Quality
Characteristic or standard measure of excellence; basic character of something. Quality is a measure of the degree to which something meets a standard [Friedman, p.576].
Quality refers to how good something is compared to other similar things. In other words, its degree of excellence. When used to describe people, it refers to a distinctive characteristic or attribute that they possess. In business, especially manufacturing, it is a measure of excellence. In this context, it can also refer to a state of being defect-free. In business, manufacturing, and engineering, the term has a pragmatic interpretation as the superiority or non-inferiority of something. It also refers to a product as ‘fit for purpose,’ while at the same time satisfying consumer expectations [Market Business News].
What is quality? Definition and examples. Market Business News. Retrieved from: https://marketbusinessnews.com/financial-glossary/quality/