Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard. Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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Answer 1

Question

Chapter 1.3, Problem 3P

Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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Students have asked these similar questions

Can you think of companies that have gone out of business because theyfocused only on cost and were not able to achieve a minimum quality standard?

Choose an organisation either locally or internationally doing very well successfully, though operating in a keen competitive industry. What do you think they are doing to attain the successes they are accruing?

How do companies generally get a leg up on the competition? How could one go about implementing such a plan?

Answer 2

Question

Chapter 1.3, Problem 3P

Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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Answer 3

Question

Chapter 1.3, Problem 3P

Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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Answer 4

Question

Chapter 1.3, Problem 3P

Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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Answer 5

Chapter 1.3, Problem 3P

Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

Answer 6

Chapter 1.3, Problem 3P

Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

Answer 7

Chapter 1.3, Problem 3P

Summary Introduction

To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 1.3 - Prob. 1P Ch. 1.3 - Prob. 2P Ch. 1.3 - Prob. 3P Ch. 1.3 - Prob. 4P Ch. 1.3 - Prob. 5P Ch. 1.3 - Prob. 6P Ch. 1.3 - Prob. 7P Ch. 1.3 - Prob. 8P Ch. 1.3 - Prob. 9P Ch. 1.3 - Prob. 10P

Solution Summary: The author explains that companies that have gone out of business suffered due to the reason of focusing only on cost and not on the quality standard.

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Chapter 1 Solutions