Operational capacity decisions are concerned with the long-term capability of an organisation to produce the required amount of output over time. You have been engaged as a consultant to constantly deal with issues surrounding stock and capacity related problems. Provide and explain any five (5) of the various strategies available in managing capacity.
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.”
Operational capacity decisions are concerned with the long-term capability of an organisation to produce the required amount of output over time. You have been engaged as a consultant to constantly deal with issues surrounding stock and capacity related problems. Provide and explain any five (5) of the various strategies available in managing capacity.
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