For a business, which one is a result of a low quality product? Loss of customers or increased sales?
loss of customers
Which one is a benefit of good quality products? Increased costs or increased sales?
increased sales
An example of fixed costs is the cost of materials. True or false?
false
What is the meaning of value?
how useful a product or service is
Why is the break-even point important? a. It tells you how many products to sell to make a profit. b. It tells you about your competitors.
It tells you how many products to sell to make a profit.
Afra's customers think poorly of her coffee business because the coffee do not taste nice. What is this an example of? Bad reputation or increased costs?
bad reputation
What is the meaning of loss?
the business has not made any money
Give one benefit of good quality products for a business?
brand loyalty, increased sales, good reputation, new customers
What is the meaning of quality?
how good something is
What is the break-even point? a. Revenue is more than costs. b. Revenue and costs are the same.
Revenue and costs are the same.
Which method of production can we use for graduation cakes for a student called Roodah? a. job b. batch c. flow