Answer:
30%
Explanation:
Material purchasing, handling and storage cost = $ 41,800
Material purchasing percentage:
= Material purchasing, handling and storage cost ÷ Annual materials purchases
= ($41,800 ÷ $836,000
) × 100
= 5%
Target profit margin for both labor and materials = 25%
Material markup per dollar of material:
= Material purchasing percentage + Target profit margin
= 5% + 25%
= 30%
The answer is B. the amount of something consumers want
Answer:
"Total quality management
" is the correct answer.
Explanation:
- TQM seems to be a management philosophy focused mostly on the idea that such a company can achieve long-term performance by making all its participants concentrate on enhancing efficiency and thereby providing customer loyalty, including low-level staff to their highest position representatives.
- This can be accomplished by the incorporation of all roles and processes relating to quality throughout the business.
