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What is impact of quality on profit and loss?
it basically means taking into consideration how weathered or damaged a product is and whether it will bring your company a profit or a loss.
What purpose are served by a production cost report?
By Production Cost Report, the Company can find out ways and means to reduce expenditure those will not ultimate compromise with the quality of the product.
How can a company have more income than revenue?
By producing the best quality of goods
In terms of design quality and conformance quality explain how using the Six Sigma approach helped American Express?
Answer:Quality of design is the quality which the producer or supplier is intending to offer to the customer. When the producer is making the quality of design of the product, he should take into consideration the customer's requirements in order to satisfy them with fitness for use of the product. If the quality of design does not reflect the customer's requirements, the product which the producer offers him would not probably satisfy the customer, even if it does sufficiently conform to the design. Quality of design is usually indicated by completeness and correctness of specifications, drawings, catalogues, etc. and is measured with fitness for use.Quality of conformance is the level of the quality of product actually produced and delivered through the production or service process of the organization as per the specifications or design. When the quality of a product entirely conforms to the specification (design), the quality of conformance is deemed excellent.Specifications are targets and tolerances determined by the designer of a product. Targets are the ideal values for which production is expected to strive; tolerances are acceptable deviations from these ideal values recognizing that it is difficult to meet the exact targets all the time due to variability in material, machine, men and process.For example, if an engineering component manufacturer specifies the diameter of a steel pin as 2.525 + 0.005 mm, the value 2.525 is the target value and + 0.005 is the tolerance. In a similar way, in case of an Airline service, if on time arrival of a flight is specified as within 15 minutes of scheduled time, the target is scheduled time and tolerance is + 15 minutes.Quality of design is meant to introduce a new product or upgrade an existing product to meet customer requirements whereas Quality of conformance is the measure which determines whether the product is being manufactured according the design without much deviation or dissimilarity.
What is a Margin Enhancement Program?
A Margin Enhancement Program is a strategic initiative designed to improve a company's profit margins by optimizing operational efficiency and cost management. It typically involves analyzing and refining processes, reducing waste, increasing pricing strategies, and enhancing product mix. The goal is to maximize profitability while maintaining product quality and customer satisfaction. Such programs are often implemented in industries with tight margins to ensure sustainable growth.
What is the importance of product in a company?
for good quality produce in the outcome of the future of the company
What is Qs in Chinese food company?
It is a quality accreditation meaning that an organization has inspected this product and accepted is as a quality product.
Is Aiwa considered a reputable company for boomboxes?
According to Consumer Democracy, Aiwa is a reputable company and produce a quality product. You can read more at: http://72.93.205.90/phelp/cd4/listPosRevs2B.aspx?catId=6347.
What are the factors affecting product design?
The factors that determine or affect a product design are as follows:Requirements of targeted customers.Availability and access to necessary production facilities.Type and quality of raw-materials used to produce a product.Cost to price ratio.Policy of quality standards.Availability of plant and machineries.Impact of upcoming product on existing products of the company.Reputation or goodwill of the company.
Whats the difference between a brand name and a generic product?
The company that sells the product -APEX
What companies produce quality pitching machines?
Companies that produce quality pitching machines include MasterPitch and Hitting World. These two companies product the best quality hitting machines.
What is the aim and objectives of BMW company?
To produce good quality vehicles
What are different baking procedure to be observe to produce quality product?
shut up boy
What is an advantage of quality control?
An advantage of quality control is that each product or service is consistent and the customer or consumer can count on it as a company. In a company, a lot of money is spent ensuring quality control.
What is the advantage of product differentiation?
A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.
What is so special about Faber castell pencils?
Faber Castell are a German company who produce writing implements and art pencils. Faber Castell pencils are considered special because of the high quality of the product.
What types of products does Rancilio Rocky produce?
Rancilio Rocky produces a well used and known product. This company produces and sells good quality coffee and espresso grinders at great affordable prices.
