Why is it important to understand the different cost involved in manufacturing a product? What is the most important cost to understand and why?
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A: project schedule
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- Explain the two methods for reducing total product costs to achieve a desired target cost. Which is morecommon in the consumer electronics industries? In the specialized equipment manufacturing industries?2. Customers take into account various factors beyond just the monetary value when evaluating the worth of a product or service. The concept of 'Total Value' involves considering the overall perceived benefits in relation to the overall perceived price. Demonstrate your understanding of this concept by discussing the following scenarios, and for each, assess the Total Benefits and Total Price a Customer may consider: A Vehicle A Haircut A Laptop A Degree A ShoeDo the following interpretations have ethical ramifications? Companies owe it to their customers and shareholders to hire the world's greatest people for the lowest possible price.
- How likely is the sales manager will be successful in the short term in cut the price as strategy to stimulate interest and convince other business operators to buy products from our company?During each stage of a product's life cycle, the types and levels of sales, profits, and competition rise, peak, and eventually decline. The product life cycle defines the stages that new products move through as they enter, are established in, and ultimately leave the marketplace. In their life cycles, products pass through four stages: introduction, growth, maturity, and decline. The product life cycle offers a useful tool for managers to analyze the types of strategies that may be required over the life of their products. Even the strategic emphasis of a firm and its marketing mix (4Ps) strategies can be adapted from insights about the characteristics of each stage of the cycle. Read each statement and categorize it by the market attributes and consumer types that characterize each product life cycle stage. Place each item in the correct box on the chart. Intense competition Jonas Winnie Niche segment Sylvie Francine Low sales Opportunities increase Marketing costs (e.g., promotion,…How do vendor negotiations and software licensing agreements impact cost estimations?
