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3 years ago

Describe 3 benefits to an organisation of producing high quality products

Business

2 answers:

adell [148]3 years ago

7 0

place product and price

Alina [70]3 years ago

5 0

1. Customer satisfaction increases as customers would be willing to buy the firm's products due to high quality and therefore this results in less or no customer complaints increasing brand loyalty for the business.

2. Competitive advantage achieved. This is where a firm is best at producing a product better than its rivals. When a business produced high quality products customers would choose to buy the firms products over competitors no matter how much the price is set at, as quality matters when purchasing goods.

3. Increased sales as customers look out to buy products which reliable and durable long lasting to be used thereby increasing profit margins for the business.

You might be interested in

why might a company decide to outsource (i.e., buy) a product that they currently make in their company-owned operations?

mestny [16]

Companies outsource to save costs or improve the value of their goods. There are several options when deciding whether to outsource a business' operations or production.

The use of outsourcing has increased as a way for businesses to cut expenses and concentrate on what they do best. A business precise known as outsourcing involves a corporation hiring a third party to carry out duties, manage operations, or offer services on their behalf.

Reduce and manage operating expenses. Enhance the company's focus. liberate internal resources for fresh endeavors. Increase output for some time-consuming tasks for which the organization may lack the resources.

The finest examples of outsourcing include website creation, office and warehouse cleaning, and advertising.

To learn more about outsourcing

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3 0

1 year ago

One of juran's ten steps to quality improvement states that:

daser333 [38]

Answer:

an organization should build awareness of the need and opportunity for improvement.

Explanation:

Juran’s 10 steps to quality improvement are:

Build awareness of opportunity to improve.

Set-goals for improvement.

Organize to reach goals.

Provide training

Carryout projects to solve problems.

Report progress.

Give recognition.

Communicate results.

Keep score.

Maintain momentum by making annual improvement part of the regular systems and processes of the company

6 0

3 years ago

David owns a liquor store in a high-crime area. In order to obtain a reduced insurance premium, David promised to have a burglar

OverLord2011 [107]

Answer:A

Explanation:

6 0

3 years ago

Concord Corporation developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-va

scZoUnD [109]

Answer:

the value of the inventory reported is $280,000

Explanation:

The computation of the inventory reported on the balance sheet is shown below:

As we know that the inventory should be recorded at lower cost of cost or market value. So here the same is applied

= Lower amount of market A + Lower amount of market B + Lower amount of market C

= $91,000 + $61,000 + $128,000

= $280,000

hence, the value of the inventory reported is $280,000

3 0

3 years ago

Dylan Industries employs 50 workers. Blue collar workers are paid $600 per week, and white collar workers are paid $1000 per wee

katrin2010 [14]

Answer:

Explanation:

Provided that there are two categories of workers:

Blue Collar and white collar

Rate of blue collar = $600 per week

Rate of white collar = $1,000 per week

Total workers = 50

Let us assume that blue collar workers = y

Then,

y $\times$ $600 + (50 - y) $\times$ $1,000 = $42,000

600y + $50,000 - 1,000y = $42,000

$50,000 - $42,000 = 1,000y - 600y

$8,000 = 400y

$8,000/400 = y

20 = y

That means 20 blue collar workers

White collar workers = 50 - y = 50 - 20 = 30

7 0

3 years ago