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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GMC sells cars and pays each salesperson a commission of $800 for each car sold. During the month of December, a salesperson, Tom, sold 3 new cars. GMC pays commissions on the 5th day of the month following the sale. Tom operates on the cash basis; the car dealer operates on the accrual basis. Which of the following statements is true?
A) Tom will recognize commission revenue earned in the amount of $2,400 in December. B) GMC will recognize commission expense in the amount of $2,400 in December. C) Tom will recognize commission expense in the amount of $2,400 in January. D) Tom will recognize revenue in the same month that the car dealer recognizes expense.
Not receiving a clear mandate for the top to proceed is a common management pitfall
Indicate whether the statement is true or false
Under federal law, if a person wishes to file a discrimination charge they must file within 180 days of an alleged discriminatory event. State law:
a. often extends this to 300 days b. often reduces this to 100 days c. often extends this to 365 days d. often reduces this to 60 days e. cannot extend or reduce this time