ISO and Total Quality Management

Authors

  • Nino Papachashvili TSU

Abstract

High prices are associated with high quality in the eyes of consumers, and often firms, despite reducing costs, do not reduce prices, thereby indicating: "We are better than our competitors." Such a strategy is called a differentiation strategy. Despite the above, studies confirm that consumers prefer high-quality and low-cost products. That is, if we buy the desired product cheaper than the prices on the market, we get a feeling of inner satisfaction, although what one person considers high-quality is completely unsuitable for another, only partially satisfies the third, etc.
Are they arguing about quality? What is quality anyway, and who forces manufacturers to supply quality products to the market?

Author Biography

Nino Papachashvili, TSU

Doctor of Economics, Professor

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Published

2008-07-31

How to Cite

Papachashvili, N. . (2008). ISO and Total Quality Management. Business and Legislation, 1(5), 104–106. Retrieved from https://ojs.b-k.ge/index.php/bk/article/view/634