The Fact That a Product or System Needs to Be

question 44

Multiple Choice

The fact that a product or system needs to be capable of meeting established standards refers to which quality dimension?

• A) Relative quality
• B) Conformance
• C) Absolute level of quality
• D) Perceived quality
• E) Performance

---

Definitions:

External Analysis

The evaluation of factors outside a business that can impact its performance, such as economic trends, competitive landscape, and regulatory environments.

Internal Analysis

The process of examining an organization's strengths, weaknesses, internal resources, and capabilities to improve performance or strategic planning.

Bargaining Power of Buyers

The ability of buyers to negotiate lower prices or better terms with sellers, influenced by factors such as market competition and buyer concentration.

Threat of New Entrants

A term used in industry analysis referring to the possibility and ease with which new competitors can enter the market and impact existing businesses.