Originally Posted By: edwardh1
Originally Posted By: nfs480
We're in a world economy now, this thinking is out of date. We have to learn to compete or we're screwed, because there's no way to go back.
Usually the words China and Quality are not used together.
I never used the words China and Quality together. Also, if there's one thing i've learned from Cost Accounting and Marketing, it's that quality isn't everything. Some firms are successful competing on Product Differentiation and others are successful competing on Cost Leadership. Currently China is competing using a strategy of cost leadership and it's been paying off for them.