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Why have small business and not-for-profits been slow to adopt quality initiatives?
Small business and not-for-profit organizations focus on sales and marketing more. There is a lack of understanding and knowledge when it comes to quality initiatives.
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
How do you calculate economic profits?
Profits = revenues - expenses
Is it better to make an expensive product of very good quality or a cheap product of lower quality?
Some consumers prefer to pay less for a product even when they know that the quality is inferior. Some consumers prefer to pay more for a higher quality product. Large profits can be made selling the highly priced high quality products, but because the first group of consumers tends to be more numerous, equally high profits can be made selling the cheap products due to the higher sales volume. Both have their place in the market. On the other hand, for some people, maintaining the integrity of producing only products that they would be proud to put their name on is more important than making the highest possible profit.
Which statements is true about profits in a monopolistically competitive market?
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
What have been the annual profits of this company for the last five years?
the profit are as follows 6420, 5360, 8180, 7840 and 8150
What is the four ways of quality that affects a company?
If a company has poor quality then they will start losing customers. Also, good quality means that they can charge more for their products. Quality also helps firms strengthen their brand. Finally, poor quality can result in lose of profits.
Why is American Girl getting so cheap in quality while raising their prices?
If that is the case then the answer is obviously for greater profits.
What is the Risk in profit maximization?
The risk is that by trying to maximize your profits the quality of the products will drop and you will eventually lose sales
Which quality is part of rap music but not a traditional epic?
It follows a beat or rhythm.
Why have small business and not-for-profits been slow to adopt quality initiatives?
Small business and not-for-profit organizations focus on sales and marketing more. There is a lack of understanding and knowledge when it comes to quality initiatives.
What is profit quality?
Profit quality: Refers to the likelihood of a source of profit generating returns in the futuree.g. the sale of a lower league football team's star player to a big club might bring a short-term boost to profits but the quality of this profit is very low since it is a one-off transaction and revenues are likely to suffer without himSimilarly although selling off the training ground for housing might improve profits this year it may lead to a reduction in form and poorer future profits - i.e. poor profit qualityOn the other hand, an example of good profit quality is where the football team actually rented out the housing and therefore are getting a continuing profit being made through the houses i.e. good profit quality
Where can I order affordable, good quality engagement announcement cards?
There are a lot of sites online that sell both quality and affordable engagement announcement cards. They are as follows; vistaprint.com and cardchef.com.
What are the smart objectives for KFC?
The smart objectives for KFC are to provide quality foods to their customers, increase profits, and to maintain the reputation of the company by providing good service.
Why do businesses leave go to other countries to hire cheaper help?
Payroll is usually one of the largest expenses that a company has. If you can hire lesser expensive workers and still produce the same quality of goods, you have reduced your expenses and therefore increased your profits. And businesses are in business to make profits.
Advantages of capital from profits?
Amazon is a world full of profits, the most important thing is how to increase your profits, so I will introduce you to a tool that will double your profits for you to know more : snip.ly/tkynz2
Why is privatization of education necessary?
It isn't. In fact quite the reverse is true. Privatisation of anything results in it becoming a for-profit venture, and the cost of higher profits is the quality of education.
