An insurance company monitors customer complaints. There are several possible problem categories including wrong bill sent, charges too high, failure to add new coverage, deletion of existing coverage and incorrect address. Determine the percentage that each problem contributes to customer complaints.
Answers
Answer:
Pareto Diagram
Explanation:
I think your question is missed of key information, allow me to add in and hope it will fit the original one.
Please have a look at the attached photo.
My answer:
The Pareto chart, named after Vilfredo Pareto, is a type of chart that consists of columns and lines in which the independent values are represented by lower-order columns and values. The cumulative sum is represented by a straight line.
The vertical vertical axis is used to measure the frequency of occurrence, but it can also be replaced to measure costs or a different unit of calculation depending on the purpose. The vertical vertical axis is used to measure the cumulative percentage of the total number of occurrences, the total cost or the sum of a unit of measurement depending on the purpose. Because values are arranged in descending order, the cumulative function will be a concave function
The purpose of the Pareto chart is to find out in a group of causes (often there are many), which are the most important causes.
So Pareto Diagram is the best determiner that each problem contributes to customer complaints.
Hope it will find you well.
Related Questions
Tamarisk, Inc. has the following Income Statement in millions): TAMARISK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $174 Cost of Goods Sold 101 Gross Profit Operating Expenses Net Income Using vertical analysis, what percentage is assigned to net sales? O 72% O Can't be computed O 172% O 100%
Answers
As per the income statement, the percentage is assigned to net sales is 18.97%
The term income in accounting refers the amount of money, property, and other transfers of value received over a set period of time in exchange for services or products.
Here we have given the following income statement of Tamarisk, Inc.
For the Year Ended December 31, 2023
Net Sales $174
Cost of Goods Sold 101
Gross Profit 73
Operating Expenses 40
Net Income $33
Now, the net sales percentage is calculated by using the vertical analysis process is written as,
=> Net percentage = (net income/net sales) x 100
=> Net percentage = (33/174) x 100
=> Net percentage = 0.1897 x 100
Therefore, the percentage is 18.97%.
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I just smacked a baby, feelin good.
Answers
Hi there..i just need to vent i feel so awful. Me and OH really struggled to get our almost 3 year old to sleep tonight. He has been quite defiant all day but just would not go to sleep for OH so i went up & sat for ages.
He was quite settled but then became v difficult & started kicking me & got my bump. I just mindlessly retaliated and smacked him on the bottom.. He really cried, i cant believe it.. Didnt help at all. Normally bedtime is all warm & cuddly & he lays down and goes to sleep while one of us sits there for 5 mins, but occasionally hes like this.
I know im feeling really hormonal but hate myself for this and he is going through a phase of hitting then i do this!!! How do i expect him to learn when i go and do exactly what we teach him is wrong? I just feel so awful like the worst mother in the world.... It scares me very occasionally just how angry i can feel. Can anyone offer any help or advice? Feel so ashamed :(
Answer: i- LOL
Explanation: does that happen to be a reference to the dream smp- or is it just me being a big fan O_O
Select the correct answer.
Approximately what portion of global employers tends to use social media websites to hire new employees?
ОА.
30 percent
OB. 40 percent
OC.
50 percent
OD
60 percent
ОЕ.
70 percent
Answers
Answer: Hello, There! your Answer is Below
B. 40 percent
Explanation:
40 percent employers use social media websites to hire employees.
Hope this Helps you!!
Have a great day!!
The federal government is the only entity that requires corporations to pay income tax on their net income .(True /False)
Answers
Answer:
False
Explanation:
true or false the only reason to protect intellectual property is financial?
Answers
Answer:
false
Explanation:
Create a Logo and Protect It
Required Materials
Design software (slideshow presentation software, graphic design software)
Internet access
Online application
You and your best friend decide you would like to open a coffee shop. Create a sample logo, showcasing the name of your coffee shop. Determine the most appropriate way to protect your business name and logo through choosing the applicable intellectual property law.
Follow these steps to complete this activity. You will choose a name, create a logo with your preferred design program, and fill out a sample application for protecting your intellectual property.
Step 1: Create a name and relevant logo
Decide on a name for the coffee shop.
Using your preferred design program, create a relevant logo.
Step 2: Choose intellectual property law and do online research
Determine which intellectual property law applies to protecting names and logos.
Go online to your state’s government site.
Find applications to register and protect intellectual property.
Step 3: Complete the application
Download the appropriate application.
Fill it out as if you planned to submit it.
Answers
Create a name and logo for your coffee shop, choose trademark law for intellectual property protection, conduct online research, and complete a sample trademark application with accurate information and supporting documents.
