Podcast
Questions and Answers
Which of the following is an example of corruption?
Which of the following is an example of corruption?
- Increased transparency
- Bribery (correct)
- Foreign investment
- Fair business operations
How can inadequate education systems affect a country's competitiveness?
How can inadequate education systems affect a country's competitiveness?
- By increasing access to higher education
- By producing graduates who lack needed skills (correct)
- By increasing focus on STEM fields
- By producing highly skilled graduates
What is a potential consequence of limited access to quality childcare?
What is a potential consequence of limited access to quality childcare?
- Reduced parental ability to work (correct)
- Greater contribution to the economy by parents
- Increased parental ability to work
- Decreased impact on parents' work
What does STEM stand for?
What does STEM stand for?
Which factor can limit a country's overall competitiveness?
Which factor can limit a country's overall competitiveness?
Which dimension of service quality relates to the environment where service is provided?
Which dimension of service quality relates to the environment where service is provided?
What does 'assurance' in service quality primarily refer to?
What does 'assurance' in service quality primarily refer to?
Which of these describes 'responsiveness' in the context of service quality?
Which of these describes 'responsiveness' in the context of service quality?
What is 'service reliability' primarily concerned with?
What is 'service reliability' primarily concerned with?
Which dimension of service quality involves caring and individual attention?
Which dimension of service quality involves caring and individual attention?
What is a key component of global competitiveness related to a country's resources?
What is a key component of global competitiveness related to a country's resources?
Which factor contributes to a country's global competitiveness by fostering new ideas?
Which factor contributes to a country's global competitiveness by fostering new ideas?
What primarily enhances a company's competitiveness and attracts more customers?
What primarily enhances a company's competitiveness and attracts more customers?
What is a direct result of employees contributing to excellence?
What is a direct result of employees contributing to excellence?
What does the cost of poor quality include?
What does the cost of poor quality include?
Why does poor quality hurt competitiveness?
Why does poor quality hurt competitiveness?
How does a competitive country impact its citizens' quality of life?
How does a competitive country impact its citizens' quality of life?
What does a competitive environment encourage businesses to do?
What does a competitive environment encourage businesses to do?
What does a competitive country need to invest in?
What does a competitive country need to invest in?
What can prioritizing short-term profits over long-term investments lead to?
What can prioritizing short-term profits over long-term investments lead to?
What is a factor that makes businesses less competitive?
What is a factor that makes businesses less competitive?
What does 'quality' primarily refer to?
What does 'quality' primarily refer to?
Which of the following is a key aspect of a high-quality product?
Which of the following is a key aspect of a high-quality product?
How is 'reliability' defined in the context of product quality?
How is 'reliability' defined in the context of product quality?
What does 'conformance' measure regarding product quality?
What does 'conformance' measure regarding product quality?
Which of the following describes 'durability' in product quality?
Which of the following describes 'durability' in product quality?
What is the focus of 'vibration testing'?
What is the focus of 'vibration testing'?
Which aspect of product quality relates to the ease with which customers can get repair service?
Which aspect of product quality relates to the ease with which customers can get repair service?
Which dimension of quality is related to how a product looks or feels?
Which dimension of quality is related to how a product looks or feels?
Flashcards
Corruption
Corruption
Dishonest or fraudulent conduct by those in power.
Lack of Parental Support
Lack of Parental Support
When parents don't value education, children's success suffers.
Limited Access to Childcare
Limited Access to Childcare
When childcare is lacking, parents can't work, impacting the economy.
Social and Cultural Barriers
Social and Cultural Barriers
Signup and view all the flashcards
Inadequate Education Systems
Inadequate Education Systems
Signup and view all the flashcards
Quality
Quality
Signup and view all the flashcards
Performance (Product Quality)
Performance (Product Quality)
Signup and view all the flashcards
Features (Product Quality)
Features (Product Quality)
Signup and view all the flashcards
Reliability (Product Quality)
Reliability (Product Quality)
Signup and view all the flashcards
Failure Rate
Failure Rate
Signup and view all the flashcards
Conformance (Product quality)
Conformance (Product quality)
Signup and view all the flashcards
Durability (Product Quality)
Durability (Product Quality)
Signup and view all the flashcards
Serviceability (Product Quality)
Serviceability (Product Quality)
Signup and view all the flashcards
Perceived Quality
Perceived Quality
Signup and view all the flashcards
Tangibles (Service Quality)
Tangibles (Service Quality)
Signup and view all the flashcards
Assurance (Service Quality)
Assurance (Service Quality)
Signup and view all the flashcards
Responsiveness (Service Quality)
Responsiveness (Service Quality)
Signup and view all the flashcards
Service Reliability
Service Reliability
Signup and view all the flashcards
Empathy (Service Quality)
Empathy (Service Quality)
Signup and view all the flashcards
Global Competitiveness
Global Competitiveness
Signup and view all the flashcards
Quality & Competitiveness Link
Quality & Competitiveness Link
Signup and view all the flashcards
Employee Success
Employee Success
Signup and view all the flashcards
Cost of Poor Quality
Cost of Poor Quality
Signup and view all the flashcards
Competitiveness
Competitiveness
Signup and view all the flashcards
Impact of Competitiveness on Quality of Life
Impact of Competitiveness on Quality of Life
Signup and view all the flashcards
Economic Growth
Economic Growth
Signup and view all the flashcards
Innovation and Technology
Innovation and Technology
Signup and view all the flashcards
Factors Inhibiting Competitiveness
Factors Inhibiting Competitiveness
Signup and view all the flashcards
Short-Term Focus
Short-Term Focus
Signup and view all the flashcards
Study Notes
- Quality is the degree of excellence or superiority of something, meeting expectations and standards.
