https://pmstudycircle.com/2012/04/grade-versus-quality-definitions-and-difference-between-them/
That explanation may help you to understand the difference. As they say -
These are very interesting concepts; however, many times people don’t understand the difference between them. It is not because this concept is difficult to understand, but because they ignore it and never pay attention to the details.
Ann: Olaroz lithium facility update, page-134
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