Provide an example of a structural cost driver

Q: Explain the two major cost-plus approaches toprice setting.

A: Pricing refers to a marketing strategy in which a marketer makes strategies to determine the price…

Q: Explain how marginal costing technique could improve organisational performance and role of marginal…

A: Marginal costing: Marginal cost is the rise or reduction in total cost which happens with a small…

Q: What is the possible role of purchasing in leading sustainability efforts?

A: Supply management is the process of managing the suppliers and raw materials or resources that are…

Q: What is the rationale of using variable costing internally for management planning and control?

A: Variable costing that is also known as direct costing, is a managerial accounting method in which…

Q: 3 basic objectives considered when addressing Cost recovery issues.

A: Organization cost is the money the organization spends on activities like planning, organizing, and…

Q: Explain how the purchasing interacts with two other functional area of an organisation?

A: It will be obligated to communicate with all other departments. Whatever the agency's significance,…

Q: a practical example of Sustainability as a reason for increasing the importance of the purchasing…

A: Demand and supply are the two basic things in economics that are seesaw for the economy. When the…

Q: sound

A: A small introduction about engineering: Engineering is the use of science and math to solve…

Q: Define The Production Planning Environment?

A: The production planning environment refers to the business environment where the planning of…

Q: How can co-ordinator be increased both internally within the firm and externally with customers and…

A: Coordination is defined as the process of synchronizing, unifying, and integrating the actions of…

Q: Why is it so important to have senior executive support when implementing anindirect spend…

A: Purchased services or products that do not result in a product or service being sold to a customer…

Q: Explain the Least Total Cost?

A: The least total cost approach is a vibrant lot sizing method that computes the order capacity by…

Q: Discuss how the purchasing interacts with two other functional area of an organisation?

A: All other departments will be compelled to communicate with it. Despite the importance of all…

Q: example of competition analysis in the energy sec

A: The competition analysis refers to the analysis of the nature of the competition. Through the proper…

Q: When it comes to selecting a provider, the price and product samples are good, but are they enough?

A: A company expects the right provider to satisfy its needs and specifications so that it can provide…

Q: Discuss the major difference between cost-reduction and cost-avoidance measures.

A: For any business, whether it is manufacturing or service, the new entrant, or existing, the priority…

Q: Why should a corporation successfully integrate its external suppliers?

A: To explain: The reason behind why should a corporation successfully integrate its external…

Q: Activity based Costing in a mining industry

A: Analysis is the examination of elements or any structure to work on it or we can say that breaking…

Q: Explain the differences that exist between incorporating the Triple Bottom Line framework into the…

A: The Triple Bottom Line (TBL) paradigm is an accounting technique that integrates the social,…

Q: Define the term cost competitive advantage?

A: A manager can regulate the competitive advantage of his association over his rivals by looking into…

Q: discuss at least five costs relevant to your operations; and how these costs can be managed for…

A: Cost management attempts to improve the strategic position of the organization and reduces the costs…

Q: snip

A: Upstream Motion: It means moving or directing the resources towards the end customer. For example,…

Q: Explain the features of an integrated supplier programs?

A: To stay competitive in an era of declining profitability, growing rivalry, and diminishing product…

Q: Explain what form of organisation is used in purchasing?

A: Purchasing activities can be more effective if they are properly planned and coordinated. There are…

Q: What is the least total cost

A: The lowest total price technique is a lively lot sizing strategy

Q: Please fastly solve this question Thereare essentially three types of MBIs. Identify two examples –…

A: MBI denotes Market-based instruments that help the government in adopting sustainable development of…

Q: Describe why the methodology for purchasing a small system could differ from purchasing a large…

A: A Small Introduction about Purchasing   Purchasing is one of the fundamental cycles normal to all…

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.”