mmarize this statement: We all know that the first factor that the customer is looking for before buying the product is the quality of the goods. If the company decided to use low-cost materials in order to reduce the total cost of goods sold and for them to lift up the net income, then it will only result to a negative outcome. The firm might produce poor quality goods which affect the firm’s operation of sales and give them a big burden especially in the cost of too much repair and maintenance of the poor-quality goods. Defective products may arise and increase the rate of loss which is a way more expensive for the firm to handle. Maybe today’s sales increase, but it will affect the next sales of the company since customers might not be satisfied anymore with the products and services that the company offers. The customer will avail new products to other manufacturing companies that pass in their standards then it is a big loss for the income of the firm. It
Summarize this statement:
We all know that the first factor that the customer is looking for before buying the product is the quality of the goods. If the company decided to use low-cost materials in order to reduce the total cost of goods sold and for them to lift up the net income, then it will only result to a negative outcome. The firm might produce poor quality goods which affect the firm’s operation of sales and give them a big burden especially in the cost of too much repair and maintenance of the poor-quality goods. Defective products may arise and increase the rate of loss which is a way more expensive for the firm to handle. Maybe today’s sales increase, but it will affect the next sales of the company since customers might not be satisfied anymore with the products and services that the company offers. The customer will avail new products to other manufacturing companies that pass in their standards then it is a big loss for the income of the firm. It is better if they use high-quality materials although it increases the total cost of goods sold but at least it will increase the rate of customers that will continue trusting your firm and your company name will be marked as a good producer in the business world.
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