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Obj. 2.05

Obj. 2.05. Grades and Standards. Grades and Standards. Why learn about Standards and Grades? How do Standards and Grades effect YOU?. Grades and Standards. What did you eat for Breakfast or Lunch?. Grades and Standards. How did Grades and Standards effect your food?. Fresh Fruit. Milk.

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Obj. 2.05

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  1. Obj. 2.05 Grades and Standards

  2. Grades and Standards • Why learn about Standards and Grades? • How do Standards and Grades effect YOU?

  3. Grades and Standards • What did you eat for Breakfast or Lunch?

  4. Grades and Standards • How did Grades and Standards effect your food? Fresh Fruit Milk Inspected Eggs Appearance and Condition Quality

  5. Other Examples of How Companies Use Grades and Standards • Specific tire sizes to fit our specific cars • ALL children’s fever-reducing medicine contains: • same ingredients • same doses • (regardless of what brand it is)

  6. Other Examples of How Companies Use Grades and Standards • Restaurants: • Ratings • Movies: • Ratings Andy’s Rated: 97.5 Rated: R

  7. What Are Grades and Standards? • Grades: Ratings assigned to products that tell to what extent standards were met • Standards: Specifications that are used as a basis for comparing or judging goods or services

  8. Grades and Standards • What are some standards being used in your classes? • What do you have to do to earn a good grade? A = Excellent!

  9. Grades and Standards • These requirements now become your standards that the teacher uses as her evaluation tool • Your work compared to standards = GRADE

  10. Grades and Standards • How do Businesses use Grades and Standards? • Standards are set • Products are rated against standards and assigned a grade

  11. Grades and Standards • What do businesses do with products that fail to meet lowest standards? • Products are thrown away, • revamped or sold • at discounted prices

  12. Grades and Standards • Why do we use grades and standards? • To make sure products are reliable • How to use a product correctly and • safely • Where certain products can be sold

  13. Grades and Standards • Do you think the GAP will offer low grade clothes at their store? NO! • What would the GAP do with these clothes? Sell at Outlet or Old Navy

  14. Grades and Standards • How do Grades and Standards aid in the buying and selling process? Speeds things up! Consumers do not have to inspect. We know what products rank higher than others.

  15. Grades and Standards • How are grades and • standards important in a • Global Market? • By using certain requirements, • products are known safe to use • internationally. • The standard is known as 1S0 9000

  16. Grades and Standards • What groups develop grades and standards? • Government Agencies: ex. food, medicines, fair advertising • Professional Organizations: ex. Triple A, Rate Hotels • Businesses

  17. Grades and Standards • What are 4 types of standards that businesses use? 1. Quantity - ex. how much will be produced in 1 day 2. Quality 3. Time 4. Cost

  18. Grades and Standards • Examples of Graded Products • Agricultural raw materials- like cotton • Food Products: • USDA- Meat • Dairy • Fresh Produce • Fish • 3. Oil- Graded according to its thickness • 4. Fuel- Graded according to its octane rating • 5. Coal- Graded according to its carbon and sulphur content • 6. Lumber- Hardwoods are graded according to size, quality, and type of wood

  19. Sources • Marketing Essentials MBA-LAPS-PM-008-CS

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