Quality Ladder

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Quality Ladder

The practice in which a company gradually improves the quality of its products over time. For example, a company may make cheap, threadbare socks that are unlikely to last more than a few weeks. As it sells more socks, however, it may improve the quality such that it eventually makes warm, wool socks that keep feet warm no matter what the weather. It may be able to charge a higher price for the new socks. Quality ladders are associated with companies in developing nations.
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Always known for its lightweight, quiet, and user-friendly climbers with comfortable net seats, Ol' Man has added quality ladders, hang-ons, and tripods to its 2009 lineup.
There is still a lot of poor standard equipment out there and we will do everything it takes to educate people and get rid of poor quality ladders from workplaces.
Although this analysis should not be considered as a formal empirical test of Grossman and Helpman (1991), the approach of this paper is influenced by their quality ladders concept in economic growth.
These observations are in conjunction with the quality ladders in economic growth theory of Grossman and Helpman (1991).
Aiginger (1998) argues that as a country's output structure moves up the quality ladder, this is reflected in an increase in the unit value of that country's aggregate exports of manufactures.
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