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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.

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Suppose nominal GDP in the base year was $380 million. Five years later, nominal GDP was $480 billion and the GDP price index wa

Ostrovityanka [42]

Answer: increased by $20 billion

Explanation:

Real GDP is year of interest is:

= (Nominal GDP in year of interest/ GDP Price index in year of interest) * 100

= 480/120 * 100

= $400 billion

Nominal GDP is equal to Real GDP in base year so increase in real GDP is:

= 400 - 380

= $20 billion

6 0

3 years ago

(c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mar

AysviL [449]

Answer:

Customer and Product Margin under Activity-based Costing and Traditional Costing

True Statements:

1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.

2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.

Explanation:

Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs. In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders. Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.

Product Margin is the profit margin generated per product. It is the markup on the cost of the product. It shows the difference in amount between the selling price and the manufacturing cost. Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.

6 0

3 years ago

According to the Techstar’s video describing entrepreneurial journeys, and their efforts to support entrepreneurship, what is th

chubhunter [2.5K]

Answer:

Champion

Explanation:

According to Techstars, the final stage of an entrepreneur's journey is champion. This represents start-ups that have a chieved great success like Google, and they are championing the enterpreneur's journey by working with enterpreneurs at earlier stages.

The initial stages of enterpreneur's journey is: inspire, discovery, founder, startup, scale, and finally champion.

5 0

3 years ago

The college majors that lead to the highest median earnings for both men and women tend to be those that

Burka [1]

Question 30.... are more quantitative and analytical.
The study about High-Paying, In Demand Job Skills, of a global media leading company will lead you to a conclusion that quantitative and analytical traits of an employee is more important than an employee who is computer literate and good at foreign languages. These traits are helpful in any field.

4 0

3 years ago

Dee's made two announcements concerning its common stock today. First, the company announced that the next annual dividend will

amid [387]

Answer:

The value of the stock at the given discount rate is $9.5

Explanation:

Here, we are interested in calculating the value of the stock at the given discount rate.

To do this, we employ a mathematical formula;

Value of the stock = Expected dividend ÷ (discount rate-growth rate)

According to the question, we identify the following;

Expected dividend = $1.58

Growth rate(negative) = -1.15% = -1.15/100 = -0.0115

Discount rate = 15.5% = 15.5/100 = 0.155

Plugging these values into the equation, we have;

Value of the stock = 1.58 ÷ (0.155 - (-0.0115)

Value of the stock = 1.58/(0.155 + 0.0115)

Value of the stock = 1.58/0.1665 = $9.5

5 0

3 years ago