Step 1: Create a name and relevant logo
Name: Choose a unique and distinctive name for the coffee shop, such as "Brew Haven Coffee Co."
Logo: Use graphic design software to create a visually appealing logo that reflects the essence of the coffee shop, incorporating elements like coffee beans, a coffee cup, or related imagery.
Step 2: Choose intellectual property law and do online research
Intellectual Property Law: Trademark law is the most appropriate form of intellectual property protection for business names and logos. It grants exclusive rights to use and protect distinctive names, logos, or symbols associated with goods or services.
Online Research: Visit your state's government website and search for the relevant trademark registration and protection information.
In the United States, the United States Patent and Trademark Office (USPTO) is responsible for trademark registrations. Explore their website to understand the registration process, requirements, and fees.
Step 3: Complete the application
Download: Visit the USPTO website (uspto.gov) and download the trademark application form (USPTO Form 1).
Fill out the application: Provide accurate and detailed information about your coffee shop's name, logo, and the goods or services associated with it. Include a specimen of the logo (such as a high-quality digital image) as required.
Submit: If you were planning to submit the application, follow the instructions provided by the USPTO for payment of fees and submission procedures.
Remember, this is a simplified explanation and process. It is advisable to consult with a legal professional specializing in intellectual property to ensure compliance with specific regulations and to maximize protection for your coffee shop's name and logo.
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You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $33,000. You feel you can earn an APR of 10.8 percent compounded monthly and plan to save $395 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation
Answers
Answer:
Explanation:
What 22
how can managers avoid equity problems ?
Answers
Answer:
By offering flextime to employees by adding more tasks to a job instead of treating each task as separate by ensuring that rewards are distributed on the basis of performance by incorporating motivational factors such as opportunity for achievement by creating a competitive environment at the workplace.
Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .
Answers
The above paragraph is related to the sole proprietorship form of business organization. A sole proprietorship is a form of business organization owned and run by a single person who is the owner or the proprietor. The owner manages the business on his own and is solely responsible for the business's profits and losses.
A sole proprietorship is usually preferred by small businesses and individuals due to its ease of formation and low startup costs.
As in the given scenario, Mr. Bhushan Nagpal started the business with a limited capital investment. In a sole proprietorship, the owner has the right to make all the decisions relating to the business without any interference from other individuals.In the given paragraph, Nupur Nagpal, after completing her MBA studies, began to help her father in his business.
She wanted to use modern business techniques in every area of business to make the business grow and prosper.
However, the workers protested against her intervention, and the business started to decline.
The goodwill of the business in the market started to decline, and the liabilities of the business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties.
Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. Thus, it can be concluded that the given scenario is related to the sole proprietorship form of business organization.
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1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities
Answers
A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.
Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.
Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.
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how can I draw the circular flow of Income in an open economy?
Answers
The unending flow of goods and services, income, as well as expenditure in an economy is referred to as the circular flow. It depicts the circular redistribution of income between the production unit and households. Land, labour, capital, as well as entrepreneurship are examples of these.
The circular flow of diagram's outer loop depicts the flow of factor services from households to firms, as well as the corresponding flow of payments for factors from firms to households.
The inner loop depicts the flow of goods and services from firms to households, as well as the flow of consumer spending from households to firms. The entire amount of money paid by firms as factor payments is returned to the firms by the factor owners.
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what is changing risk
Answers
Answer:
here:
Explanation:
A change risk is the probability that a change program will not reach its stated objectives and goals. There is a wide range of factors that will increase the change risk for a project, and so it is important to conduct an effective risk change assessment to understand, document, and reduce these change risks.
Last year Wei Guan Inc. had $795 million of sales, and it had $265 million of fixed assets that were used at 65% of capacity. In millions, by how much could Wei Guan's sales increase before it is required to increase its fixed assets? Do not round intermediate calculations.
Answers
The sales revenue can increase by $428.08 million without an increase in fixed assets.
What does 65% capacity mean?
65% capacity means that the company is currently using only achieving 65% of sales it could have achieved with its current fixed assets, in other words, the existing assets can still accommodate more production which would increase sales to 100% capacity before additional investment in fixed assets is required.
This means that increase in sales revenue that could be achieved using existing assets is sales revenue at 100% capacity minus the level of sales which is only 65% of the optimum level.
