Mattress Wholesalers, Inc., is constantly tryingto reduce inventory in its supply chain. Last year, cost ofgoods sold was $7.5 million and inventory was $1.5 million.This year, cost of goods sold is $8.6 million and inventoryinvestment is $1.6 million.a) What were the weeks of supply last year?b) What are the weeks of supply this year?c) Is Mattress Wholesalers making progress in its inventoryreduction effort?
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.”
Mattress Wholesalers, Inc., is constantly trying
to reduce inventory in its supply chain. Last year, cost of
goods sold was $7.5 million and inventory was $1.5 million.
This year, cost of goods sold is $8.6 million and inventory
investment is $1.6 million.
a) What were the weeks of supply last year?
b) What are the weeks of supply this year?
c) Is Mattress Wholesalers making progress in its inventoryreduction effort?
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