Obj. 2.05Grades 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      Mi...
Other Examples of How Companies      Use Grades and Standards• Specific tire sizes to fit  our specific cars• ALL children...
Other Examples of How Companies    Use Grades and Standards• Movies:          •Restaurants:  – Ratings          –Ratings  ...
What Are Grades and Standards?• Grades: Ratings  assigned to products  that tell to what  extent standards were  met• Stan...
Grades and Standards• What are  some                         •What do  standards                    you have to  being    ...
Grades and Standards• These requirements now become  your standards that the teacher uses  as her evaluation tool• Your wo...
Grades and Standards• How do Businesses use Grades and  Standards?  – Standards are set  – Products are rated against stan...
Grades and Standards• What do businesses do with products  that fail to meet lowest standards?      – Products are thrown ...
Grades and Standards• Why do we use grades and standards?  – To make sure products are reliable  – How to use a product co...
Grades and Standards• Do you think the GAP will offer low grade  clothes at their store?                     NO!• What wou...
Grades and Standards• How do Grades and Standards aid in the  buying and selling process?           Speeds things up! Cons...
Grades and Standards• How are grades and standards important in a Global Market?–By using certain requirements, products a...
Grades and Standards• What groups develop grades and standards?  – Government Agencies: ex. food, medicines, fair    adver...
Grades and Standards• What are 4 types of standards that businesses  use?     1. Quantity        - ex. how much will be pr...
Grades and Standards• Examples of Graded Products    1. Agricultural raw materials- like cotton    3. Food Products:      ...
Sources• Marketing Essentials   MBA-LAPS-PM-008-CS
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Marketing Obj 2.05 pp[1]

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Marketing Obj 2.05 pp[1]

  1. 1. Obj. 2.05Grades and Standards
  2. 2. Grades and Standards• Why learn about Standards and Grades?• How do Standards and Grades effect YOU?
  3. 3. Grades and Standards• What did you eat for Breakfast or Lunch?
  4. 4. Grades and Standards• How did Grades and Standards effect your food? Fresh Fruit Milk Inspected Eggs Quality Appearance and Condition
  5. 5. Other Examples of How Companies Use Grades and Standards• Specific tire sizes to fit our specific cars• ALL children’s fever-reducing medicinecontains: • same ingredients • same doses (regardless of what brand it is)
  6. 6. Other Examples of How Companies Use Grades and Standards• Movies: •Restaurants: – Ratings –Ratings Andy’s Rated: R Rated: 97.5
  7. 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. 8. Grades and Standards• What are some •What do standards you have to being do to earn a used in good grade? your classes? A = Excellent!
  9. 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. 10. Grades and Standards• How do Businesses use Grades and Standards? – Standards are set – Products are rated against standards and assigned a grade
  11. 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. 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. 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. 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. 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. 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. 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. 18. Grades and Standards• Examples of Graded Products 1. Agricultural raw materials- like cotton 3. Food Products: a. USDA- Meat b. Dairy c. Fresh Produce d. 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. 19. Sources• Marketing Essentials MBA-LAPS-PM-008-CS

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