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3 years ago

What do you mean by quality control ? Discuss the need for controlling quality of goods and services ?

Business

1 answer:

swat323 years ago

4 0

Answer:

Explanation:

Quality control can be defined as a process by which a manufacturer or producer maintains the standard or quality of it's product.

This is to ensure that quality of the product is maintained over time and also gives room for improvement.

The need for controlling quality of goods and services:

1. It is to ensure the quality of the product does not depreciate over time.

2. To ensure little or not error is made during production process.

3. Quality control is done to ensure a great customer satisfaction.

4. It also helps to increase consumers confidence in a product.

5. Quality control gives room for improvement on the quality of a product.

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FunnyTime Products uses humor in its ads to communicate with its fun-loving consumers. What type of ads does FunnyTime Products

pashok25 [27]

Answer: (C) Emotional

Explanation:

The emotional advertisement is one of the type of emotional based appeal advertisement process that helps in communicating with the customers or consumers.

The emotional based advertisement include all the types of emotions so that the customers feel connected with the brand and the products in the market.

According to the given question, the Funny-time products is basically using the emotional advertisement for communicating with the fun-loving customers. Therefore, Option (C) is correct answer.

7 0

2 years ago

Item11 Item 11Item 11 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 390,000 Variabl

sleet_krkn [62]

Answer:

the total contribution margin is $245,700

Explanation:

The computation of the total contribution margin in the case when the sales volume rise by 40% is shown below:

Since the sales volume is rise so the contribution margin is also rise by 40%

Therefore the total contribution margin would be

= Contribution margin × (1 + increased percentage)

= $175,500 × (1 + 0.40)

= $175,500 × 1.40

= $245,700

Hence, the total contribution margin is $245,700

5 0

3 years ago

Rational choice theorists would define the behavior of corporate executives who outsource many jobs to countries where the cost

STALIN [3.7K]

Answer: Instrumental

Explanation:

Rational choice theory, is a school of thought which is based on the assumption that individuals will choose a course of action which goes in line with what they personally prefer.

For the instrumental rationality, it has to do with looking for the most cost effective method in order to achieve a particular objective. Therefore, the behavior of corporate executives who outsource jobs to other countries where labor cost is cheaper than in the United States is defined as being instrumental.

8 0

3 years ago

Assume all markets are in long-run equilibrium. Market price in a duopoly would be ________ the market price in a monopoly, and

Vladimir [108]

Answer:

Assume all markets are in long-run equilibrium. Market price in a duopoly would be <u>greater than or equal to</u> the market price in a monopoly, and <u>less than</u> or equal to the market price in a competitive market.

Explanation:

That is the logical answer to the question about markets that are in long-run equilibrium.

4 0

3 years ago

Ten years ago, Lucas Inc. earned $0.50 per share. Its earnings this year were $5.00. What was the growth rate in earnings per sh

liberstina [14]

Answer:

25.89%

Explanation:

With regards to the above information, initial earning = $0.50

Final earnings = $5.0

Number of periods = 10 years

We can formulate the above into an equation, which will now be:

$5.00 = $0.5 ( 1 + rate )^ 10

We can simplify furthermore.

1 + rate ^ 10 = 5 / 0.5

1 + rate ^ 10 = 10

1 + rate ^ 10 = 10^1/10

1 + rate = 10 ^ 0.1

1 t rate = 1.2589

rate = 1.2589 - 1

rate = 0.2589

rate = 25.89%

Therefore, the growth rate in earnings per share (EPS) over the 10 year period is 25.89% .

3 0

3 years ago