Chance:
- In English, "chance" is neither negative nor positive, but is understood to mean that the results could go either way.
- There is no other word in English that can express the negative meaning of chance, but "mischance" can be used to express a negative outcome.
Product Quality:
- Product quality can be defined differently by each consumer.
- The higher-quality product a company has to offer, the better chance theyll have at driving positive reviews, recommendations, and shares.
- Determining what makes a quality product depends on the end user.
- The food label provides information about the product, including what the food is, manufacturers details, nutrition information, ingredients, weights, and more.
- If an ingredient makes up less than 5% of the food, it does not have to be listed. Likewise, any compound ingredients that make up less than 5% of the product can just be listed as the compound ingredient rather than all of its own ingredients.
- Quality is more than making a good product. In developing product quality programs, companies often fail to take into account how customers define quality and why.
- Nondurables generally displayed a weak or negative correlation between price and quality.
- Price can be a quality signal, but it is only the tip of the iceberg.
