The document discusses different approaches to managing quality in business. It defines quality as meeting customer needs and expectations. Poor quality can result in lost customers and higher costs. There are two main approaches: quality control focuses on inspecting outputs for defects, while quality assurance aims to build quality into processes through techniques like total quality management (TQM). TQM involves the entire workforce in continuous quality improvements and puts the customer at the heart of production. While effective, it also requires substantial investment and strong leadership.