ABC Corporation does site work for large-scale industrial buildings. For a large multiyear project, ABC needs a certain type of excavator that would cost a fortune to own, maintain, and store over the winter months. Instead, ABC enters into a contract with Jacobs Machinery to use one of their machines for the duration of the project. Jacobs Machinery continues to own the excavator and charges ABC a monthly fee. Which pricing policy is ABC using in this scenario?
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ABC Corporation does site work for large-scale industrial buildings. For a large multiyear project, ABC needs a certain type of excavator that would cost a fortune to own, maintain, and store over the winter months. Instead, ABC enters into a contract with Jacobs Machinery to use one of their machines for the duration of the project. Jacobs Machinery continues to own the excavator and charges ABC a monthly fee. Which pricing policy is ABC using in this scenario?
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- Briefly explain these terms:b. Shadow priceHungry Henry's is a take-out pizza chain owned by Dominic Stevens that operates several locations in a city of 45,500 people with an additional 21,500 college students attending the local community college. A specific Italian concept has opened in the area and is offering their pizzas at a 21% lower price than Hungry Henry's pizzas, despite lower quality and quantity of ingredients. As a result, Dominic has identified a decrease in business, particularly among students. What is the effectiveness of the pricing strategy used by the new competitor? What recommendations would you give Dominic to compete with the new rival? What are three techniques you recommend that restaurants can utilize to convey the value of their products in terms of quality, rather than just low cost, to potential customers?21) The volume packs so typical of the products sold at Costco demonstrate multiple-unit pricing. A) True B) False 22) The geographic pricing arrangement of F.O.B. Destination sees the buyer paying for the costs of the freight. A) True B) False 23) A supplier pays a retailer a shelving allowance for the purpose of securing shelf space. A) True B) False 24) A manufacturer that keeps a record of customer volume and issues cheques at a later date to cover allowances earned over the term of the offer is allowing a discount on the basis of a bill-back. A) True B) False 25) "3/10, net 30" means that a customer whose payment is received 3 to 10 days after reception of the invoice will get a 30% discount. A) True B) False 26) The buying committee turned to the sales manager of a new line of cereals and stated that it would cost the company $50,000 to get the products listed and placed on their store shelves. The buying committee is asking for a slotting allowance.…
- Considering the situation of potential firms making agreements with incumbents within the framework of the basic assumptions of Bain's limit pricing theory, comprehensively evaluate the necessary explanations and explain the concept of "market entry" according to Bain..You own Athleticon, which manufactures athletic wear. Your new contract with Atlanta United, a professional soccer team, allows Athleticon to be the sole suppler of athletic wear with the “Atlanta United” logo. No one lese can manufacture athletic wear with the “Atlanta United” logo. What do you think will be Athleticon’s level of profitability on the sale of “Atlanta United” athletic wear? Explain why. Your contract with Atlanta United only lasts 3 years. It was not renewed. Other firms can now manufacture athletic wear with the “Atlanta United” logo 2. What would you expect to happen to the price of “Atlanta United” athletic wear? Explain why.Pricing Scenario: You just won a new laptop in a contest, and you decide to sell your old one. You do not have a lot of money and want to get the highest price possible for your old laptop. It is a Mac that you bought brand new last year. You are listing the laptop online, and you need to identify the price What price would you list your laptop for?
- Under the UCC, a firm offer only applies to Group of answer choices merchants. merchants and nonmerchants. nonmerchants. option contracts.Please do not give solution in image formate thanku. Demand for phones at Amazon is 5,000 per month. The holding cost as Amazon is 25 percent and the company incurs a fixed cost of $500 for each order placed. the supplier offers a marginal unit quantity discount with a price of $200 per phone for the first 10,000 phones in an order, a price of $195 for the next 10,000 phones in the order, an a price of $190 for the quantity above 20,000 in the order. How many phones should amazon order per replenishment?? (Please include formulas used)Amy Lloyd is interested in leasing a new Honda and has contacted three automobile dealers for pricing information. Each dealer offered Amy a closed-end 36-month lease with no down payment due at the time of signing. Each lease includes a monthly charge and a mileage allowance. Additional miles receive a surcharge on a per-mile basis. The monthly lease cost, the mileage allowance, and the cost for additional miles follow: Dealer Monthly Cost Mileage Allowance Cost per Additional Mile Hepburn Honda $299 36,000 $0.15 Midtown Motors $310 45,000 $0.20 Hopkins Automotive $325 54,000 $0.15 Amy decided to choose the lease option that will minimize her total 36-month cost. The difficulty is that Amy is not sure how many miles she will drive over the next three years. For purposes of this decision, she believes it is reasonable to assume that she will drive 12,000 miles per year, 15,000 miles per year, or 18,000 miles per year. With this assumption Amy estimated her total costs…
- Scissors, a local hair salon, practices a known form of price discrimination by charging students and senior citizens a discounted price of R80.00 for a haircut, while all other regular customers are charged R120.00 per cut. With the aid of a graphical illustration, identify the type of price discrimination practiced and explain the firm’s pricing strategy to maximise profits.Relevant Cost Exercises Each of the following situations is independent:a. Make or Buy Terry Inc. manufactures machine parts for aircraft engines. CEO Bucky Waltersis considering an offer from a subcontractor to provide 2,000 units of product OP89 for $120,000.If Terry does not purchase these parts from the subcontractor, it must continue to produce themin-house with these costs:[LO 11-1, 11-2, 11-3,11-4, 11-7]Cost per UnitDirect materials $28Direct labor 18Variable overhead 16Allocated fixed overhead 4Required1. What is the relevant cost (per unit, rounded to 2 decimal places) to make the product internally?2. What is the estimated increase or decrease in short-term operating profit of producing the productinternally versus purchasing the product from a supplier? (Round your answer to nearest whole dollar.)3. What strategic considerations likely bear on this make-vs.-buy decision?Ahmed wants to Suy a used refrigerator. His reservation price is 300 AED. Saeed would not accept less than 250 AED for his old refrigerator. Explain whether Saeed would complete the sale using the concept of reservation price.