Briefly discuss the following Are Costco’s prices too low? Why or why not?

a) Using relevant illustrations,distinguish between a supply schedule and suppl curves b) How relevant is the theory of supply to business firms today

5. What is supply and what are its approaches/types ? Mention them.

Explain why a product or service’s contribution (selling price minus variable cost) is an important element in developing a marketing strategy, giving examples to illustrate your answer.

The price change decisions in a supply chain are solely decided by a retailer. True or False? Explain your answer briefly. What is the impact on profit and inventory by running a promotion in the peak demand periods vs. low demand period?

how does inventory cost affect inventory size? Explain?

Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.47 million and inventory was $1.49 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.59 million. a) What was its weeks of supply last year? b) What is its weeks of supply this year? c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has weeks (round your response to two decimal places). weeks (round your response to two decimal places). ✔ Mattress Wholesalers is making in its inventory-reduction effort.

Why do most demand curves demonstrate an inverse relationship between price and quantity?

Your friend Brianna is considering getting a credit card. She is going to use the credit card to help build her credit. The credit card she is considering has an APR of 24.99%. It also has a yearly fee of $150.00, but it does offer 1% cash back on most purchases. She asks you for your advice. Use CER to answer the question: Should Brianna get the credit card?

Questions 1: The objectives of procurement and purchasing function at the organization have evolved far beyond the traditional mantra of ensuring we "get a good price!" Discuss how this role has changed. Explain the major objectives of procurement and purchasing function in the organization. Provide relevant examples to support your answer Questions 2 Improving the Procure-to-Pay ("P2P") system involves automation of all transactional activities associated with the thread of events that occur from the time of buying a good or service, through the release mechanism, to the point of Issuing payment. Elaborate the steps in Managing the Procure-to-Pay Process. Provide relevant examoles to support your answer