Sam Seas Industries are considering to implement a new transaction processing system. In doing so, they are concerned with their lack of both equipment and experienced personnel to handle the system. Which yardstick of feasibility are they considering in their decision?
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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.”
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Solved in 2 steps
- Refer to Problem 7.1. If a contract for the secondand third years is pending, what a re the implications fo r processselection?Q You have been asked to select between three projects. Project A has a netpresent value of $54,750 and will take six months to complete. Project B hasa net present value of $85,100 and will take two years to complete. ProjectC has a net present value of $15,000 and a benefit-cost ratio of 5:2. Whichproject should you choose?A. Project AB. Project BC. Project CD. There is not enough information to decide Q Which of the following is a defect?A. A mistake made by a team member on the jobB. A change that the team needs to make in how they do the workC. A project management plan that does not meet its requirementsD. A change request that’s been rejected by the change control boardRitz Products’s materials manager, Tej Dhakar,must determine whether to make or buy a new semiconduc-tor for the wrist TV that the firm is about to produce. Onemillion units are expected to be produced over the life cycle.If the product is made, start-up and production costs of themake decision total $1 million, with a probability of .4 thatthe product will be satisfactory and a .6 probability that itwill not. If the product is not satisfactory, the firm will haveto reevaluate the decision. If the decision is reevaluated, thechoice will be whether to spend another $1 million to redesignthe semiconductor or to purchase. Likelihood of success thesecond time that the make decision is made is .9. If the secondmake decision also fails, the firm must purchase. Regardlessof when the purchase takes place, Dhakar’s best judgment ofcost is that Ritz will pay $.50 for each purchased semiconduc-tor plus $1 million in vendor development cost.a) Assuming that Ritz must have the semiconductor…
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- Jaronda is a member of a dance team. As a fundraiser, she and the other members of the team decide that she will use the team's money to buy flowers in bulk, sell the flowers individually to students with her school's permission, and return the team's money plus any profits she makes, What is the MOST accurate name for aronda's role? O A. project manager © B. network facilitator O C data manager O D. systems operatorHoward Weiss, Inc., is considering building a sensitive new radiation scanning device. His managers believe that there is aprobability of .35 that the ATR Co. will come out with a competitive product. If Weiss adds an assembly line for the product and ATR Co. does not follow with a competitive product, Weiss's expected profit is $40,000 ; if Weiss adds an assembly line and ATR follows suit, Weiss still expects $20,000 profit. If Weiss adds a new plant addition and ATR does not produce a competitive product, Weiss expects a profit of $600,000 ; if ATR does compete for this market, Weiss expects a loss of $120,000.Part 2a) Expected value for the option = $ b)Expected value for the build new plant option = c) The alternative that provides Weiss the…The AJAX Company is considering implementing anew accounting system, which will automate salesprocessing, cash receipts, accounts payable, andcash disbursement procedures. Roger Moore,AJAX’s CIO sent an announcement letter to theAJAX community. In the letter, Moore said: “Ihave contracted with Spartan Consulting Group todo the needs analysis, system selection, and designwork. The programming and implementation willbe performed in-house using existing IT departmentstaff. The development process will be unobtrusive touser departments because Spartan knows what needsto be done. They will work independently, in thebackground, and will not disrupt departmental andinternal audit work flow with time-consuming interviews,surveys, and questionnaires. This promises tobe an efficient process that will produce a systemthat will be appreciated by all users.”RequiredDraft a memo from George Jones, Director of InternalAudits, in response to Moore’s letter.
- Ritz Products’s materials manager, Tej Dhakar, mustdetermine whether to make or buy a new semiconductor for thewrist TV that the firm is about to produce. One million unitsare expected to be produced over the life cycle. If the product ismade, start-up and production costs of the make decision total$1 million, with a probability of .4 that the product will be satisfactory and a .6 probability that it will not. If the product isnot satisfactory, the firm will have to reevaluate the decision. Ifthe decision is reevaluated, the choice will be whether to spendanother $1 million to redesign the semiconductor or to purchase.Likelihood of success the second time that the make decision ismade is .9. If the second make decision also fails, the firm mustpurchase. Regardless of when the purchase takes place, Dhakar’sbest judgment of cost is that Ritz will pay $.50 for each purchasedsemiconductor plus $1 million in vendor development cost.a) Assuming that Ritz must have the semiconductor (stopping…A feasibility study A. includes a statement of the problems B. considers a single solutions C. both (a) and (b) D. a list of alternative solution considered E. None of the aboveyou are doing a bussiness plan for a cafe'. how will you write the financial projection for 3 different scenarios and assumptions?