give four examples of variation that can occur in a business

Expert Solution

Examples of variations in business:

While qualitatively measuring the variance of taste or texture of a consumer good, the customer so not take the average if the tastes from last time, instead they think in terms of which one tasted better the last time he bought it.
Another variation example is measurement based on variation of time not the average. For eg a customer measures the time the courier service of a particular business take to ship a bigger item compared to a relatively smaller item.
In process variation the customer is always evaluating the services , products and processes to determine how well they are meeting their critical to quality. For example : the customers are consistently evaluating and comparing the online shopping sites.
In businesses manufacturing, capital investment, sales ratio, purchase rates etc have a positive effect which allows firms that put more resources on performance better.

Rahul Sunny answered 1 year ago

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