One of the PIMS principles states that quality is the most important single factor affecting an SBU’s performance. Comment on the link between quality and business performance
What will be an ideal response?
In the long run, the most important single factor affecting a business unit’s performance is the quality of its products and services, relative to those of competitors. A quality edge boosts performance in two ways: In the short run, superior quality yields increased profits via premium prices. In the longer term, superior and/or improving relative quality is the more effective way for a business to grow, leading to both market expansion and gains in market share.
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a. modeling data b. condensing data c. extracting data d. transforming data
Which conflict management system can be explained as the willingness to give up just about anything in order to preserve the relationship with the other party?
A. compromise B. accommodation C. avoidance D. competition
The Modified Accelerated Cost Recovery System (MACRS) is part of the U.S. federal income tax laws and may be used for financial reporting.
Answer the following statement true (T) or false (F)
Fuschia Company's contribution margin per unit is $12. Total fixed costs are $84,000. What is Fuschia's break-even point in units?
A. 70,000. B. 7,000. C. 26,520. D. 5,760. E. 57,600.