1. Discuss each of the following objectives listed and the relationship each has withjob shop performance.a. Reduce WIP inventory.b. Provide a high level of customer service.c. Reduce worker idle time.d. Improve factory efficiency.2. In Problem 1, why are (a) and (c) conflicting objectives, and why are (b) and (d)conflicting objectives?
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.”
1. Discuss each of the following objectives listed and the relationship each has with
job shop performance.
a. Reduce WIP inventory.
b. Provide a high level of customer service.
c. Reduce worker idle time.
d. Improve factory efficiency.
2. In Problem 1, why are (a) and (c) conflicting objectives, and why are (b) and (d)
conflicting objectives?
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