Define the term Shadow prices?

Q: What does this chart show?

A: Given chart,  

Q: Describe what is the graphical method?

A: The Graphical Method is one of the linear programming methods used to solve problems by calculating ...

Q: Bagot Copy Shop has a volume of 125,000 black-and-whitecopies per month. Two salespeople have made p...

A: Formula:

Q: At Dot Com, a large retailer of popular books, demand is constant at 32,000 books per year. The cost...

A: Note:- We’ll answer the first three subparts of the question since the exact one wasn’t specified. P...

Q: A process currently services an average of 50 customers per day. Observations in recent weeks show t...

A: The current capacity is utilized to 90 percent is: 500.90=55.56 or 56 It is given that the demand is...

Q: Under ideal conditions, a service bay at a Fast Lubecan serve 6 cars per hour. The effective capacit...

A: Given information  Cars per hour - 6  Service bay = 5.5  Service bay = 0.880 Anticipated servicing =...

Q: 1) Tabrane Pharmaceuticals is planning to open a new manufacturing facility as part of its expansion...

A: The formula for calculating weight score is, Weight score = ∑(weight×factor) Now implementing this f...

Q: 1. What trade-offs are involved in (a) sharing information with other organizations in a supply chai...

A: Trade-offs occur when there is an exchange of information, material or any other valuable resource. ...

Q: what type of industry is Goodwill Industries?  whar the products/services at Goodwill Industries?

A:  This is non -profit industry that provides different types of job training and services related to ...

Q: System capacity is based on:a) the bottleneck.b) throughput time.c) time of the fastest station.d) t...

A: System capacity is the maximum output of the specific product or product mix that the system of work...

Q: Но

A: Bill of material: is the list or the bill of the raw materials parts components subassemblies and as...

Q: Overall, would it be more profitable for a business to follow the economic model or the socioeconomi...

A: The social-economic model refers to the willingness of members of society, through social cooperatio...

Q: are primarily concerned with the salesperson's friendliness. The dealership should be especially con...

A: The correct answer is Communication.

Q: how organizational vision and strategies have influenced Goodwill Industries' history.

A: Let’s understand how organizational vision and strategies have influenced Goodwill Industries' histo...

Q: As the HR manager, it is your responsibility to assess the training efforts, to conduct the training...

A: As the HR manager, it is your responsibility to assess the training efforts, to conduct the training...

Q: Who needs to be involved in formulating organizational strategy?

A: Organizational strategy is the strategy or the plan which is for long term and it routes towards the...

Q: Explain the concept of backward scheduling and give examples of how you use backward scheduling in y...

A: Scheduling is the method of arranging, handling and maximizing work and workloads in a production pr...

Q: Explain the importance of respect for people in JIT

A: The importance of respect for people in JIT:  

Q: Identify the physiological, psychological, and behavioral symptoms of stress at work.

A: Stress in the workplace, then, refers to the harmful reactions that may arise when the job's specifi...

Q: Write a note on “Impact of Intelligent Transport Systems on Logistics Management”.

A: Logistics and transportation are interlinked to one another or one can say that transportation is th...

Q: Glen Evans is an emergency medical technician for alocal rescue team and is routinely called on to r...

A: Formula:

Q: A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 280 pounds annually. The b...

A:   a).Economic Order Quantity     =2× annual demand × ordering costcarrying cost= 2×280×450.48=229 .1...

Q: The time-phased net requirements for the base assembly in a table lamp over the next six weeks areWe...

A: The objective of EOQ is to determine the optimal number of units that need to be produced in a given...

Q: Oscar’s Bowling, Inc., wants to break into the Phoenix metropolitan market with one of its super-siz...

A: Solution a) The coordinates using center of gravity method us given by- x=∑li×xi∑liy=∑li×yi∑li  

Q: Identify and evaluate the activities that need to be undertaken in the planning phase of the project...

A: The project management process describes how an organization performs its processes to achieve maxim...

Q: Which of the determinants of service quality involves having the customer checking the building and ...

A: The correct answer is Security.

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.”