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3 years ago

Describe the key stages in integrating total quality management into the strategy of an international petrochemical company

Business

1 answer:

Julli [10]3 years ago

8 0

Answer:

Total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work.

Explanation:

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PlastiPharm produces a foundational product that sits on a shelf until it is needed and added to another product. In reviewing t

Alexxx [7]

PlastiPharm would want to perform the additional testing because:

The additional testing helps the company as it strives for perfection in its products and helps avoid future problems by reducing waste (defective parts). (Option C)

Testing all the parts addresses any questions that customers might have about quality or performance of materials. (Option D)

<h3>Why do manufacturers carry out testing?</h3>

Rigorous testing is usually carried out by companies to ensure that defects and hazards are detected before the products are sent out into the market.

This way, their liability from product defects is reduced or eliminated completely.

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8 0

2 years ago

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed lon

Gwar [14]

Answer:

$1,311,000

Explanation:

The computation of the operating cash flow is shown below:

As we know that

Operating cash flow = Cash flow from assets + capital spending - change in net working capital

where,

Cashflow from Assets = Cashflow to Creditors + Cashflow to Stakeholders

Cashflow to Creditors = Interest paid - Change in long term debt

= $140,000 - ($2,950,000 - $2,700,000)

= -$110,000

Now

Cashflow to Stakeholders

= Dividends paid - New issuance of the equity

= $500,000 - (($500,000 + $3,500,000) - ($460,000 + $3,200,000))

= $160,000

So,

Cashflow from Assets is

= -$110,000 + $160,000

= $50,000

Now

Operating cashflow is

= $50,000 + $1,320,000 + (-$59,000)

= $1,311,000

7 0

3 years ago

PLEASE HELP!!! ONLY GOOD ANSWERS,

Helga [31]

The sooner you need the money, the less risk you will be willing to take on.

If you have until you retire, you may be more willing to gamble on riskier investments for the potential of bigger returns because if it doesn't work out you will still have plenty of time to make up the loss. However, if you need the money sooner for a car you should only take on a minimal amount of risk.

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4 years ago

understand the different types of pricing objectives and how pricing affects each one:] a. survival b. profit c. return on inves

sesenic [268]

Only in special circumstances or on a temporary basis may survival pricing be used.

<h3>How does pricing policy impact an organization's ability to survive?</h3>

Many operations of the firm's activities are directly correlated with a product's price. Demand will be impacted by a price decision, which in turn will have an impact on the firm's income. Similar to this, a profitable company tends to draw in more new funding.

<h3>How price impacts revenue?</h3>

Your pricing approach will have an impact on the profit margin you make on each unit sold; assuming you don't lose sales, charging more will result in a higher profit margin. In contrast, higher pricing that result in lower sales volumes might reduce or even erase your profits because your overhead costs per unit rise as you sell fewer units.

<h3>What is ROI and how is it impacted by pricing?</h3>

ROI is to quantify the relationship between an investment's return and cost. ROI is calculated by dividing the benefit (or return) of an investment by its cost. A percentage or ratio is used to represent the outcome.

<h3>How market share is impacted by pricing?</h3>

Customers' interest and loyalty can be attracted by offering lower and more alluring prices. The vital sales that increase market share could increase as a result. In addition to providing promotions, coupons, freebies, and other benefits to customers, a business can consider discounts on the actual cost of the goods.

<h3>How do prices impact cash flow?</h3>

One of the key aspects of a company's performance that directly affects cash flow is pricing. If you overcharge for your services, your cash flow will suffer along with your profit margin. If you price things too expensive, you run the danger of pricing potential clients out who either can't or won't pay.

<h3>How do prices impact the status quo?</h3>

The more that higher prices denote higher quality, the less sensitive consumers become to price. Competition pricing, also referred to as status quo pricing, is either keeping current prices (status quo) or basing prices on those of rival businesses.

<h3>How does product quality relate to price?</h3>

Small pricing adjustments translate into huge quality changes when prices are low. Small price changes correspond to smaller quality changes when prices are higher. But in every situation, more expensive goods are of superior quality.

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1 year ago

Suppose that the office of management and budget provides the accompanying estimates of federal budget receipts, federal budget

spin [16.1K]

We need to <span>provide the accompanying estimates of federal budget receipts, federal budget spending, and gdp, all expressed in billions of dollars</span>.

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3 years ago