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Is cost often a function of the market requirements

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To many people, high quality is synonymous with high price or high cost. Pick two functionally similar products that compete in very different markets and discuss the relative quality of each. One such example is a Toyota Corolla and a Rolls Royce. Is cost often a function of the market requirements, and can high quality be achieved at any cost point? Why or why not?

Reference no: EM131110067

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