Q43: which of the following is the most common reason that an entrepreneurial st
ID: 411160 • Letter: Q
Question
Q43: which of the following is the most common reason that an entrepreneurial start-up in the United States Fails? A. Entrepreneur's personality B. Inferior product or services C. Undercapitalized business D. Delegation of authority to employees
Q44: studies has confirmed that which of the following statements about achieving quality in goods or services is true? A. Achieving quality is the result of post production activity B. Achieving quality must be integrated into the good or service C. Achieving quality is optional in low-cost goods or services D.Achieving quality requires the application of the Pareto principle
Explanation / Answer
44) B: Achieving quality must be integrated into the good or service is true:
Explanation:
Quality defined:Quality can be defined as the sum of attributes or fetures of a product that satisfies the customers needs.The quality definition varies from one person to another person.For some customers it is performance, for some customers, it is totality of features, i.e., outlook and packaging of products.Quality is the vitality of features.Quality production of goods and services comes only from the starting of production process.It starts with the quality of raw materials which are brought into the organization and then checking for the defective removal in the production process itself by using the quantitative and qualitative tools such as statistical quality control(SQC) and then proper warehouse and storage facilities and transportation facilities to reach customer.Thus,quality is a step-by-step process.It is not the which can be obtained in one shot step.Quality management is a long term process.
The quality must be integarted in the product and organization.According to Walter shewart(quality guru), the quality can be brought inside the organization through PDCA cycle,i.e., Plan,Do, Check and Act cycle.The quality in the product or service can be brought through total quality management(TQM).
The total quality management (TQM) can be defined as a long term approch of management and a continous process of improving products,process and services to provide customer satisfaction.The quality comes in the process through :
1) Customer-focussed approach
2) Employee involvement
3)Integrated system
4)Process centered
5)Continous improvement
43:The most common reasons why entrepreneuial start-up in united states fails is because of entrepreneur's personality .It is because if the entrepreneur's personality personality lacks felxibility,proper vision,resilence and passion then auctomatically firms fail.The entrepreneurs need t learn from the failures.They need to lern from failures and need to be self-confident.
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