Purchase Solution

Explain how higher quality can lead to lower costs

Not what you're looking for?

Ask Custom Question

Explain how higher quality can lead to lower costs.

Please include references.

Purchase this Solution

Solution Summary

The expert explains how higher quality can lead to lower costs.

Solution Preview

Consider the hiring process for employment. An employer that hires a candidate with less skills and knowledge or may be even falsify his resume will cost the company even more compared to a candidate who has all the required experience and knowledge to execute the job. For example, the inexperienced candidate may make a lot of huge mistakes such as sending letter that contains a customer's social security, birth date, ending balance on their bank statements, etc. to a different customer by mistake. The customer whose identity is on the letter that was sent to the other customer may sue the company and the company will end up paying thousands or even millions for the little human error that the inexperienced candidate made. Thus, hiring higher quality candidates can reduce the costs to the company. Another is working in team work. It is crucial to work ...

Purchase this Solution

Free BrainMass Quizzes
Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.