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.

You might be interested in

An executive who prioritizes the organization's mission and the needs and goals of subordinates, rather than ego gratification a

julsineya [31]

The executive is exhibiting a mission-driven leadership characteristic.

6 0

3 years ago

Read 2 more answers

The Polaris Company uses a job-order costing system. The following data relate to October, the first month of the company’s fisc

adelina 88 [10]

Answer:

tru

Explanation:

4 0

3 years ago

"Albert applied for a consumer durables loan at Horizon Bank and had to provide his personal information in the loan application

ira [324]

Answer: c. legal but unethical

Explanation:

With John being in charge of the loan application when Albert came to apply, John had access to Albert's information.

John then used this information which he had LEGAL access to, to recommend a bank product to Albert.

This is legal but UNETHICAL because Albert did not know that any information he gave will be used for a reason different from his application for a loan.

4 0

3 years ago

When diversified firms use the revenues from profitable businesses to subsidize the operations of another business and then set

Over [174]

Answer:

<u>Predatory</u>.

Explanation:

This predatory pricing strategy is used when a company aims to create entry barriers for new competitors, significantly lower the price to gain new customers and drive competitors away. The cons of this strategy is that in addition to being illegal, lost revenue is not always recovered, and there are other factors that drive competitors away, not just price.

7 0

3 years ago

An investor has her money segregated into checking, savings, and investments. The allocation among the categories is subjective,

77julia77 [94]

Answer:

An investor has her money segregated into checking, savings, and investments. The allocation among the categories is subjective, yet the investor spends freely from the checking account and not the others. This behavior can be explained as _______________.

Mental accounting

Explanation:

Mental accounting is the concept with which the management sciences explain the mental processes in which people perform categorization, evaluation, and coding of economics. It was proposed by Richard Thaler and suggests that people can perform it with easiness when they manage the accounting of their finance in their minds.

5 0

3 years ago