What effects have low stock accuracy resulted?

Q: What is noncumulative quantity discount?

A: Marketers usually adopts sales promitional techniques to increase the sales of their products. The…

Q: Can you explain the pattern of average sales of S1, S2 and S3?

A: Find the given details below: Given details: OBS S1 S2 S3 1 225 190 205 2 323 210 241 3…

Q: Describe the major assumptions of the basic EQQ model

A: To be determined: The major assumptions of the basic EQQ model

Q: Abdullah records the following monthly purchases and sales of an item. Month Number bought Cost of…

A: Month Number bought Cost of each unit Number sold Opening stock Closing stock/ remaining stock Cost…

Q: Summary) for Business Plan I. The Business Description: (What is the Name of your Business?). II.…

A: 1- Name of my business is HAWKINS, Hawkins Cookers Limited is an Indian company which manufactures…

Q: is the percentage of the billed cost given by a vendor when a stipulated quantity is purchased. 1.…

A: Pricing strategies are an important aspect of business operations, particularly in procurement and…

Q: what is the entity of minimarket storage warehouse database

A: Practically all grocery stores start with the Produce office and afterward line the dividers with…

Q: Which of the following is NOT a type of inventory-related cost?

A: There are many costs that go into inventory. Inventory-related costs are incurred in the process of…

Q: Explain the differences between “Medicare Levy” & “Medicare Levy Surcharge”   can you put 3…

A: The Medicare levy surcharge is being levied on Australian taxpayers who don't used to have an…

Q: to develop product an manage now to control inventory

A: 1. Ideation  Many hopeful business visionaries stall out on ideation, regularly on the grounds that…

Q: The difference between what a consumer would be willing to pay and the price actually paid is…

A: The difference between what a consumer would be willing to pay and the price actually paid is…

Q: What are ordering costs? What is the tradeoff betweeninventory carrying costs and ordering costs?

A: A cost is the value of money that is used to produce something or provide a service, and is not…

Q: How does vendor-managed inventory differ fromtraditional inventory management?

A: Inventory management refers to the mechanism by which the stock of an organization is purchased,…

Q: nen the salesperson “Sami" Is his customer “Youssef" th lowing: “Mr. Youssef, we hav scussed several…

A: The answer to this question is a Summary of benefits close.

Q: Differentiate b/w a) Public and Private Warehouses b) Centralized and de-centralized warehouse

A: Public Warehouse Private Warehouse Operating Cost Factor Higher due to inclusion of…

Q: What are the main differences between RMI and EJB

A: RMI (Remote Method Invocation) and EJB (Enterprise JavaBeans) are both Java-based technologies used…

Q: An illustrative example of discount price Mode ( Example by numbers ) after explaining its nature…

A: Lowering the value of a product to stimulate sales may be a common strategy utilized in each space…

Q: Is the price of the whole wheat noodles premium, discounted, or on par with other

A: This experiential marketing activity is designed to help individuals better understand how products…

Q: Which broader category of inventory cost does opportunity costs belong to? O a Carrying costs Ob.…

A: Inventory management is important for the firm. While managing the inventory, the organization has…

Q: Explain the total relevant costs of different inventory policies ?

A: Inventory policies incur costs in the form of item costs, storage costs, order costs, and shortfall…

Q: Describe the differences in merchandise assortments for convenience stores, supermarkets, box…

A: Let us define what is merchandise assortments: The diversity of products that a retailer stocks and…

Q: How does the company implement the inventory management system? Does the system differ from one…

A: An inventory management system:An inventory management system is a method by which an organization…

Q: Mr. Robert took a bag of chips from a super market and noticed to a coupon attached to the bag of…

A: This is an example of immediate reward

Q: What is meant by automatic vending?

A: The distribution channel is the medium through which the product will reach to customer from the…

Q: Wholesale and retail credits definition and give examples and illustrations

A: Wholesaling is the practice of purchasing items in bulk from a manufacturer at a reduced price and…

Q: Explain the discrepancies causes in the inventory

A: Demand can be defined as items that are offered for the production of new items, as well as products…

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.”