List Three Steps That Service Firms Can Take to Increase

question 86

Essay

List three steps that service firms can take to increase quality control over services and reduce variability.

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Definitions:

Cost of Goods Sold

The total cost of manufacturing and delivering a product or service to consumers.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Cost of Goods Sold

The costs directly associated with the manufacturing of goods a company sells, encompassing both the price of materials and the wages for labor.

Inventory

The total amount of goods or materials held in stock by a business, intended for sale or production.