ENTREPRENEURIAL OPERATIONS
QUALITY CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select two benefits for the business of having good quality products.
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Improved customer loyalty.
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More inspections.
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Increased staff training.
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Charge higher prices.
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Explanation:
Detailed explanation-1: -1. Higher prices attract better quality clients. Clients or customers who only want to buy from you because you are the lowest cost provider will treat you as such. These “bottom of the barrel” clients will expect the world from you, blame all of their problems on you and leave you for a competitor in a heartbeat.
Detailed explanation-2: -Simple to calculate and understand. Cost-based pricing is probably the simplest pricing strategy available. Predictable and profitable. Cost-based pricing is also highly predictable. Price transparency.
There is 1 question to complete.