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3 years ago

Explain how the costs of poor quality can affect competitiveness.

1 answer:

8 0

The competitiveness of a good usually depends on two key factors: its price, and its quality. While poor quality goods are less competitive from a quality perspective but poor quality goods are usually cheaper to produce resulting to a lower final price. So overall, the lower the cost and the higher the quality the more competitive a good is.

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The primary difference between a change in supply and a change in the quantity supplied is: Select an answer and submit. For key

kipiarov [429]

Answer:

Explanation:

A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.

A change in supply is caused by other factors other than price. Some of these factors include :

A change in the number of suppliers
The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward

3 0

2 years ago

What is journal entry is goods return to sanjay

liq [111]

Two Types of Goods Return:

Purchases Return or Return outward.
Sales Return or Return inward.
Purchases Return Goods

For Examples :

Purchases goods from Mrs. Kuheli Rs. 2000

5 0

2 years ago

Technology is defined as human ________________ in action that involves the generation of knowledge and processes to develop sys

dybincka [34]

Answer:

innovation

Explanation:

Technology is defined as human innovation in action that involves the generation of knowledge and processes to develop systems that solve problems and extend human capabilities.

To innovate is to make changes in something established, especially by introducing new methods, ideas, or products.

7 0

2 years ago

Suad Alwan, the purchasing agent for Dubai Airlines, is interested in determining what he can expect to pay for airplane number

lions [1.4K]

Answer:

Alwan expect to pay for airplane 4= $747818.48

Explanation:

given data

expect to pay airplane = 4

3rd plane produce = 20,000 hours

learning curve = 85%

solution

As here logarithmic approach allow get labor for any unit, TN, as

TN = T1(Nb)

here TN is time for the Nth unit and T1 is hours to produce the first unit

b = (log of the learning rate) ÷ (log 2) = slope of the learning curve

T3 = T1(3log(0.85)÷log2)

so we get

So Alwan expect to pay for airplane 4 = $747818.48

6 0

3 years ago

A firm incurs $400 to manufacture a television. In the market, customers are willing to pay a maximum of $600 for the television

kotykmax [81]

Answer:

D. Economic value created.

Explanation:

The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.

Following is the formula for calculation of economic value created:

Economic Value Created = Value customer willing to pay - Cost of product

Here the television costs $400 to the firm and the customer is willing to pay $600 for the television. So by putting the values we have:

Economic Value Created = $600 - $400 = $200

So the correct option is option D.

5 0

3 years ago