Why is the customer focus of quality management so important in a small firm? Why can be done to ensure that the quality of a small venture’s products or services remains high?
Answer to relevant QuestionsUnder what conditions should a small manufacturer either make component parts or buy them from others?What steps can a company take to build good relationships with suppliers? Can you think of any ethical issues that should be taken into account when deciding how to interact with suppliers?Compare the different techniques that can be used in capital budgeting analysis.1. Is offering a cash discount the equivalent of a bribe?2. How would a cash discount policy relate to bad debts?3. What cash discount policy, if any, would you recommend?4. What other approaches might be used to improve ...Why would a business owner want to insure against “smaller potential losses”?
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