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I think you can define quality by a product delivering what you were looking for at a reasonable price and/or a product fulfilling a need amply at an affordable price.
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Quality is excelling expectation
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Most people would quickly say that quality has nothing to do with either price or expectation. (And the word "amply" begs the question...it's like saying, "quality does the job good")
As I said, everybody assumes they know what quality is, but nobody has ever defined it to anybody's satisfaction...that's what flipped Prisig's character out and it's still a challenge that people rush out to answer, but the more you think about it the more it messes up up.