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3 years ago

A pre-concert rehearsal is an example of

Business

1 answer:

Mrrafil [7]3 years ago

5 0

Answer:

Quality control

Explanation:

Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.

Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.

Generally, there are two (2) main methods of achieving the six sigma approach;

1. DMAIC: define, measure, analyze, improve and control.

2. DMADV: define, measure, analyze, design and verify.

Hence, a pre-concert rehearsal is an example of quality control because the participants or team members are made to practice their routines so as to master them and prevent mistakes on the day of the concert. Thus, a pre-concert is aimed at getting the best out of a team in order to deliver a quality performance to the audience.

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Adding or deleting features and functions from an existing product platform is: Group of answer choices A high-end strategy. The

LuckyWell [14K]

b. The optional pricing strategy (O.P.)

More about optional pricing:

When a company uses optional product pricing, it sets a base product at a lower cost and additional, optional products at a higher price to make up for any losses. Optional products are not required for the base product to function, but they typically improve the customer experience.

The two key components of optional product pricing:

A base product is the main draw for the customer or the reason they are purchasing. It meets the needs of the customer and does not require the optional product to function.
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2 years ago

In one city, Biggies', a competing retail outlet, opens a store across the street from a Sam-Mart. A battle for business ensues.

maria [59]

Answer:

Explanation:

In business, the term positioning is defined as a position where items or products stand in comparison with other products and services in the market.

External positioning refers to placing the price of services and items by taking cues from other similar products and services in the marketplace.

In the given case, the two companies are engaging in external positioning. Therefore, option A is correct.

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3 years ago

Decorative Concrete produces a concrete overlay for residential and commercial concrete flooring. Customers have complained that

forsale [732]

Answer:

Decorative Concrete

1. This contingent liability should be disclosed in a note only.

2. Decorative Concrete should not report any loss in its income statement, yet.

3. Decorative Concrete should not report any liability in its balance sheet, yet.

4. No entry should be recorded in the journal.

Explanation:

a) Data and Calculations:

Estimated loss = $1.1 and $4 million

Loss is probable but the loss cannot be reasonably estimated

b) Decorative Concrete cannot reasonably estimate the loss that may arise from the contingent liability. Therefore, it should only disclose the future event in a note to the financial statements. Accounting rules specify that Decorative Concrete should record this event as a contingent liability in its accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. At that time, a specific amount of loss will be recorded (debit) and a specific liability established (credit) in advance of the settlement. In this Decorative's case, only one condition is met.

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3 years ago

As a corporation grows in size of employment, perhaps becoming influential nationally or globally, what public perception is dev

Korolek [52]

As a corporation grows in size of employment C. perceived permanence is developed.

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2 years ago

A(n) _______________ strategy is a competitive strategy by which a firm develops unique products or services from those of its c

Galina-37 [17]

That would be an innovation strategy.

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3 years ago