The profit-leverage effect of supply savings means that: a. effective price negotiations with a supplier will lower the supplier's profits. b. a percentage increase in reduction of purchase spend results a percentage increase of the profit. c.the buyer gains leverage over suppliers when purchases are increased. d.a reduction in money tied up in inventory improves profits.
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The profit-leverage effect of supply savings means that:
a. effective price negotiations with a supplier will lower the supplier's profits.
b. a percentage increase in reduction of purchase spend results a percentage increase of the profit.
c.the buyer gains leverage over suppliers when purchases are increased.
d.a reduction in money tied up in inventory improves profits.
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- You can sell 60 pet chia per week if they are marked as $1 each , but only 50 per week if they are marked $2 per chia. Your chia supplier is prepared to sell you 10 chias per weekif they are marked $1 per chia, and 20 per week if they are marked $2 per chia. At what price should the chias be marked so that there is neither surplus nor a shortage of chias?The smaller the profit margin, perhaps due to everyday low-pricing strategy or due to operational inefficiencies, the more important it is to focus on Multiple Choice decreasing product cycle time. cutting costs out of the supply chain. increasing product variation and availability. decreasing product cycle time and increasing product variation and availabilityThe smaller the profit margin, perhaps due to everyday low-pricing strategy or due to operational inefficiencies, the more important it is to focus on Multiple Choice decreasing product cycle time. cutting costs out of the supply chain. increasing product variation and availability. decreasing product cycle time and increasing product variation and availabilityWhich of these situations is likely to cause high bargaining power of suppliers? a.A few large suppliers dominate the market supply b.Many alternative sources of supply c.Resource inputs are not essential to product quality d. Many customers with low brand loyalty
- A business buying situation in which the buyer named M/s. Anglo Fastners routinely reorders to purchase the materials for the factory without modifications is called as a. Modified rebuy b. Straight rebuy c. New task d. Systems SellingRefer to the slides on buy-back contracts to answer this question. A publisher sells books to Borders at $12 each. The marginal production cost for the publisher is $1 per book. Borders prices the book to its customers at $24 and expects demand over the next two months to be normally distributed, with a mean of $20,000 and a standard deviation of $5000. Borders places a single order with the publisher for delivery at the beginning of the two-month period. Currently, Borders discounts any unsold books at the end of the two months down to $3, and any books that did not sell at full price sell at this price. How many books should Borders order? What is the expected profit? How many books does it expect to sell at a discount? What is the profit that the publisher makes given Borders’ actions? A plan under discussion is for the publisher to refund Borders $5 per book that does not sell during the two-month period. As before, Borders will discount them to $3 and sell any that remain.…20. Identifying true or false: I - Just-in-time purchasing is guided solely by the economic order quantity. II - Companies that implement JIT purchasing will switch their suppliers when another supplier offers alower price. III - Just-in-time purchasing describes the flow of goods, services, and information from the initial sourcesof materials and services to the delivery of products to consumers, regardless of whether those activities occur in the same organization or in other organizations Group of answer choices All are false. T, T, F F, F, T All are true T, F, T
- What does the elasticity coefficient refer to? a Od It is the responsiveness of price to a change in quantity demanded It is price multiplied by the quantity of the product sold It indicates the responsiveness of quantity demanded to a change in price It is quantity demanded at any given price.121) The difference between what a consumer would be willing to pay and the price actually paid is referred to as: a) Consumer’s demand b) Consumer’s surplus c) Supplier surplus d) Supplier demandAs manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Selling Price Variable Cost % of Revenue Soft Drink $1.20 $0.70 24 Wine $2.00 $1.00 26 Coffee $1.00 $0.35 30 Candy $0.75 $0.30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $250.00 (5 booths with 3 people each). Even if nothing is sold, your labor cost will be $250.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $80.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in…
- A purchasing agent need not worry about a tiny difference in price when a large quantity is being bough; True or FalseAs manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far: Item Selling Price Variable Cost % of Revenue Soft Drink $1.00 S0.70 25 Wine $2.00 $0.95 25 Coffee $1.25 $0.30 30 Candy $1.20 $0.30 20 Last year's manager, Scott Ellis, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $280.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $280.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $60.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for wine = servings…Whole Nature Foods sells a gluten-free product for which theannual demand is 5,000 boxes. At the moment, it is paying $6.40 for each box; carrying cost is 25% of the unit cost; order-ing costs are $25. A new supplier has offered to sell the same item for $6.00 if Whole Nature Foods buys at least 3,000 boxesper order. Should the firm stick with the old supplier, or takeadvantage of the new quantity discount?