Which of the following are reasonable ways to deal with excess demand? (select ALL correct answers) increase advertising reduce prices reduce advertising use all available capacity to make the product with the highest CM per unit of capacity
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- Exercises + Suppose that we made an AHP analysis based on the following comparison tables Value R1 R2 R3 R1 1 9. R2 1 R3 1 Cost R1 R2 R3 R1 1 1/7 1/5 R2 1 1/9 R3 1 1) Draw the value cost diagram from these tables 2) From the diagram, rank the requirements according to their priorities starting from the highest priority Dr. Quta Shambour PArt Requirciments AnalyWhich of the following are reasonable ways to deal with excess supply? (select ALL correct answers) reduce prices increase advertising use all available capacity to make the product with the highest CM per unit of capacity find special orders at a discounted price "fire" small customersThe line that begins at the origin on a CVP graph represents total expenses. total fixed expenses. total sales revenues. both the total expenses and the total sales revenues. Which of the following best describes the concept of a "constraint?" Expected future costs that differ among alternatives. None of the items in this list of answers. A benefit foregone by choosing one alternative course over another. The distribution of all products to be sold.
- The following series of statements or phrases are associated with product life-cycle viewpoints. Identify whether each one is associated with the marketing, production, or customer viewpoint. Where possible, identify the particular characteristic being described. If the statement or phrase fits more than one viewpoint, label it as interactive. Explain the interaction. a. Sales are increasing at an increasing rate. b. The cost of maintaining the product after it is purchased. c. The product is losing market acceptance and sales are beginning to decrease. d. A design is chosen to minimize post-purchase costs. e. Ninety percent or more of the costs are committed during the development stage. f. The length of time that the product serves the needs of a customer. g. All the costs associated with a product for its entire life cycle. h. The time in which a product generates revenue for a company. i. Profits tend to reach peak levels during this stage. j. Customers have the lowest price sensitivity during this stage. k. Describes the general sales pattern of a product as it passes through distinct life-cycle stages. l. The concern is with product performance and price. m. Actions taken so that life-cycle profits are maximized. n. Emphasizes internal activities that are needed to develop, produce, market, and service products.Refer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above costWhich of the following is a true statement? O The mark-up is designed to cover all non-product costs, such as labor, utilities, supplies, interest expense, taxes, and also to provide the desired profit. Everything else being the same, the multiple for the ingredient mark-up approach to pricing will be smaller than the multiple for the prime ingredient mark-up approach. In the ingredient mark-up approach to pricing, the multiple is determined by dividing 1 by the desired product cost percentage. O All of the above. Only a. and c. above. QUESTION 21 The Hotel is located on Jeju Island, Korea, a popular honeymoon destination area. For two weeks every spring, thousands of newlyweds travel to the area for fun and relaxation. Which of the following yield management tactics would make sense for pricing rooms during these two weeks? O Refuse reservations for one-night stays. O Sell all rooms at the same rates during these two weeks. Require a three-day minimum stay at the quoted rate for each…
- Your manager would like you to conduct sensitivity analysis to see how changing both the price and unit cost of a product affect profits. The following data is provided to you. Which of the following actions needs to be completed before building a data table? 26 27 Price 28 Demand 29 Unit cost 30 Fixed cost 31 Revenue 32 Variable cost 33 Profit B с 50.00 28,000.0 12.00 D E Copied Cells 50.0 62,000.0 1,400,000.0=C28 C27 336,000.0=C28 C29 1,798,000.0 SUM(C31,C32.C30) Select one: The incorrect cells have been 'copied' and this will result in a 12.0Price accuracy and right product offering are important aspect of an efficient order-to-cash (OTC). How can it be achieved with a properly managed OTC? What are your suggestions? Why? (Explain in min. 3-4 sentences.)Assume that a newly implemented ABC system concludes that the number of orders placed is the best cost driver for the order-filling activity. Assign order-filling costs using this driver to each customer type and then calculate the new unit bid price for each customer type. Note: Do not round interim calculations. Round the final order cost allocation to the nearest whole dollar. Round final bid prices to the nearest cent.
- Compute It can use ABC information for what decisions? Cost-cutting Pricing Product mix Items a, b, and c are all correct.PLEASE USE THIS TIME TO ANSWER THIS. AYAW NA PAGHULAT UG DEADLINE, TOMORROW IS ANOTHER DAY. PLEASE DEFINE AND GIVE THE FORMULA OF THE FOLLOWING (IF THERE IS ANY): PLEASE ANSWER HERE DIRECTLY 1. absorption costing 2. activity bases (drivers) 3. break-even polnt 4. contributlon margin 5. contributlon margin ratlo 6. cost behavlor 7. cost-volume-profit analysls 8. cost-volume-profit chartThree major influences on pricing decisions are ________. A. continuous improvement, customer satisfaction, and supply B. variable costs, fixed costs, and mixed costs C. competition, demand, and production efficiency D. competition, costs, and customers
