Analysis of the Profitability of an SME from the Perspective of Quality Management

Mircea Raul Bogdan ()
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Mircea Raul Bogdan: Polytechnical University of Timisoara, Romania

Valahian Journal of Economic Studies, 2022, vol. 13, issue 2, 93-100

Abstract: Profitability can be defined as the positive result obtained by an entity that operates for profit, through the efficient use of material, financial and human resources, in a way that allows it to carry out the activity in optimal conditions for financiers, employees and business partners but mainly to ensure its future performance. There is a direct correlation between the level of performance of economic entities in an economy and its well-being. The stable long-term profitability recognizes an economic entity’s value through performance and efficiency. This paper aims to study the role of quality management in obtaining profitability. In this sense, we conducted a study in a company in Arad, and we calculated specific efficiency indicators from the quality perspective.

Keywords: quality costs; profitability; economic efficiency; quality management; production; improvement (search for similar items in EconPapers)
JEL-codes: D22 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:13:y:2022:i:2:p:93-100:n:5

DOI: 10.2478/vjes-2022-0019

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