

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Definitions:

Nature Of The Business

Describes the fundamental operations and activities in which a business is engaged.

Allocation Of Losses

The process by which losses are distributed among various parties, such as insurance companies or individuals, often according to a pre-determined formula or agreement.

Judicial Determination

A decision made by a court or a judge regarding the outcome of a legal matter.

Capital Contribution

The act of providing assets or funds to a partnership or company by its owners or partners to support its operations or start-up.