Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The US chocolate maker Mars, one of the worlds largest privately-held companies, issued a voluntary recall in 55 countries for Snickers bars, Milky Way minis,

The US chocolate maker Mars, one of the worlds largest privately-held companies, issued a voluntary recall in 55 countries for Snickers bars, Milky Way minis, and some other candy bar varieties that were manufactured in a Dutch factory between December 2015 and January 2016. A red piece of plastic was found in one Snickers bar by a customer in Germany; that piece of plastic was traced back to a protective cover used in the manufacturing process at a Mars production facility in the Netherlands. This recall potentially covers millions of candy bars; the recall does not affect Mars products made in the US.

In an interview with the Financial Times, a financial analyst estimated that the recall would cost the company tens of millions of dollars.

Questions

1) Prior to the recall, what specific costs of quality could Mars incur in the design, production, and distribution of its candy bars? (Minimum of five costs, provide adequate details of each cost).

2) What specific costs were the analysts referring to when estimating that this recall could cost Mars tens of millions of dollars? List as many costs as you can imagine might be incurred related to the recall. (Minimum of five costs, each fully explained).

3)Classify the costs you listed for Mars (both pre-recall and post-recall) by type of quality cost: prevention, appraisal, internal failure, or external failure. (You might use a table to present this neatly).

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

Step: 3

blur-text-image

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

Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits

Authors: M Dillon, C Griffith

1st Edition

1855734508, 978-1855734500

More Books

Students also viewed these Accounting questions

Question

46. GivenMX(t).2.3et.5e3t, ndp(x), E(X), V(X).

Answered: 1 week ago

Question

4. What are the current trends in computer software platforms?

Answered: 1 week ago