1. Identify three companies that make the highest- s50 pre a. L quality products
ID: 3744504 • Letter: 1
Question
1. Identify three companies that make the highest- s50 pre a. L quality products or services for an industry of your choice. Find the number of employees, total sales, total profits, and earnings growth rate for these three firms. Using a database program, enter this information for the last year. Use the database to generatereport of the three com- panies with the highest earnings growth rate. Use your word processor to create a document that describes these firms and why you believe they make the highest quality products and services What other measures would you use to determine the best company in terms of future profit potential? Does high quality always mean high profits?Explanation / Answer
Some of such companies are as follows:
1) Allen Edmonds for shoes:
Allen Edmonds has 78 stores and it grew since 2006 when it had 18 stores in total.
The business has now grown up to $255 million.
This company uses 212 steps of the production process to generate a pair of shoes. Also, It has approximately 1000 employees working for this organization.
The competitors are Nike, Vans, Converse, Puma etc.
2) Orient Watch
This is a brand name of Seiko for designing, manufacturing and marketing watches. It was a subsidiary till 2007 whereas it became the wholly owned subsidiary in 2009.
The number of employees associated is 217 in the parent company and 530 in the consolidated one.
This has a revenue of $465.1 K
3) Tristan - Canadian fashion for men and women
The employee size is 1000. This company was founded in 1970 and is meant for consumer product manufacturing. The revenue for this company ranges from $50 to $ 100 million (USD) per year.
All of these above companies produce high-quality products with multiple times polishing the end product.
As these end products are created with deep and high precaution hence the products come out to be beautified and solid. These products last long and give quality satisfaction to the customers. Also has a friendly work culture where employees work diligently to get the best outcome.
The other measure one can take to determine the best company in the future is to increase the number of end products and involve creativity in it for market acceptance.
High quality would not always be high profit as these can also refer to the quality of the end product being produced, or customers review, or employees review about the organization.
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