A company noticed that there is an increase in astomers returning of faulty products. What wouldbe the best solution to avoid further returns?Select one:a.reduce refund limitsOb.increase quality checksimprove the working environmentOd.outsource the production

A product defect is any attribute of a product that foils its ease of use for the reason for which…

Answered: A company noticed that there is an…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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14. If Product Z costs $1000 and Product Y costs $1500 Benefits 2300 units. Benefits 4000 units A.Calculate the perceived value that the customer will get from product Z and Y. (show the formula and the calculation) B.Which one will the customer probably buy ? explain . * Enter your answer
Complete the discussion question below: Assessing IT value can be very challenging. Discuss various sources of valuable information.
When formulating corporate strategy, managers must make the decisions about the stages of the industry value chain to participate in. O True O False
Which of the following is a description of a company that has a production orientation? a. Bear & Co. produces artificial ficus trees and other artificial plants that are primarily sold to companies as office decorations. b. ABC Industries employs thousands of independent consultants who make commission selling a skincare regimen.> c. Smith Company manufactures standard yellow no. 2 pencils, which are sold in retail stores and in bulk to schools and testing centers. d. Hall Corporation manufactures.
Which type of concept is required that highly hold the customer to buy those products that offer better quality and performance?
The abbreviation SBU in the context of business strategy refers to a statistical business unit O strategic business unit O strong brand understanding simple business union
Figures derived from a ratio analysis of a firm need to be evaluated against the past performance of the firm to understand its current health. True or False
As a general rule, when a firm decides to differentiate and become a market-leader on sustainability it O can do so within the company's existing framework. can do so solely under the direction of the organization's top leaders. can do so only if the effort is embraced throughout the organization O shoudl do so in a way that causes minimal disruption in the normal functioning operations.
Which of the following is an example of a durable good? a. A coffee mug b. A seed stock c. A dining table d. A facial cream
Explain the NIST or the ISO framework. How is it predominately used? Is it general or specific to a particular sector? What are its strengths? What are its weaknesses? What is a setting (small business, school, home office, etc.) that you would recommend for the framework chosen?
In-house supply the origins of any quality problems usually easier to trace in-house and improvement can be more immediate but can be some risk of complacency True. Or F
The '% of total sales from products introduced in the last 12 months' is a metric used to monitor..... a. Demand flexibility b. Customer Service c. Product development d. Internal efficiency

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A company noticed that there is an increase in ustomers returning of faulty products. What would be the best solution to avoid further returns? Select one: a. reduce refund limits b. increase quality checks improve the working environment Od. outsource the production