Greer decision is linked with the inconsistency of the quality of services.
<u>Explanation:
</u>
The consistency with which the service attributes anticipated for customers are delivered is a reliable measurement of total quality in the service industry. Consistency defines how sometimes you demonstrate and offer your clients the desired service quality.
Consistency of service is always expected by all customers; they want calm and no disagreeable surprises. In manufacturing, performance improvement is accomplished via a technique called statistical control of processes or SPC to minimize system uncertainty or variability.
For example, you can't create a consistent quality of service if you're prompt, correct and polite to certain of your customers, sometimes in all your branches. Therefore to say, good service turns into an error. Credibility will not be lasting or successful.
Answer:
C. the price is below the equilibrium price
Explanation:
Remember, in the law of demand and supply the quantity supplied is dependent on the value of the price of a good.
In this case the price is below the equilibrium price; meaning demand would be higher than the supply which results in the shortage of the good and the company therefore raises the price of the good.
For example, the price of oranges decrease in the equilibrium price (from $10 to $5), resulting in an increase in the demand for oranges.
The increase in demand would lead to shortage, making farmers increase price wanting to supply more.
Answer:
Interest= $90
Explanation:
Giving the following information:
Initial investment= $3,000
i= 3%
Number of periods= 1
<u>First, we need to calculate the future value, using the following formula:</u>
FV= PV*(1+i)^n
FV= 3,000*1.03= $3,090
<u>Now, the interest earned:</u>
Interest= 3,090 - 3,000
Interest= $90
As the output is increased or decreased, these (B) fixed costs remain unchanged.
<h3>
What are fixed costs?</h3>
- Fixed costs, also known as indirect costs or overhead costs in accounting and economics, are corporate expenses that are independent of the volume of goods or services generated by the business.
- They are usually recurrent, such as monthly interest or rent.
- These expenses are frequently capital expenses.
<h3>Explanation -</h3>
- Dependent refers to a variable that changes when other factors change.
- Fixed cost refers to a cost that doesn't change when the number of goods produced increases or decreases.
- Opportunity cost refers to the benefit that you would have received from the option that was not chosen.
- Marginal cost refers to the change in the cost when you produce an additional unit.
- According to this definition and as the statement refers to a cost that doesn't change.
Therefore, as the output is increased or decreased, these (B) fixed costs remain unchanged.
Know more about fixed costs here:
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Complete question:
If a company rents a warehouse, it must pay rent for the warehouse whether it is full of inventory or completely vacant. Other examples include executives' salaries, interest expenses, depreciation, and insurance expenses. As the output is increased or decreased, these _______ costs remain unchanged.
a. dependent
b. fixed
c. opportunity
d. marginal
Answer: (D) Form Utility
Explanation:
The form utility is one of the type of concept that helps in increasing the actual value of the products in the market and in the form utility following example are the type of finished product that the customers are willing to purchase are as follows:
- Electronics products
- Furniture type goods
- Parts of vehicle
According to the given question, the given situation is helps in demonstrating that the electronic commerce plays an important contribution to the consumers value by the creating of the form utility.
Therefore, Option (D) is correct answer.
