Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1. Farmers Market Enterprise is owned and run by the Nsiah family and have over the years been known for their fresh vegetable products throughout

Q1. Farmers Market Enterprise is owned and run by the Nsiah family and have over the years been known for

their fresh vegetable products throughout the town. The employees of Farmers Market Ent. are mainly family

members and are not recruited based on their skills or qualification. Training is mainly on the job and is done

by senior family members with more years at the business. The business has been good and could be described

as a market leader in the town and they pride themselves in offering superior customer care. Whenever a

customer has an issue with their products they are always open to replacing the defective product at no cost to

the customer. The defective products are sold off at a discount.

Six months ago, a new shopping mall opened in the town offering fresh vegetables and providing stiff

competition to the Nsiah family business. Patrons of this mall rarely experience product defects and hence are

increasing their patronage of the mall's products. Mr. Nsiah the head of the business is at his wits end and is

struggling to keep the family business afloat due to a decreasing customer base and rising cost of business. Upon

your return from the university you join your father, Mr. Nsiah in the family business and have to find innovative

ways to compete favorably.

i. Identify two causes leading to the decline of the business? (5 marks)

ii. With the knowledge gained from your study of Introduction to Total Quality Management, discuss two

measures you would put in place to minimize the decline in the business. (5 marks)

iii. Analyze four business performance indicators you will suggest to Mr. Nsiah to help improve the

competitiveness of Farmers Market Enterprise. (10 marks)

Q2. The TQM has gone through five stages in its evolution. Discuss the Evolution and Stages of Total Quality

Management Process. (20marks)

Q3. In determining the purpose of existence of a business, examine the four steps that a business goes

through to achieve a competitive advantage. (20marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Water Pollution Economics Aspects And Research Needs

Authors: Allen V Kneese

1st Edition

1317387554, 9781317387558

More Books

Students also viewed these Economics questions

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago