Quality control is a system maintaining standards in manufacturing products by testing a sample of the output against the specification.
Quality control is used to meet or exceed customer requirements and is vital in the manufacturing part of businesses.
Hope this helped :)
Have a great day <span />
Answer: Diversification
Explanation: Diversification strategy involves widening the scope of the organization across different products and market sector. Furthermore, it is used to expand firms operations and productivity by adding markets, products, services, or stages of production to the existing business and the main aim of diversification is to minimize the risk by investing in range of products. It helps in reducing the market volatility.
Answer:
45.83%
Explanation:
The Gross Margin Ratio is a profitability ratio . It compares the gross margin of a business to its net revenue.
The formula for calculating gross profit ratio is
Gross Profit Margin ration = Net Sales− COGS
Net Sales
COGS is the cost of goods sold.
For Megascape board
Net sales= $2.4 million,
COGS =$1.3 million,
gross profit margin ratio = $2.4 - $1.3
$2.4
=$1.1/$2.4 x 100
=45.83%
