You have developed the following simple product structure of items needed for your gift bag for a rush party for prospective pledges in your organization. You forecast 250 attendees. Assume that there is no inventory on hand of any of the items. Explode the bill of material. (Subscripts indicate the number of units required.) Determine the number of units of each item required. Item K: units (enter your response as a whole number). Item L: units (enter your response as a whole number). Item M: units (enter your response as a whole number)
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.”
You have developed the following simple product structure of items needed for your gift bag for a rush party for prospective pledges in your organization. You Determine the number of units of each item required.
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