Wednesday, February 26, 2020

Accounting coursework Example | Topics and Well Written Essays - 1500 words - 1

Accounting - Coursework Example Mr. Joseph, store sales personnel, generated  £ 10,000 revenue for February, 2015. On the other hand, Ms. Gina, another sales personnel assigned to another city branch of the same company, generate  £ 50,000 revenue during the same time period. If the company’s sales benchmark for each store sales employee is  £ 40,000 per month, Mr. Joseph’s sales strategies did not effectively meet the required monthly revenue benchmark. On the other hand, Ms. Gina’s sales strategies effectively met the monthly required revenue benchmark (Chapman, 2011). 1. Business entities strive to generate higher efficiency and effectiveness levels to increase revenues (Chapman, 2011). By performing the same task within lesser time period, the company can sell more products. Taking lesser time to serve each customer’s store needs allows the same sales personnel to serve more customers. Serving more customers will normally lead to more revenues. By reducing work time to the least possible length, the store’s overall revenues will surely increase. 2. Business entities strive to generate higher efficiency and effectiveness levels to maximize expenses (Chapman, 2011). By using lesser salary expense, electricity expense, water, expense, repair expense, marketing expense, and other related business expenses, the company is able to save money. The saved money reduces the loan amount needed by the company for business expansions to other cities or nations. 3. Business entities strive to generate higher efficiency and effectiveness levels to increase net income figures (Chapman, 2011). With lesser time used and with lesser expense amounts, the financial statements of the companies will show that the company’s net income is favouraby higher than when money is unnecessarily wasted on unnecessary electricity, wage, and other production and possibly marketing expenses. The above table 1 evidently indicates United

Monday, February 10, 2020

Rewrite Essay Example | Topics and Well Written Essays - 500 words

Rewrite - Essay Example Customer satisfaction is seen as our companys top most priority. Our company responds and adapts quickly to customer requirements. Not only that, but our company goes beyond the expectation of defect and error reduction, merely meeting specifications, and minimizing customer complaints. Prestige International, Inc. works to constantly improve product and service attributes that meet basic requirements. This helps them to gain a competitive advantage. Ongoing improvement of all operations, activities and tasks is highly valued by Prestige International, Inc. Once it is realized that a product’s top quality is demanded by a customer, continuous development is immediately put into effect to assure the highest level of customer satisfaction. We also recognize that the quality of our product is a direct result of the process involved. As a result, there is a strong focus on continuous improvement of our companys processes. Improvement cycles are encouraged and maintained for all the companys activities like, product development and the proper management of customer relationships. Eliminating waste is another component of the continuous improvement approach. The customer-driven approach helps to prevent errors, decrease mistakes, and achieve defect-free production. Prestige International, Inc. adopted TQM as a code of life for the company. It was introduced and directed by top management where commitment, dedication and personal involvement has always been a top priority of theirs. This has efficiently helped in creating and deploying clear quality values and goals consistent with the objectives of the company while at the same time ensuring and deploying well-defined systems, methods and performance measures for achieving those goals. These systems and methods put in place actively guide all quality activities and encourage employee participation. Prestige International,