product performance

Product performanceclick for a larger image
Fig. 160 Product performance. An improvement in product quality from OQ1 to OQ2 can allow the firm producing the product to charge a higher price to reflect this improvement, increasing price from OP1 to OP2. If price is raised by only P1 P2, which is less than proportionate to the increase in product quality Q1Q2 (as in the figure), then the consumer receives a net benefit from product improvement.

product performance

an aspect of MARKET PERFORMANCE that denotes the quality and performance of existing products and firms’ records with respect to the development of new products. The introduction of new products and the qualitative improvement of existing products may enhance consumer welfare by providing consumers with ‘better-value-for-money’ in terms of price/quality trade-offs. See Fig. 160 . See also PRODUCT DIFFERENTIATION, TECHNOLOGICAL PROGRESSIVENESS, INVENTION, INNOVATION, RESEARCH AND DEVELOPMENT, PRODUCT LIFE CYCLE.
References in periodicals archive ?
"With this new recognition, we are further expanding our testing and certification capacities by providing high-quality evaluations of LED product performance and will support to improve how we serve market demand," he said.
Instead of first focusing on product performance, Airbus will be able to co-design and develop the next generation of aircraft with the manufacturing facilities that will produce them, reducing costs and time to market.
In the report, GlobalData defines six buying criteria (namely, product scope, open environment, product performance, major system components, solution breadth, and deployment readiness), with ratings for each defined as leader, very strong, strong, competitive, and vulnerable.
Coupled with the latest technologies, Virtual Prototyping is now anchored in the wider concept of the Product Performance Lifecycle(TM), which addresses the operational performance of a product during its entire lifecycle, from launch to disposal.
The Huawei Mate 10 Series continues its legacy of superior product performance and longlasting battery life, while integrating new Leica Dual-Camera technology.
The HUAWEI Mate 10 Series continues its legacy of superior product performance and long-lasting battery life, while integrating new Leica Dual-Camera technology.
In addition, New Holland also ranked highest for product performance in two key horsepower categories analysed by the J.D.
The Omneo from Siemens PLM Software addresses these challenges by delivering product performance intelligence that includes readily accessible test data.
Successful Prediction of Product Performance: Quality, Reliability, Durability, Safety, Maintainability, Life-Cycle Cost, Profit, and Other Components
The lineup of insoles, sprays and powders features superior product performance and innovation in the area of comfort and odor mitigation, say officials for the Mount Vernon, N.Y.-based company.
Demonstrations, training and technical support are available to assess product performance and identify potential problems.

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