Break-even, Achieving quality, and Location decisions.

To calculate the break-even point you use the following formula:

• Fixed costs / Selling price - Variable Costs

• Selling price / Fixed costs - Variable Costs

Two methods used to ensure quality in a company are:

• Quality Control and Quality Assurance

• Supervision of products and Bonuses for employees

• Quality inspection and Quality correction

It requires an individual department to check the quality of products.

• Quality Control

• Quality Assurance

Does not improve quality; instead reduces the chance of selling poor-quality products.

• Quality Assurance

• Quality Control

Do not check all the products, so there is still a chance of poor-quality products reaching the customer.

• Quality assurance

• Quality control

When __________________________ is used checks are carried within the production process to prevent mistakes ever happening.

• Quality Assurance

• Quality Control

In ____________________________ the whole workforce must support the system; otherwise, it will not work.

• Quality Assurance

• Quality Control

Does not require employing additional quality checkers.

• Quality Control

• Quality Assurance

Quality is a key aspect of everyone's job.

• Quality Assurance

• Quality Control

Choosing the location of a business depends entirely on the ...

• type of business

• owners wants