Describe what is more important for a purchasing transaction, price timing or quality
Q: Purchasing department can determine the right prices by: Select one: Using cost structure of the…
A: Determination of the right value may be a troublesome task. it's the most object of any organization…
Q: Which phase in the 8 Phases Involved in Organizational Purchasing Decision Making is the most…
A: The eight phases involved in the organization purchasing decision making are, 1. Recognition of the…
Q: Explain the terms cost and costing, as well as the function that costing plays in product…
A: The question is related to Cost, Costing and function that costing plays in product management.
Q: Explain why there is a multitude of different types of shampoos in the market shelves, many of which…
A: There is a multitude of different types of shampoo because there is a magnitude of different types…
Q: Price Resistance often surfaces during the negotiation phase of any sale. Firstly, what in your…
A: Price negotiation means making any attempt by the buyers to reduce the price while making the final…
Q: How should a manager decide the appropriate service level for finished goods items? Should some…
A: Service level is the estimated likelihood of not hitting a stock-out during the next replenishment…
Q: purchasing is believe to fulfil three major functions: Buy at a low price, ensure timely delivery…
A: Buying offices are at the focal point of successful supply chain the executives. Commonly, they…
Q: Label each of the following range names as “Correct" if is a valid range name in Excel or…
A: Below is the solution:-
Q: WHAT ARE THE USUAL ISSUES A WATER REFILLING STATION FACES AGAINST ITS COMPETITORS WHEN IT COMES TO…
A: Water refill station- Consumers can get safe, drinkable water from a water refilling business. Water…
Q: why the chosen price proposed would maximize the revenue?
A: You must sell your old phone or laptop yourself if you want to obtain the top price for it. That…
Q: Price has been the primary criteria for selecting suppliers traditionally. Select one a . False…
A: A vital thought in picking a provider might be affordability. Be that as it may, modest suppliers…
Q: eveloped a new weight-loss breakfast Shake that has proven to be successful in the test market…
A: The most appropriate and effective pricing strategy in the initial phase of the product being…
Q: What are the four methods used in by-product costing, and how do they differ? Which is the…
A: As we all know that “by-products” is generally used to denote one or more products of relatively…
Q: What are the major price implications of the PIMS studies?Suggest possible explanations for the…
A: Profit Impact of Market Strategies: PIMS is a long-term research project of business units (SBUs)…
Q: Please provide examples of three products with independent demand and three products with dependent…
A: The demand patterns which I would use to control the forecast are: Quantitative Method: Quantitative…
Q: Comment on “Price is a measure of the product’s quality and performance.” Prove your answer and cite…
A: PRICE: Price refers to the actual amount paid by the customers in exchange for the goods or…
Q: A purchasing agent need not worry about a tiny difference in price when a large quantity is being…
A: The purchase decision is the fourth stage of the consumer decision-making process, and it is when…
Q: Explain why it is more important for a purchasing transaction, price , timing or quality
A: Purchasing is the method of obtaining goods and services in order to accomplish a business's…
Q: Price: What is the price for coca-cola
A: PRICING STRATEGY OF COCA COLA The amount of money charged for a product or service, or sum of the…
Q: Why is it important to capture the transaction-level data associated with all purchasing processes?
A: Transactional data is associated with an organization’s transaction data that is stored when a sale…
Q: Which among the eight-vendor identification steps is crucial? Why?
A: It is very important to find a suitable vendor for the firm because lots of work will depend on the…
Q: Overview the social and legal issues that affect pricing decisions.
A: Pricing decisions in Marketing refers to the means of finding out the value of the product at which…
Q: Explain how purchasing becomes aware of purchase requirements ?
A: Below is the solution:-
Q: Put the following steps of the purchasing process in the correct order. Label # 1 being the first…
A: The consumer purchase decision process refers to the process through which a consumer goes when he…
Q: Ethical sourcing (ES) and sustainable sourcing (SS) are becoming an important issue in purchasing…
A: It is true that ethical sourcing and sustainable sourcing has become a vital issue while purchasing…
Q: what is an amount deducted from the list price that is granted by a supplier of goods/services on…
A: When a supplier reduces or deducts any amount of price from the specifically listed price of the…
Q: ________ is the price that the suppliers require the buyer to pay for the product: Select one: a.…
A: The amount paid by the buyers to purchase the product from the seller is the price. IT helps in the…
Q: Discuss the key issues related to initiating and responding to price changes?
A: The issues relating to pricing goes a wide array of socio economic factors. Some of which are…
Q: _________ touch points occur as customers learn about and choose products. Group of answer choices…
A: Customer touch-points - The interactions either offline or online that customers have with the…
Q: Explain how can a purchasing department influence the financial performance of a large manufacturer.
A: Any capability that wishes to be effective must establish specific, measurable goals for itself and…
Q: What are the advantages of sending price change orders ahead of time
A: The companies should decide the price of their product or service according to their target market.…
Q: Briefly explain what assessments a business manager must take in connection with pricing of…
A: Pricing is how a company determines the price at which a product or service is sold and is often the…
Q: What are the three possible starting points for the process of setting an initial price as…
A: There seem to be varied instances within which a vendor ought to devise a price for an item that…
Q: Examine and compare software purchasing choices, including both traditional and web-based ones.
A: Purchasing has an overwhelming impact on the bottom line of every organization and impact on the…
Q: Explain why a product or service’s contribution (selling price minus variable cost) is an important…
A: The product and service plays a very important role in creating right marketing decisions. It plays…
Q: Once a company determines a base price, a series of price tactics are often offered to help…
A: Pricing relates to setting up the price for a product or service. Pricing is a part of the marketing…
Q: Demonstrate how the product life cycle, competition, distribution and promotion strategies, customer…
A: The price of a product keeps on alternating as it progresses through its life cycle, as demand for…
Q: Compare the two types of purchasing methods namely contract purchasing or spot purchasing in terms…
A: Cost of quality (COQ) is characterized as a procedure that permits an association to decide the…
Q: Purchase planning is not a part of supply chain planning. Select one: a. True b. False
A: The above statement is FALSE.
Q: Evaluate the likely impact on the finances of a business of using a pricing strategy such as that…
A: Management of the financial resources of an organization is an important part of the organization.…
Q: Describe what are the factors M&S should consider while setting their new products price
A: Price is the monetary value set by the marketer on the product. This is the value perceived by the…
Q: Home Shopping" TV channels normally offer products that viewers will not get to see anywhere else.…
A: The home shopping Tv channels normally have unique strategy of marketing and various promotional…
Describe what is more important for a purchasing transaction, price timing or quality ?
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- How does value pricing strategy affect the company's performance and how they benefit from this?What are the four methods used in by-product costing, and how do they differ? Which is the preferredmethod and why?Describe the concepts of cost and costing, as well as the role they play in the management of products. (There must be an instructive example.)
- Explain many methods for purchasing software, including offline and online software creation processes, as well as a range of options?Once a company determines a base price, a series of price tactics are often offered to help fine-tune the base price to make sure it satisfies the company and customer. List the four basic price tactics and define each one.Describe some ways that a seller using competition-based pricing could deal with the presence in the marketplace of a variety of prices for an item.