1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oksano4ka [1.4K]
4 years ago
9

Explain the following statement in your own words: "Increasing productivity and also quality will result in increased capacity,

Why?"
Business
1 answer:
WARRIOR [948]4 years ago
8 0

Answer:

Increased productivity and quality leads to consumer trust relationship that results in increase in demand and increase in the production capacity to meet the demands.

Explanation:

First when a company increases its productivity with commensurate increase in the quality of the goods produced or manufactured. The direct effect is that  the consumer base of the goods increase. In other words, consumers exhibit a level of confidence in the quality of the goods, they are attracted to patronize the company and since there is increased productivity, the company is able to meet the needs of its increasing consumers.

Furthermore, once the consumers are attracted and the company is able to meet demands, more consumers are also eager to join in purchasing the product, hence, the company is then required to increase its production capacity to meet the demands of its ever increasing customers.

<u>Why?</u>

The ability of a company to produce consistently quality goods and also meet the demands of its customers lead to a trust relationship between the customers and the manufacturer and such a relationship provides a solid platform for a continuous increase in consumer base that will warrant an increase in production capacity to accommodate more demands.

You might be interested in
2. Think of a real or made up but realistic example of a speculative risk that you or someone you know may face, and then answer
Advocard [28]

Answer:

See explanation section

Explanation:

a) Implementing an urban planning project is an example of speculative risk. There is a huge uncertainty before implementing a project as well as after its implementation regarding its gross outcomes. Projects of any type can completely fail. But there are some cases that they succeed; they may spawn some positive outcomes for a specific community. In any project, there is always a probability of both gain and loss.

b) There are a lot of possible adverse outcomes of this type of risk. Maybe the project is not running sustainably. The ground condition may not be suitable afterward, but inclement weather can reduce the desired project utilitarian. It can attribute an adverse impact on the present environment. Assume that the budget cross before the implementation of that project. Finally, these sorts of adverse outcomes may result in the project’s failure.

c) Project risk can also beget some positive outcomes. In this type of threat, after implementation of that project, it may run sustainably. The ground and atmospheric conditions may appear suitable for this specific project. The approved budget may consider sufficient for the project implementation. That is how; these sorts of positive outcomes may result in the project’s success.

d) These types of risks, both positive and negative, may create unexpected expenses. If we think about the real risks, to manage these risks, we should exploit, share and enhance the specific risk, And in case of managing the harmful risks, we should transfer into a better resource-based project or try to mitigate the negative impacts of the project. Both of these efforts can be considered as unexpected expenses.

e) To protect myself against the real risks, I’ll exploit the specific risk. Because operating the risk is about increasing the chances of positive effects, the risk may have on the project. But if it is about the detrimental risks, I’ll try to avoid the risks by doing some activities like delegating tasks, changing the deadline, and increasing the human resources of the project team.

5 0
3 years ago
The average cost associated with each additional dollar of financing for investment projects is:_________
Roman55 [17]

Answer:

c) the marginal cost of capital

Explanation:

The cost which a company bears to add one dollar / unit of capital is called marginal cost. We know that the company raise funds through different sources which can be debt from banks and stocks (common and preferred). This process of raising capital involves a cost which is termed as marginal cost of capital or the cost required to raise an additional unit of capital.

7 0
3 years ago
A product's ________ identifies the product or brand, describes several things about the product, and promotes the brand.
SCORPION-xisa [38]

Answer: label

Explanation:

Product labels are the piece of material

that are being attached to a product in order for easy identification by consumers in order to know the brand and also to know the contents.

A product's label identifies the product or brand, describes several things about the product, and promotes the brand.

6 0
3 years ago
On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it
OLga [1]

Answer:

See explanation below

Explanation:

The following will be selected in excel via the drop-down menus.

Dr; Account name = Bad debt expense/Dad debt written off $ 1200

Cr; Account name = Accounts Receivable $ 1200

The company uses the direct write-off method thus these will be the journal entries.

4 0
3 years ago
Technical skills: A. help you understand the potential and the limitations of information technology. B. help you work with end
Lera25 [3.4K]

Answer:  A. help you understand the potential and the limitations of information technology

Explanation: Helping you understand some, if not all of the potential and limitations of information technology is among the usefulness of technical skills which are skills, abilities, knowledge or expertise that are needed to perform complex tasks, processes or actions that are computational, mechanical, scientific or relating to information technology. Examples include the knowledge of programming languages, mechanical tools, design programs etc.

3 0
3 years ago
Other questions:
  • A funding source that makes it easier for entrepreneurs to get money with favorable terms is referred to as:
    5·1 answer
  • At the __________ level of decision making, functional managers focus on monitoring and controlling operational-level activities
    10·1 answer
  • Aaron is an administrative manager at EMC Insurance. His job includes updating the company website every morning to include the
    13·2 answers
  • If you put $700 in a savings account at an interest rate of 3 percent, how much money will you have in one year?
    9·1 answer
  • In which method of sales compensation is salespersons pay totally determined as a percentage of sales?
    11·1 answer
  • The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale
    7·1 answer
  • Mullen Company purchased a new machine costing $55,200 on January 1, 2017. The machine is expected to have a $3,600 salvage valu
    15·1 answer
  • Periods 10% 11% 12% 13% 14% 1 0.909 0.901 0.893 0.885 0.877 2 1.736 1.713 1.690 1.668 1.647 3 2.487 2.444 2.402 2.361 2.322 4 3.
    9·1 answer
  • g If James's marginal and average costs is $8, and his firm is in a perfectly competitive industry, James's price is $_____ less
    9·1 answer
  • According to the standard cost card, each helmet should require 0.52 kilograms of plastic, at a cost of $8.00 per kilogram. Requ
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!