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What Is Quality? List and Define Three Characteristics of Quality

question 108

Essay

What is quality? List and define three characteristics of quality for goods and for services. Explain why these characteristics are different for goods and services;then,identify the one dimension that is common in both lists. Finally,specify a good or service that you were very dissatisfied with during the past year,and explain which of these quality dimensions the good or service was deficient on.


Definitions:

1930s

A decade during which the world experienced the Great Depression, characterized by significant economic hardship, high unemployment, and major shifts in economic policies.

Quantity Controls

Government-imposed limits on the amount of a good that can be produced or sold within a market.

Price Ceilings

A legally established maximum price for goods or services, aimed at preventing prices from rising too high.

Price Floors

Minimum legal prices set by the government for certain goods and services, intended to ensure that prices do not fall below a certain level.

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