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tekilochka [14]
4 years ago
8

Describe 3 benefits to an organisation of producing high quality products

Business
2 answers:
adell [148]4 years ago
7 0

place product and price

Alina [70]4 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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Answer:

D. global communication and transportation technologies, a global knowledge base, and global social norms.

Explanation:

Global business management process involves identifying, analyzing and planning a business at the international level.

General cultural factors driving global business are global communication and transportation technologies, a global knowledge base, and global social norms.

When starting up a business with the intention to break into the global market successfully, it is important and necessary to ensure the cultural factors driving a business are well managed.

The business should ensure it creates a medium for effective communication by using both the traditional and digital media such as television, radio, billboards, blogs etc. Efficient means of transportation or logistics should be developed for smooth export of their goods and services.

Also, having a well informed knowledge of their niche is key to the success of the business.

Lastly, the business should abide with the global social norms.

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What is the first step in the new product development process?
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What item(s) are tax deductible for consumers who are buying or renting a home?
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Hence from the above we can conclude that the correct option is B.

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