Can the desire for more profits lead to the production of low quality goods?
- Thread starter eldavis
- Start date
Yes, the desire for more profits can lead to the production of low quality goods. Companies may prioritize maximizing profits over producing goods of high quality, leading to the use of cheaper materials or cutting corners in the production process in order to increase profits
Anyone that believes in compromising quality just to make profit has jeopardized his/ her business.
That's a bad idea to compromise on product quality in order to make more profits. Selling low quality product may end up hurting the reputation of your business, affecting the sales of your products and eventually the profits.
Nigeria citizens are in real trouble. The government is super corrupt and the masses are doing all sorts of things to survive. Ritual killing here and there, insecurity and inflation bombarding us from left and right. Upon all these, Nigerians are collecting peanuts to rig elections.
I'm not sure if it is going to be very credible for you to put in a lot of low quality products on consumers and be able to make more profit from it because they will eventually find out and stop buying such product.
Yes, the desire to get more profits, if not balanced with other appropriate ways to reduce production costs will reduce product quality. Unless you find raw materials that are cheaper but of the same quality, or find cheaper goods delivery services with the same quality, or other reasons that can reduce production costs without having to reduce the standards that have been made.
It is not always the case. It all depends on intention of the seller or the producer or manufacturer. But if they would produce more low quality goods, that will let their consumers not to patronize anymore whatever items they are producing, thus it will also leads to loses of profits.
There is what we call normal profits. There is what we also call abnormal profits. It is the desire for abnormal profits that would lead you to do dubious things to get more money. It would run down the business in the long run.
I have seen many businessman those who want to be rich within few months. So they usually use low quality goods for their customers, but sooner or later they understand that the goods are of low quality and they change the shop.
The truth is that if you compromise quality and still sell it as authentic, it would affect your business, your Brand reputation and soon enough, everyone would ghost your products.
For sure authenticity is key in business if youre not genuine people will see through it and you will lose their trust. Id rather invest in creating something truly great than trying to cut corners and risk damaging my brand.
Actually, the major reasons of business people produce low-quality products is their desire to make profit which I don't think it is good. The more you produce low quality products the more people become uninterested in your business.
