– A low-cost furniture company relies on its customers to assemble their products. Give some examples...

– A low-cost furniture company relies on its customers to assemble their products.

Give some examples in which the company is not fulfilling the “Duty of Care” liability and

Negligence. Explain the differences.

Expert Solution

Business firms just like the ones mentioned in our case (i.e. furniture company) get the required fuel for existence and well functioning from the services they offer to their customers. Failing to do so can impact their business, as there can be multiple aspects if a business is having an intention. We here will compare and see what makes the difference for care, liability, and Negligence.

Back to the title of discussion - examples when a furniture company does these activities -

Giving the right information to the customers or buyers, asking them more questions to understand their need and suggest the best suitable product comes under the caring part also to provide after-sales services to any damage with related T&C also is an act of care
Liability: anything performed under the part of one's job can be termed as a liability which possibly could be showcasing the furniture goods, to handle the customer query, to give better customer experience and to make a furniture item that stands on its commitment are acts under liability
Negligence: while working with wood we take care of moisture and temperature otherwise there can be wear and tear possible. If someone ignores these factors while working he is showcasing the act of negligence. failing to warn your customers about the dos and don ts regarding the furniture is also an act of negligence.

Finally, what these terms hold and how they can be differentiated -

Care: to perform an activity with utmost caution to avoid any risk
Liability: your duty or work is your liability as you are committed to performing a set of activity
Negligence: It is just a lack of responsibility

--------------------------------------------------------------------------------------------------------------------------------------------------------------------

Hi Dear,

It is my sincere effort and if you like the answer please gives an Up-Vote, this will definitely encourage me.

Thank You.

keosha answered 10 months ago

A low-cost furniture company relies on its customers to assemble their products. Give some examples in...

A low-cost furniture company relies on its customers to assemble their products. Give some examples in which the company is not fulfilling the “Duty of Care” liability and Negligence. Explain the differences.

Question 1 The Kingsmill Furniture Company sells its products, offering 30 days’ credit to its customers....

Question 1 The Kingsmill Furniture Company sells its products, offering 30 days’ credit to its customers. Uncollectible amounts are estimated to be equal to 2% of credit sales. At the end of the year, the allowance for doubtful accounts is adjusted based on an aging of accounts receivable. The company began 2017 with the following balances in its accounts: Accounts receivable $305,000 Allowance for doubtful accounts (25,500) During 2017, sales on credit were $1,300,000, cash collections from customers were $1,250,000...

16. Your company has sold 80 ready-to-assemble bookcases to customers. You have noticed some disgruntled customers...

16. Your company has sold 80 ready-to-assemble bookcases to customers. You have noticed some disgruntled customers discussing this bookcase on Facebook and Twitter, but they did not mention a specific problem. For two weeks you have been closely monitoring these complaints and finally a customer gives the details you need. This customer says that the instructions for putting the bookcase together were not in the box. After a trip to the warehouse, you confirm that this is a problem and...

Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the...

Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9,600 Depreciation on factory equipment 16,800 Factory supervisor salary 50,000 Sales commissions 23,400 Lubricants used in factory equipment 3,800 Insurance costs for factory 21 comma 000 21,000 Wages paid to maintenance workers 115 comma 600 115,600 Fabric used to upholster furniture 10 comma 700 10,700 Freight minus −in (on raw materials) 3 comma 300 3,300 Costs...

Hillside Furniture Company makes outdoor furniture from recycled products, including plastics and wood by-products. Its three...

Hillside Furniture Company makes outdoor furniture from recycled products, including plastics and wood by-products. Its three furniture products are gliders, chairs with footstools, and tables. The products appeal primarily to cost-conscious consumers and those who value the recycling of materials. The company wholesales its products to retailers and various mass merchandisers. Because of the seasonal nature of the products, most orders are manufactured during the winter months for delivery in the early spring. Michael Cain, founder and owner, is dismayed...

Enterprises manufactures one of the components used to assemble its main company product. Specialty? Products, Inc.,...

Enterprises manufactures one of the components used to assemble its main company product. Specialty? Products, Inc., has offered to make the component at a cost of $12.40 per unit. Nesbitt Enterprises' current cost is $15.00 per unit of the? component, based on the 120,000 components that Nesbitt Enterprises currently produces. This current cost per unit is based on the following? calculations: Direct material per unit $5.50 Direct labor per unit 5.75 Variable manufacturing overhead per unit 0.75 Fixed manufacturing overhead...

Instant Enterprises manufactures one of the components used to assemble its main company product. Specialty? Products,...

Instant Enterprises manufactures one of the components used to assemble its main company product. Specialty? Products, Inc., has offered to make the component at a cost of $12.90 per unit. Instant ?Enterprises' current cost is $18.75 per unit of the? component, based on the 125,000 components that Instant Enterprises currently produces. This current cost per unit is based on the following? calculations: Direct material per unit $5.50 Direct labor per unit 7.25 Variable manufacturing overhead per unit 2.75 Fixed manufacturing...

What do you understand by Fixed Cost and Variable Cost? Give some examples also.

Ahmad is an entrepreneur of a furniture firm producing tables, chair and some other products. Furniture...

Ahmad is an entrepreneur of a furniture firm producing tables, chair and some other products. Furniture industry is so competitive and Ahmad is having many business 2 rivals. In his firm, the cost of production is given by C = 200 + 2q , where q is the level of output and C is total cost. (The marginal cost of production is 4q; the fixed cost is RM200.) i. If the price of a chair is RM100, how many cloth...

Low Cost Leader Strategy What are some of the risks associated with a low cost leadership...

Low Cost Leader Strategy What are some of the risks associated with a low cost leadership strategy? Provide one original example of a company that you believe employs this strategy and why?

Question