It depends on whether you are asking the consumer or the manufacturer this question.
Quality is the most important ingredient. If you have high quality and do the job right the first time cost will be reduced not increased. Concentrating on the qualty of a product or service will gain the recognition needed to prosper.
Today individuals are looking for good quality products and services even if the price is higher than other competitors. People do not mind paying more for a quality product what they do mind is paying a high price for a product with low quality. Quality is an ingredient which will drive costs down while increasing your customer base.As customers increase the cost per unit becomes less with producing more.
This increases profit which helps secure jobs and the company's future.
It depends on many strategic planning before starting the business like:1- The customers you would like to attract. (Is he poor, rich or somewhere in between).2- The product you plan to produce. (Luxury Products for rich people should be high quality).
But commonly as the global economics face many problems like inflation, unemployment, we see that mid & poor levels are gradually expanding, I vote for quantity more (Unfortunately).
I am sorry to use "both" here but I would rather say they have to strike a fair balance between these two. Too good quality implies high cost, low cost may mean cheap quality. Ideally, produce something of a quality superior to those you get from outside but at the same at affordable prices.
Even if the price is higher than from other countries, you will be able to sell only if they are still available to at least middle class people.
I don't think higher quality goods would keep people from buying foreign goods. It seems like people are more concerned with the price. I'm not sure, with our labor laws, that America could produce quality products that could compete with foreign prices.
Increasing the quality will make the prices even higher, and could make sales drop. I don't know that there is a solution, unless it would be to put high tariffs on imported goods, making it cheaper for us to by domestic products. I'm not a business major, though, I really don't know.
:).
You do need to focus on striking the right balance between quality and quantity, and that depends on the type of product you are manufacturing and the markets you serve. The real differentiator could be the value (or perceived value) of your product as perceived by the customer. In this situation it could be possible to apply a little innovation, building in additional features to the product so that your customer believes the additional cost to be worth it.
One other important factor is automation as an automated production line has the same labor cost no matter which country it is in. There are lots of answers to this question but I think the main point is to maybe look at the issues of product design, production methods, support, suppliers, branding, marketing etc. From every possible prespective and then make them all work together.
One thing that every manufacturing plant manager is going to be aware of is the quality of their products and the quantity of their products. The reason that they are going to be aware of both the quality and the quantity of their products is that what the company is producing is how they are making their profits, basically the quality and quantity of the products is the company's bottom line it is what can make or break the manufacturing company. So every manufacturing company is going to do what ever it takes to improve both their quality and quantity at the same time.
The reason for this is that if they improve their quality they are not going to be wasting as much money on failed productions but at the same time they are also going to be making a better product which will in turn please their customers. But by improving the quantity of products the company is going to be able to sell more products which in turn will led to increased profits, but the only way that they are going to be able to improve the amount of product they are manufacturing is to cut down on waste and to improve their manufacturing process all around. And the best way to go about improving both quality and quantity at the same time is to implement lean manufacturing.
Here are some of the things that you are going to need to do to implement lean manufacturing to improve both quality and quantity at the same time. The first thing that you are going to need to do is to make sure that your upper management or senior management is onboard and are willing to practice what they are preaching. Employees most often learn by example and nobody sets more of an example than your upper management, so in order to implement lean manufacturing it must started from the top and work its way down.
The next thing that you are going to need to do is to pick a project leader. Keep in mind when picking the project leader you are going to want to pick somebody who gets along well with others, is well liked and respected by their employees, not to mention somebody who has a persuasive personality.
Quality is by far the most important consideration for a manufacturer when competing with cheap labor. Quality establishes the market for an item. As customers discover the value of the quality, more and more people (sales) occur.
As sales increase the manuacturer begins to look at ways to reduce costs to increase profits yet continue to maintain the product quality customers expect. New products can then be created and added to the manufacturer line to further build sales and profits.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.