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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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Hansel Corporation has requested bids from several architects to design its new corporate headquarters. Frey Architects is one o

Igoryamba

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Frey estimates that the job will require the following direct labor.

Labor Estimated Hours Hourly Rate

Architects 176 $ 300= 52,800

Staff 352 75= 26,400

Clerical 825 20= 16,500

Total direct labor= 95,700

Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $40,000 profit on the architectural job.

1) Total cost= 95,700 + (95700*1.75)= $263,175

2) Bidding price= 263,175 + 40,000= $303,175

If they bid with $298,000 it won't reach $40,000 profit.

3) Bidding price= 263,175 + 40,000= $303,175

7 0

3 years ago

Can regional level employment be converted into national level<br>employment? Why? Why not ?

Rainbow [258]

Answer:

The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.

Explanation:

plz mark me as brilliant plz

6 0

3 years ago

6. Type of insurance that protects a company in case an employee steals from a

Nataly_w [17]

Answer:

A fidelity bond

Explanation:

Fidelity bond or coverage is the kind of insurance which protects the company or its business owner from the theft, fraud by an employee of the company.

This bond will provide guarantee that if the business owner or company suffers any loss because of employee dishonesty, the chosen insurer will share the loss within the limitations stated in the contract.

5 0

3 years ago

Which type of office machine scans each page of a document, translates the information into electronic impulses, and transmits t

Katen [24]

Answer: facsimile. ("fax") A process by which fixed graphic material including pictures, text, or images is scanned and the information converted into electrical signals which are transmitted via telephone to produce a paper copy of the graphics on the receiving fax machine. Some modems can be used to send and receive fax data ...

7 0

3 years ago

Misty Mountain Shop is considering purchasing a new piece of equipment that would be used for 6 years. The cost savings from the

Allisa [31]

Answer:

NPV = $ 87,592.90

Explanation:

Net present value is calculated by taking the Present Day (discounted) value of all future Net Cash Flow based on the Business Cost of Capital and subtracting the Initial cost of the Investment.

<u>Calculation of Net present value (Financial Calculator)</u>

Period and Cash flow

CF0 = ($900,000)

CF1 = $200,000

CF2 = $200,000

CF3 = $200,000

CF4 = $200,000

CF5 = $200,000

CF6 = $300,000

Cost of Capital = 8%

NPV = $ 87,592.90

8 0

3 years ago