quality

(redirected from quality of life)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

Quality

The state of being superior to something else. For example, a good is high quality if it is more durable, tastes better, looks more appealing or is otherwise generally better than similar goods. High quality is an important aspect for many goods because it may increase sales. Most companies seek to have or make high quality products because doing so promotes repeat business. On the other hand, some companies sell low quality goods for very low prices and rely on high volume. See also: Quality control.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

quality

the totality of the attributes of a good or service which meet the requirements of BUYERS or customers. The materials which make up the product, the design and engineering of the product, product performance, reliability and durability are all important characteristics of the ‘quality package’, which ultimately influence customers to buy a product and repeat-purchase it.

Firms seek to ‘assure’ customers of the quality of their products by offering GUARANTEES/WARRANTIES covering the repair or replacement of defective items, and also subscribe to quality standards laid down by their trade associations or national/international authorities (e.g. the European Union quality standard – CE).

Product quality is an important source of PRODUCT DIFFERENTIATION, enabling firms to establish BRAND LOYALTY and COMPETITIVE ADVANTAGE over rival suppliers. See QUALITY ASSURANCE, JIDOKA, KAIZAN, HOSHIN, PRODUCT ATTRIBUTES, TOTAL QUALITY MANAGEMENT, QUALITY CONTROL, BRITISH STANDARDS INSTITUTION, BS5750, INTERNATIONAL STANDARDIZATION ORGANIZATION, ISO 9000, BALDRIDGE AWARD, EUROPEAN FOUNDATION FOR QUALITY MANAGEMENT.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

quality

the totality of the attributes of a good or service that meets the requirements of buyers or customers. The materials that make up the product, its design and engineering, product performance and reliability are all important characteristics of the ‘quality package’ that ultimately influences customers to buy a product and repeat-purchase it.

Firms seek to ‘assure’ customers of the quality of their products by offering guarantees/warranties covering the repair or replacement of defective items and also subscribe to quality standards laid down by their trade associations or national/ international authorities (e.g. the EUROPEAN UNION's quality standard ‘C₠‘).

Product quality is an important source of PRODUCT DIFFERENTIATION, enabling firms to establish BRAND LOYALTY and COMPETITIVE ADVANTAGE over rival suppliers. See QUALITY CONTROL, ZERO DEFECTS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The quality of life indicators were selected based on last year's results, and focus on areas such as housing, jobs and earning, household income and wealth, health, education and skills, personal safety and security, social connection, civic engagement and governance, quality of environment, well-being, work-life balance.
Correlation coefficients were computed between the four domains and the two stand-alone questions on overall quality of life and satisfaction with health.
Psychological wellbeing and quality of life are closely associated and at older ages, this link becomes more important due to the prevalence of illness (Gul and Dawood, 2015).
Except for the social domain, participants with less than two years of duration of illness, experienced the worst quality of life in all other domains.16 The high score in the social support domain could be influenced by spiritual beliefs which also have shown high scores.
The purpose behind conducting the present study was to explore relationship between social-acceptance (SA) and quality of life (QoL) among orthopedically disabled students from inclusive and special institutions.
Studies indicate that patients with both clinically apparent and clinically imperceptible hair loss may have significantly decreased quality of life (QoL).
This is further backed up by countries that achieved low ratings for quality of life indicators, such as the US and Israel, which had the highest levels of inequality in the OECD.
To find out the relationship between social support, locus of control, quality of life and depression among migraine patients.
The individual fitness participants saw no significant changes in any measure, other than in mental quality of life (11%).
They obtained a comprehensive picture of the participants' symptoms and quality of life by having them complete the Penn State Worry Questionnaire, the Mood and Anxiety Symptoms Questionnaire, the Depression Anxiety Stress Scale, and the World Health Organization Quality of Life--Brief Version.
Accordingly, years ago, Mercer, a leading human resources consulting firm, created a comprehensive annual survey that measures the quality of life in cities around the world.

Full browser ?