65% capacity sales revenue=100% capacity sales revenue*65%
65% capacity sales revenue= $795 million
100% capacity sales revenue=unknown(assume it is X)
$795 million=X*65%
X=$795 million/65%
X=100% capacity sales revenue=$1223.08 million
increase in sales=$1223.08 million-$795 million
increase in sales=$428.08 million
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In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of _____ and ______. volume; scale
strain; tare
quality: yield
weight: gauge
Answers
Answer: quality: yield is correct
Explanation: Took the test
In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of quality and yield. Thus, option (c) is correct.
What is food?The term “food” refers to an edible and consumable material that provides the body with nutrition and vitamins to maintain itself. Plants, humans, animals, and birds all typically eat food. fruits, vegetables, legumes, dairy, and other nutrient-dense foods. The body need the food in order to function, thus it was consumed.
According to the food service sector, was the offered the information of the food as well as the grade of the cuisine. It instructs the cook on what ingredients to use, how to utilize them, and any nutrition facts that may be useful. A recipe's yield is the number of servings it will make.
Therefore, option (c) is correct.
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Company A has 800 employees, and it decides to grant each of the employees 50 share options as part of its new rewards plan. The options are exercisable over 5 years and subject to a 3-year service condition. The fair value of each option at the grant date is $16. The company estimates that 80% of its employees will meet the service condition required for receiving the options. Calculate the total share-based payment expense for Company A assuming that 80% of the employees actually meet the service condition.
Answers
The total share-based payment expense for Company A is mathematically given as
TS= $512,000.
What is the total share-based payment a expense for Company A?let number of Employees satisfying service condition be x
Hence
x= 800* 0.8
x=640.
let the total No of options Estimated to be exercised be y
y= 640*50
y=32000.
Generally, the equation for Total Share is mathematically given as
TS= The total number of options expected to be exercised Muiltiplied by Fair value
Therefore
TS= 32000* 16
TS= 512,000.
In conclusion, the total share-based payment expense for Company A
TS= $512,000.
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Bricks and Mortar Manufacturing produces building materials for local construction contractors. BMM has two production departments (Mixing and Baking) and two service departments (Maintenance and Cleaning). Maintenance costs are allocated based on machine hours used. Cleaning costs are allocated based on square feet of floor space.
The following data is available for BMM:
Mixing:
600 square feet of floor space,
200 machine hours used
Baking:
450 square feet of floor space,
500 machine hours used
Maintenance costs incurred: $4,900
Cleaning costs incurred: $2,300
How much of the Cleaning costs should be allocated to the Baking department?
Answers
Answer:
Cleaning costs of baking department = $986 (Approx)
Explanation:
Given:
Mixing: department = 600 square feet of floor
Mixing: department = 200 machine hours used
Baking department = 450 square feet of floor
Baking department = 500 machine hours used
Maintenance costs = $4,900
Cleaning costs = $2,300
Find:
Cleaning costs of baking department
Computation:
Cleaning costs of baking department = [Baking department area / Total area]Cleaning costs
Cleaning costs of baking department = [450 / (450 + 600)]2,300
Cleaning costs of baking department = [0.4286]2,300
Cleaning costs of baking department = 985.78
Cleaning costs of baking department = $986 (Approx)
Your mangers wants everyone to make setting up seasonal aisle displays their top priority. You notice that an associate has been focusing on other tasks instead. What would you be most and least likely to do
Answers
The manager should apply
Subordination of individual interest to general interest.
what is Subordination of individual interest to general interest.?it is one of the 14 principles of managementit states that the interest of organization must supersede the interest of individuals.the organization interest must overlap the individual interest,the goal of organization must not be scarified because of individual interesthence, Subordination of individual interest to general interest should be used by the manager.
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Large businesses depend on small businesses why?
Answers
Answer:
Small businesses can signal emerging trends and needs to large businesses
Government is mainly concerned with all of the following roles EXCEPT
O a. regulating utilities.
O b. making a profit.
O c. providing services to citizens.
C
d. hiring public employees.
Answers
Answer:
a
Explanation:
cuz it just is
How long should a résumé be
Answers
Answer:
Mark Brainliest
Explanation:
For most candidates, a resume should be only one page. Be brief and concise with anything you write on your resume. Customize your resume for the job you're applying for and include only relevant experience. If you've done everything right, you shouldn't get past one page
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure out how much the interest rate is based on this amount?
a. To solve for the interest rate of your credit card, you need to understand which variables in the above formula you have. If your minimum monthly payment is $22 on the $1,000 credit card bill, which variables do you know the values of?
b. Manipulate the formula so it will calculate the interest rate you are paying instead of the amount of money you are paying.
c. Now that you have a formula that will give you the interest rate, plug in the values for the problem and solve for that interest rate. Interest rates are usually represented for a time period: over what time period does this rate apply? What would the interest rate be if it were a yearly rate?
d. Now consider a different situation. Payday loans are a type of loan where you can get money for a future paycheck, typically two weeks in advance. A typical payday loan service might charge $15 for a loan against a paycheck you will receive in two weeks. The interest rate is 10% of the paycheck over that two-week period. Given this information, which variables in the interest formula are known? Develop a formula that will solve for the unknown variable.
e. Solve for the value of the unknown variable.
