Wednesday, February 24, 2016

Answer 2

1.  What is your EQ?

  • When implementing a food product, how can company maximize profits while maintaining quality control?


2.  What is your first answer? (In complete thesis statement format)

  • When implementing a food product, how can company maximize profits while maintaining quality control, the company can maximize the profit by selecting a type of food product that can give you the best profit and the location where it will being sold.

3.  What is your second answer? (In complete thesis statement format)

  • When implementing a food product, how can company maximize profits while maintaining quality control, the company can maximize the profit by having a loyalty for your consumer vies-versa.

4.  List three reasons your answer is true with a real-world application for each.
  • Most of the companies have customers that have been with them since the beginning.
  • As for the quality, in my interview two the production manager stated that the quality is the main source where the customers can be contributing in the company.
  • For both of the options loyalty and quality have to go together because if the customer enjoys the product.
5.  What printed source best supports your answer?

  • The New Rules of Retail: Competing in the World's Toughest Marketplace

6.  What other source supports your answer?
  • Source # 45: Way, Jay. "What Steps Do Companies Take to Maximize Profit or Minimize Loss?" Small Business. Smallbusiness.chron.com, 30 Dec. 2015. Web. 05 Feb. 2016. <http://smallbusiness.chron.com/steps-companies-maximize-profit-minimize-loss-41526.html>.
  • Source # 47: Watson, Elaine. "The State of the US Food Retail Market: Slower and Negative Growth... and Rediscovering Walmart." FoodNavigator-USA.com. Foodnavigator-usa, 4 Oct. 2012. Web. 18 Feb. 2016. <http://www.foodnavigator-usa.com/Markets/The-state-of-the-US-food-retail-market-Slower-and-negative-growth-and-rediscovering-Walmart>.
7.  Tie this together with a  concluding thought.
  • A food retail product can be maximize while maintaining the quality by having a connection with the customers.

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