- A high-quality product is durable, reliable, and performs well, whereas a low-quality product may break easily or not work as expected.
Dimensions of Product Quality
- Performance consists of the primary operating characteristics of a product.
- Features are added characteristics that boost the attraction of the product or service to the user.
- Reliability refers to the likelihood that a product will not fail within a specific time period.
- Failure rate measures the frequency with which a component fails, expressed in failures per unit of time.
- Conformance indicates to what extent a product design and operating characteristics meet established standards.
- Durability assesses how much use a person gets from a product before replacement is needed instead of repair.
Types of Durability Testing:
- Vibration testing assesses a product's durability by exposing it to vibrations.
- Shock testing replicates events to determine if a structure can withstand sudden applied forces.
- Climate testing evaluates how materials deteriorate over time due to temperature extremes.
- Serviceability involves customer ease of obtaining repair service, like access to service centers or self-service.
- Aesthetics covers how a product looks, feels, sounds, tastes, or smells, reflecting personal judgment and individual preferences.
- Perceived quality is an individual's subjective appraisal of a product's attributes, used for comparing brands.
Dimensions of Service Quality
- Service is described as an experience felt by the customer.
- Tangibles refer to the environment in which the service is rendered to customers.
- Assurance is defined as employees' knowledge, courtesy, and ability to inspire trust and confidence.
- Responsiveness is the willingness to help customers and provide prompt service, emphasizing attentiveness to customer requests.
- Service Reliability is the ability to perform the promised service dependably and accurately.
- Empathy refers to the caring attitude that an organization provides toward customers.
Global Competitiveness
- Global competitiveness is a country's ability to create and sustain an advantage in the global marketplace.
- Productivity measures how efficiently a country uses its resources.
- Innovation is the ability to develop new ideas and technology.
- Infrastructure refers to the quality of a country's transportation, communication, and energy systems.
- Education and skills reflect the quality of a country's workforce.
- Business Environment describes the ease of doing business in a country.
- Global Policies are those that support economic growth and competitiveness.
Quality and Global Competitiveness
- Companies now compete globally and must produce world-class quality products to compete.
- The focus is on achieving "best cost" and "best quality."
- Quality and competitiveness are closely linked; high-quality products or services help a company stand out, attract customers, increase sales/market share and boost competitiveness.
- This leads to job security, better pay, and growth opportunities.
- Success boosts employee satisfaction and financial benefits.
- Poor quality includes wasted materials, rework, customer complaints, and lost sales, negatively effecting competitiveness.
Impact of Competitiveness on Quality of Life
- Competitiveness directly impacts citizens' quality of life.
- Economic Growth is impacted because a competitive country attracts investments/businesses, creating more jobs and opportunities.
- Innovation and Technology is effected through a competitive environment, which encourages businesses to innovate and adopt new technologies.
- Government Investment enables a state to invest in education, infrastructure, and healthcare, which benefits citizens directly via services and opportunities.
- Social Well-being is prioritized in a competitive country, ensuring access to education, healthcare, and social safety nets.
Factors Inhibiting Competitiveness
- High costs, like excessive healthcare, expensive litigation, and regulations, can make businesses less competitive.
- A short-term focus, where companies prioritize short-term profits over long-term investments, can cause them to fall behind.
- Lack of government support in infrastructure, education, and R&D can hinder global competitiveness.
- Corruption, bribery, nepotism, and lack of transparency can discourage foreign investment.
- Lack of parental support for education and low expectations can negatively impact children's academic achievement.
- Limited access to quality childcare can affect parents' ability to work and contribute to the economy.
- Social and cultural barriers like discrimination, prejudice, and lack of opportunities limit potential and hinder competitiveness.
- Inadequate education systems can mean graduates lack the skills and knowledge needed for a competitive global economy.
- Limited access to higher education restricts the availability of high costs, limited scholarships, and insufficient university capacity.
- Lack of focus on STEM fields can lead to a shortage of skilled workers.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Explore product quality through its key dimensions: performance, features, reliability, conformance, and durability. Learn about durability testing, including vibration tests. Understand how these elements contribute to a product's overall excellence and longevity.