Answers
a) No person cannot figure out how much the interest rate is based on the amount charged to the credit card unless given other variables.
2. With data on the minimum monthly payment, we can assert our knowledge of the following variables:
The interest amountThe principal amount.3. The interest rate is 2.2% per month.
4. The period that this interest rate can be applied is monthly. In this case, the interest rate is described as the MPR.
5. If the interest rate were a yearly rate, the annual interest rate (APR) would be 26.4%.
6. For the payday loan, the known variables include the interest amount, the interest rate, and the period.
7. A suitable formula to solve for the unknown variable for the payday loan, principal, is P = I / (RT), where I = interest, R = rate, and T = period.
8. The solution to the equation or formula for the value of the unknown variable, Principal, is $3,900.
Minimum monthly payment = interest amount = $22
Credit card bill = $1,000
Rate = interest/$1,000
Rate = $22/$1,000 = 0.022
= 2.2%
MPR = 2.2%
APR = 26.4% (2.2% x 12)
Payday Loans:The service charge for a 2-week loan = $15
Interest rate = 10%
Principal/Payday loan = $3,900 ($15 / (10% x 2/52)
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membe is trying to get his financial records organized. He has several monthly credit card statements. Where is the MOST logical place for Namembe to store these records?
A. a paid storage facility
B. a home file
C. a computer file
D. a safe deposit box
Answers
The most logical place to store financial records is a computer file.
Each provided solution is useful to store one's records and personal data but there are merits and demerits to them.
Such as, a home file is a place to store data and it is easily accessible. However, it would be difficult to organize data at a home file and would also be time-consuming. Moreover, only limited data can be kept stored, as over time more space would be required so old data would be discarded.
In the case of a safe deposit box, which is also a secure place to store, the main issue is that it would be costly in comparison to the other options.
The computer file is easy to maintain and financial records can be kept well organized without the need to delete old data, as it hardly consumes any storage. And it would be less costly in comparison to the safe deposit box.
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Answer:
B. a home file
Explanation:
I took the quiz and this was the correct answer.
Which is NOT an example of an expense a) advertising b)insurance c)dividends d)depreciation
Answers
Answer:
c. dividends
Explanation:
not payable... so
Dividends are not an example of an expense.
What are dividends?
A dividend or dividends can be define as a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business which is called retained earnings.
The current year profit as well as the retained earnings of previous years are available for distribution and a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash which is usually a deposit into a bank account or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.
The dividend received by a shareholder is income of the shareholder and may be subject to income tax. The tax treatment of this income varies considerably between jurisdictions.
The corporation does not receive a tax deduction for the dividends it pays.
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Person
Value of a Weekend Ski Trip
(Dollars)
Anna 150
Brian 90
Clem 75
Dave 50
Refer to Table 13-1 . Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing. Suppose the government imposes a tax of $12 on skiing, which raises the price of a weekend ski pass to $57. How much tax revenue is collected from these four skiers?
a. $48
b. $36
c. $12
d. $0
Answers
Answer:
To calculate the tax revenue collected from the four skiers, we need to determine the number of skiers who continue to go skiing after the tax is imposed and then multiply it by the amount of tax per skier.
The skiers who will continue skiing after the tax is imposed are those who value the ski trip higher than the increased price of the ski pass.
Given the values of the skiers for the weekend ski trip, we can see that Anna ($150) and Brian ($90) will still choose to go skiing even with the increased price. Clem ($75) and Dave ($50), on the other hand, will not go skiing due to the increased price.
Therefore, the tax revenue collected will be the tax per skier multiplied by the number of skiers who continue to ski. In this case, the tax per skier is $12, and the number of skiers who continue to ski is 2 (Anna and Brian).
Tax revenue = Tax per skier * Number of skiers who continue to ski
= $12 * 2
= $24
Therefore, the correct answer is not provided among the options given. The tax revenue collected from these four skiers is $24.
Column A of Irma’s spreadsheet contains titles for each row, but her document is too big and will be printed three pages across. She wants to be sure that every page will be understood. What can Irma do to help with this problem? A. She can use freeze panes. B. She can use print titles. C. She can use split boxes. D. She can use page breaks.
