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

Q: Discuss. Why might a business choose to adopt a penetration pricing strategy

A: Businesses use penetration pricing, a strategy that involves launching a new product or service at a…

Q: Best order? Why do few companies measure orders? Discuss indirect cost reduction and service buying…

A: Best Order Supply chain metrics include the perfect order rate, which is the proportion of orders…

Q: You have identified 4 possible ways of meeting demand for your products. Option Fixed Cost…

A: Total cost = Total Fixed cost + (Total variable cost * number of units produced) Total cost means…

Q: What is the main objective of purchasing?

A: The most important function of material management is purchasing. Materials account for a sizable…

Q: Sanjit sells homemade gyros from his stand next to campus. Students flock to his stand to buy his…

A: Sanjit's homemade gyros stand, while attracting a steady stream of students, faces the challenge of…

Q: identified Price competitiveness risk and purpose solution using Plan-Do-Check-Act cycle

A: The Plan-Do-Check-Act cycle is a four-venture model for doing change. Similarly as a circle has no…

Q: Discuss bestselling strategies, such as bulk pricing, repeat customer discounts, samples for…

A: Employing a good selling strategy plays a significant role in motivating customers to make special…

Q: Price strategy is one of important component of service marketing. Why is the pricing of services…

A: Various businesses which provide services do not come up with a good and fair and profitable price…

Q: )explain the challenges in carrying out procurement plan

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What is cost-of-service pricing? What is the relationship between value-of-service pric- ing and…

A: Cost service Pricing -  It is the type of pricing which is related with the various things and use…

Q: Talk about the prices of the “DeLonghi Dedica Coffee Machine “ in the market now, and do you…

A: INTRODUCTION - Enjoy a thick, silky espresso or use the Adjustable Cappuccino System to add a…

Q: Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year,…

A: Given data Cost of goods sold last years = $7.48million Cost of inventory = $1.53 million Cost of…

Q: Procurement route  Differentiate between two major procurement routes in term of (identification,…

A: Procurement can be defined as the action of finding and obtaining goods or services from any…

Q: What is cost-of-service pricing? What is the relationship between value-ofservice pricing and…

A: Service pricing is described as a strategy that is used to set prices of the services that are fair…

Q: why and how companies should manage inventory level?

A: Inventory level:- The amount of inventory you have available across your whole distribution network…

Q: 1. identify two other specific industries that use yield management pricing.  2. What are some…

A: Yield management is a business strategy used by companies in which they sell the service to the…

Q: S WHolasalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of…

A: ANSWER : A For last year cost of goods sold = $7.46 millioninventory = $1.49 million firstly , we…

Q: Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of…

A: Given data Cost of goods sold last year = $7.47million Cost of inventory = $1.53 million Cost of…

Q: Discuss the Legality of Price Strategy?

A: Price is the money exchanged for a product in a marketing transaction; it can also be goods…

Q: Explain the Purchasing portfolio of papa john's pizza

A: Dad John's Pizza began in 1984 in the town of Jeffersonville in Kentucky, U.S.A. It is a notable…

Q: Explain the term Zone pricing?

A: Depending upon geographical locations pricing can be effectively classified to a specific group…

Q: valuate its procurement process and strategies and provide your feedback on the strategies applied…

A: Zara SA, adapted as ZARA, is a Spanish clothing retailer situated in Arteixo (A Coruña) in Galicia…

Q: How can we relate pricing and revenge management in a supply chain of nestle

A: Supply chain management is the management where goods and services flow in chain system and…

Q: Current Marketing Mix (4Ps) for WALMART Pricing Strategy How is your product or service priced…

A: Marketing Mix Marketing mix of an organization focuses on various parts. In simpler words, it is a…

Q: please conduct an external factor valuation based on shoppee

A: Shopee is an online trade platform with a payment system that has been integrated, extensive sales…

Q: Describe activity-based costing, the steps in developing an ABC system, and thebenefits of an ABC…

A: ABC analysis stands for Activity-based-costing. It follows the Pareto principle 80/20 of vital few…

Q: How can you protect your retail store from these competitive threats in terms of Price Strategy?

A: Retailer: He/she is a person who purchases products or services in bulk quantities from…

Q: Discuss the following briefly. 1. Pricing 2. Price 3. Payment 4. Costing 5. Cost

A: 1. Pricing : Pricing is defined as the process of creating value to the products and services…

Q: As competitive forces increases, customers demand better products, faster delivery, increased…

A: Management is defined as the activities undertaken in the corporate to manage the people and unite…

Q: Toyota Motors is trying to assess the performance of two manufacturers that could supply music…

A: Toyota making a buying decision a supplier has to go through the manufacturer’s proposals first,…

Q: Asap Company XYZ is considering offering a new service in the field of telecommunication, in your…

A: The competitive advantage is defined as the favorable position of the business from where they…

Q: Discuss costs must be balanced and minimised through inventory control

A: Inventory management is the activity of maintaining the correct number of products at the proper…

Q: Explain how supply managers may avoid occurrences events in the future?

A: A manager is accountable for the company's seamless running. Controlling resources, utilizing them…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”