why is the concept of \performance and quality criteria\ important for a business?\nto compete with other…
why is the concept of \performance and quality criteria\ important for a business?\nto compete with other businesses.\nto save money by keeping buffer inventory very low.\nquality ensures customer satisfaction and loyalty.\nto attract customers.
Answer
Brief Explanations:
Performance and quality criteria help a business stand out in the market. High - quality products or services lead to customer satisfaction and loyalty, which in turn attracts more customers. This is crucial for competing with other businesses. Keeping buffer inventory low is more related to inventory management strategies rather than the core importance of performance and quality criteria.
Answer:
To compete with other businesses., Quality ensures customer satisfaction and loyalty., To attract customers.