Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 1, Problem 2.2Q
Summary Introduction
Case Summary: The case scenario states of three different situations where the same product is being sold at three different prices at three locations. A 20-ounce water bottle of a particular brand is priced at $5 at places such as concerts and sports events. On the contrary, the same product is sold at $2 at local convenience stores. Nevertheless, two dozens of the same product at supermarkets are priced at $8.99. This has caused much ambiguity among customers wondering as to why they should pay varying amounts for the same product.
Interpretation: The reason for prices of water bottles being different in convenience stores and supermarkets and what convenience stores provide over supermarkets.
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Chapter 1 Solutions
Practical Operations Management
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