Answers
Answer:
A. She can use freeze panes.
Freeze panes is a feature in spreadsheet software that allows a user to keep the top rows or columns visible while scrolling through the rest of the document. This can be useful in Irma's case, where the document is too big and will be printed across multiple pages, to ensure that the titles for each row will be visible on every page, making it easier for the reader to understand the content.
B. She can use print titles, it is also a feature in spreadsheet software that allows a user to specify which rows or columns should be repeated at the top of each page when the document is printed.
It will also help Irma to make sure the titles of each row will be visible on every page.
Sal is 35 years old, an employee of a private firm, and is planning to retire at age 65. He is investing in a traditional IRA instead of a Roth IRA because he expects his marginal tax rate to be lower during retirement than it is now. Is this a productive choice for Sal? Why or why not?
Answers
Answer:
Explanation:
the choice between a traditional IRA and a Roth IRA depends on an individual's expectations about their future tax bracket. A traditional IRA may be a good choice for someone who expects to be in a lower tax bracket during retirement, as contributions are tax-deductible and the investment earnings grow tax-free until they are withdrawn in retirement. On the other hand, a Roth IRA may be a better choice for someone who expects to be in a higher tax bracket during retirement, as contributions are not tax-deductible, but the investment earnings grow tax-free and qualified withdrawals in retirement are tax-free. It is important for individuals to consider their specific financial situation and consult with a financial planner or tax professional to determine the best choice for their individual circumstances.
It is productive for Sal because It is productive because Sal can claim a tax deduction on the amount he decides to contribute toward the traditional IRA.
What is a tax deduction?Tax deduction refers to claims made to reduce your taxable income, arising from various investments and expenses incurred by a taxpayer. Thus, an income tax deduction reduces your overall tax liability. It is a kind of tax benefit which helps you save tax. However, the amount of tax you can save depends on the type of tax benefit we claim.
Both the terms tax deduction and tax exemption refer to a lowering of taxable income; they are forms of tax relief or tax breaks provided by the government. However, tax exemptions may also include complete relief from taxes, reduced rates and tax on only a portion of income. Tax exemption means we don't have to pay tax for a particular income.
For instance, we may get a tax exemption for donating to charitable institutions and various relief funds.
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Demetrius is an employee who works hard to help his team reach its yearly performance goals. He isn't really friendly with his team, but they do work
hard to achieve high standards. According to Jim Collins's five levels of leadership, how would Demetrius BEST be categorized?
He is a highly capable individual.
He is a contributing team member
He is an effective leader.
He is an executive.
Answers
Demetrius would be categorized as a b. contributing team member according to Jim Collins's five levels of leadership.
Who are contributing team members ?Demetrius's position within Jim Collins's five levels of leadership would most accurately align with the category of a contributing team member. In this intricate framework, the initial tier entails the Highly Capable Individual, denoting individuals who possess commendable skills and contribute proficiently to the team's objectives.
While Demetrius undeniably exemplifies qualities of diligence and commitment, his limited camaraderie with the team suggests a potential disparity with higher echelons of leadership.
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The process of exchange of goods or services from sellers to buyers is referred to as:
A supply B. market C demand D. production
Answers
Answer:
Marketing
Explanation:
Hope this helps!
Financial Statement Analysis Portfolio
The Income Statement for Pumpkin Co. is shown below:
Pumpkin Co.IncomeStatement
for the Month Ended October 21, 2010
revenues- blank
sales
$120,000.00
operating expenses-blank
salary expense
$10,000.00
supplies expense
$14,000.00
depreciation expense
$4,000.00
net income
$92,000.00
Pumpkin Co. is about to embark on a project that will have a total cost of $300,000.00 over a 10-year period.
1. Calculate the expected annual rate of return on this project.
2.Calculate the cash payback on this project.
Answers
Ishmail is figuring out whether his products will be used by the end consumer or be purchased by businesses to create other products. This decision will determine whether he creates industrial or consumer goods. He decides to make a chart comparing and contrasting these two types of goods. What should he include for each type of “good” on this chart?
Answers
Ishmail can produce either industrial goods or consumer goods. They have different characteristics as shown below:
Industrial goods:
Either raw materials or goods that have not been processed into their final form. Bought by other businesses in order to process them into finished goods Used in the production of goods and services e.g. machinery Are generally more expensive than consumer goods Purchased in large quantitiesConsumer goods:
Final products that are meant for consumers Can be durable or non-durable Usually bought in small quantities Cheaper than industrial goods.In conclusion, industrial goods and consumer goods are generally different in terms of buyers, price and volume of purchase.
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