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product quality

  1. Starmix

    The Connection Between Profit-Seeking and Product Quality

    Profit-seeking, when pursued ethically, can motivate businesses to improve product quality as a competitive advantage. In competitive markets, businesses often prioritize product improvements to differentiate themselves, attract consumers, and justify higher prices. For example, brands in the...
  2. Starmix

    The connection between profit-seeking and product quality

    Profit-seeking is a fundamental objective of businesses in a competitive economy. However, the pursuit of maximum profits often sparks debates on its impact on product quality. While profit incentives can drive innovation and improvements in goods, a short-term focus on profit maximization can...
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