Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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a) Explain how you would obtain pricing from UKEP, given that you are an established distributor.
b) Your eText identifies several types of discounts that suppliers are prepared to offer. Identify and describe them. Which discounts might be applicable to you
c) Assuming 3 employees in your Purchasing department, prepare a Table with reasonable estimates of the activity costs of placing an order with UKEP
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- Briefly discuss the following Are Costco’s prices too low? Why or why not?arrow_forwardA pricing strategy is Group of answer choices a long-term approach to setting prices in a companywide integrated effort using one-time seasonal discounts to reduce inventory. using slotting allowances to gain access to distribution channels a short-term approach to setting pricesarrow_forwardAn individual who uses his or her influence to harm others in the company is engaged in O a. property deviance b. production deviance c. personal aggression d. political deviance e. organizational irresponsibilityarrow_forward
- 4. Distinguish between a supplier and a prime vendor. 5. Describe the Farm/School Meals Initiative.arrow_forwardList 5 claims that are made in the advertisement for the ultrasonic pest repeller.arrow_forwardQuestions 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 answerarrow_forward
- An illustrative example of discount price Model after explaining its nature and rules used.arrow_forwardGive an example/situation for 'Predatory Pricing' & 'Functional Discount' practices prohibited under the Competition Act of Canada.arrow_forwardRetail Price Comparison * Use U.S. dollars and stores located in the United States To demonstrate the wide variation in pricing of an identical item, visit three different stores online and compare prices on similar items. Please do not just get on Amazon and compare prices there for an item. Actually visit different independent store websites. It might be really interesting to visit a local store's website and a national store's website, comparing pricing for the same item. 1. Select a category of store. Some suggestions are: Grocery: large chain store, local chain store, convenience store Health and beauty aids: grocery store, drugstore, discount store Over-the-counter drugs: chain drugstore, local drugstore, discount store Clothing: specialty store, department store, discount store 2. Select several items to compare in your category. For example, in the grocery category, you may want to compare a type of cereal, a canned soup, and a snack…arrow_forward
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