• A quality standard will improve the reputation of the business and gain more customers
• Some customers will only work with businesses that have recognised quality standards
• It might give the business a competitive advantage over their competitors
• It might improve the motivation of staff
• Helps to maintain customer loyalty
• Helps to reduce the cost of waste and faulty goods.
• can charge a higher price and therefore gain more profit
lydiajane74 answered the question on July 22, 2018 at 20:59
- Define ‘‘quality assurance’’.
(Solved)
Define ‘‘quality assurance’’.
Date posted: July 22, 2018. Answers (1)
- Explain two advantages of franchising a business.(Solved)
Explain two advantages of franchising a business.
Date posted: July 22, 2018. Answers (1)
- Explain why a mission statement is helpful to a business. (Solved)
Explain why a mission statement is helpful to a business.
Date posted: July 22, 2018. Answers (1)
- Define the following terms:
(a) Unlimited liability
(b) Competitor pricing
(c) plc
(d) Public sector
(Solved)
Define the following terms:
(a) Unlimited liability
(b) Competitor pricing
(c) plc
(d) Public sector
Date posted: July 22, 2018. Answers (1)
- Explain two reasons why it is important for the Accountant in to know the Breakeven Point of the company.(Solved)
Explain two reasons why it is important for the Accountant in to know the Breakeven Point of the company.
Date posted: July 22, 2018. Answers (1)
- Identify and discuss three factors which could limit the growth of firm(Solved)
Identify and discuss three factors which could limit the growth of firm
Date posted: July 22, 2018. Answers (1)
- Describe two drawbacks of staff training.(Solved)
Describe two drawbacks of staff training.
Date posted: July 22, 2018. Answers (1)
- Describe two benefits of staff training from the company’s point of view.(Solved)
Describe two benefits of staff training from the company’s point of view.
Date posted: July 22, 2018. Answers (1)
- Explain two advantages for conducting interviews. (Solved)
Explain two advantages for conducting interviews.
Date posted: July 22, 2018. Answers (1)
- Give one reason why Readers Limited uses a Curriculum Vitae (CV) as a method of selection.
(Solved)
Give one reason why Readers Limited uses a Curriculum Vitae (CV) as a method of selection.
Date posted: July 22, 2018. Answers (1)
- Explain what a Curriculum Vitae (CV) is. (Solved)
Explain what a Curriculum Vitae (CV) is.
Date posted: July 22, 2018. Answers (1)
- Distinguish between competitor based pricing and skimming.(Solved)
Distinguish between competitor based pricing and skimming.
Date posted: July 22, 2018. Answers (1)
- Explain the term market segmentation.(Solved)
Explain the term market segmentation.
Date posted: July 22, 2018. Answers (1)
- Explain two social and environmental considerations related to the location of a new factory(Solved)
Explain two social and environmental considerations related to the location of a new factory
Date posted: July 22, 2018. Answers (1)
- Define batch production and analyse two reasons why this is an effective method of production(Solved)
Define batch production and analyse two reasons why this is an effective method of production
Date posted: July 22, 2018. Answers (1)
- Explain two reasons why the government encourages enterprise.
(Solved)
Explain two reasons why the government encourages enterprise.
Date posted: July 22, 2018. Answers (1)
- Complete the spaces below:
A ______________________ is one person setting up and running a business. This type of business ownership has _________________ liability, meaning...(Solved)
Complete the spaces below:
A ______________________ is one person setting up and running a business. This type of business ownership has _________________ liability, meaning debts of the business can extend to personal possessions. Ltd stands for ____________________________________________ . This type of business ownership has ______________________ liability and allows finance to be raised by selling ______________________ to ______________________.
Date posted: July 22, 2018. Answers (1)
- Explain five ways of becoming an entrepreneur(Solved)
Explain five ways of becoming an entrepreneur
Date posted: July 15, 2018. Answers (1)
- Outline the stages of satisfying human wants(Solved)
Outline the stages of satisfying human wants.
Date posted: July 11, 2018. Answers (1)
- Outline four micro environmental factors that negatively affect the operations of a business
(Solved)
Outline four micro environmental factors that negatively affect the operations of a business
Date posted: July 11, 2018. Answers (1)