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Product Quality as a Definitive Factor of Enterprise Competitiveness
Kuzoma V. V., Pavliuk S. I.

Kuzoma, Vitalii V., and Pavliuk, Svitlana I. (2020) “Product Quality as a Definitive Factor of Enterprise Competitiveness.” Business Inform 12:252–258.
https://doi.org/10.32983/2222-4459-2020-12-252-258

Section: Economics of Enterprise

UDC 006.063:334.7.009.12

Abstract:
The article considers topical issues regarding the impact of products (goods) quality on the formation of a sufficient level of competitiveness of enterprise. Views on the conceptual and categorical apparatus related to "competitiveness", "product competitiveness" and "quality" are generalized, including foreign experience. The purpose of this article is consideration and analysis of the impact of product quality on the formation of the competitiveness of enterprise and the achievement of its appropriate level in modern market economy. The essence of the concept of "product quality" from the point of view of the manufacturer is highlighted. The interdependence between product quality and ensuring the appropriate level of enterprise competitiveness is shown. The main advantages of improving product quality as a factor of competitiveness of products and the enterprise as a whole are given. The main attention is paid to quality as a factor in the formation of consumer confidence, technology "word of mouth", the importance of aesthetic indicators of products (goods). It is determined that the high quality of products (goods) provides greater return on investment and insufficient level of quality at the initial stage is a positive factor in the development of an enterprise. The main ways to improve product quality and product competitiveness are proposed. It is determined that the quality of products (goods) is influenced by a number of different factors, both internal and external (production technology, pricing policy, efficiency of product quality management system, the level of competition in the market, consumer requirements, etc.). Product competitiveness and enterprise competitiveness are correlated as part and whole. The main measures to improve the quality of products (goods), we see: the formation of consumer confidence and communication, the use of technology "word of mouth", the importance of aesthetic indicators in product or goods development, and development of competitive strategy based on marketing research of competitors, consumers, and the market as a whole.

Keywords: enterprise competitiveness, product competitiveness, product quality, consumers, communications.

Fig.: 1. Tabl.: 1. Bibl.: 13.

Kuzoma Vitalii V. – Candidate of Sciences (Economics), Associate Professor, Dean, Faculty of Retraining and Advanced Training, Mykolayiv National Agrarian University (9 Heorhiia Honhadze Str., Mykolaiv, 54020, Ukraine)
Email: [email protected]
Pavliuk Svitlana I. – Candidate of Sciences (Economics), Senior Lecturer, Department of Hotel and Restaurant Business and Business Organization, Mykolayiv National Agrarian University (9 Heorhiia Honhadze Str., Mykolaiv, 54020, Ukraine)
Email: [email protected]

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