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NCEA Level 3 Business Studies Exam Questions and Answers 100% Solved $10.49   Add to cart

Exam (elaborations)

NCEA Level 3 Business Studies Exam Questions and Answers 100% Solved

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NCEA Level 3 Business Studies Exam Questions and Answers 100% Solved Quality - Quality is about meeting the needs and expectations of customers. Customers want quality that is appropriate to the price that they are prepared to pay and the level of competition in the market. Aspects of Quality ...

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  • October 16, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NCEA
  • NCEA
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JOSHCLAY
©JOSHCLAY 2024/2025 YEAR PUBLISHED, 2024

NCEA Level 3 Business Studies Exam

Questions and Answers 100% Solved


Quality - ✔✔Quality is about meeting the needs and expectations of

customers. Customers want quality that is appropriate to the price that they

are prepared to pay and the level of competition in the market.

Aspects of Quality - ✔✔Good design - looks and style



Good functionality - it does the job well



Reliable - acceptable level of breakdowns or failure



Consistency



Durable - lasts as long as it should



Good after sales service

,©JOSHCLAY 2024/2025 YEAR PUBLISHED, 2024


Value for money

Benefits of Quality - ✔✔Customer loyalty - they return, make repeat

purchases and recommend the product or service to others.



Strong brand reputation for quality



Retailers want to stock the product



As the product is perceived to be better value for money, it may command

a premium price and will become more price inelastic



Fewer returns and replacements lead to reduced costs



Attracting and retaining good staff



Improved image & reputation, which should result in higher demand, which

may in turn mean

greater production volumes (possibly providing better economies of scale)

, ©JOSHCLAY 2024/2025 YEAR PUBLISHED, 2024


Lower unit costs because of less waste and rejected output



Fewer customer complaints (& more satisfied customers)



Potentially higher selling prices (less need to discount)

Poor Quality Examples - ✔✔Product fails - e.g. a breakdown or unexpected

wear and tear



Product does not perform as promised (or what the customer thought was

promised!)



Product is delivered late



Poor instructions/directions for use make using the product difficult or

frustrating



Unresponsive customer service

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