This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Michael is opening a tire store. He intends to set the price of tires based on determining the total ... (Read 88 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jul 14, 2018
Michael is opening a tire store. He intends to set the price of tires based on determining the total cost of his purchase of one tire and then adding an amount to cover additional costs and profits. Michael is using ___ pricing.
 A) cost-based
  B) additional markup
  C) floor establishment
  D) survival

Question 2

What is the purpose of quality control? Why is it important to a firm?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

onowka

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

The purpose of quality control is to ensure that goods and services are produced in accordance with design specifications. The primary objective is to see that the organization lives up to the standards it has set for itself on quality. For many firms, their reputation is one of quality, so strict quality control is essential. Other firms adopt a strategy of emphasizing lower prices along with reasonable (but not particularly high) quality.


dollx

  • Member
  • Posts: 558
Reply 2 on: Jul 14, 2018
Great answer, keep it coming :)

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Phylogeny based on the FIT2 gene Phylogeny based on the FIT2 gene
Michael Sars Michael Sars
Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b
Centromere locations and the chromosome designations that are based on them Centromere locations and the chromosome designations that are based on them
The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ... The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ...
The forked-line method for determining gamete genotype frequency The forked-line method for determining gamete genotype frequency
Video: Oxygen - hemoglobin dissociation curve & Hemoglobin's affinity with oxygen - acidity

For a complete list of videos, visit our video library