CONNECT CODE CUSTOM FOR USM MKT
7th Edition
ISBN: 9781265841409
Author: Grewal
Publisher: MCGRAW-HILL HIGHER EDUCATION
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 16.4, Problem 6PC
Summary Introduction
To determine: The reason for the popularity of just in time inventory.
Introduction: Just in time is a method which is used by the manufacturing industry to reduce the inventory cost. The just in time method increases the efficiency of the manufacturing industry by reducing the waste of raw material in the production.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
| Login
x Topic Week 5 Discussion - Live S: X
Week 5 - Homework Chapter 5
WP
Question 1 of 5 - Week 5-Home X
+
https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c9ab9fc0-ab77-49d4-802e-df8fd8b6b1ad#/question/0
Strayer iCampus
Strayer Technical Su...
Microtek Support
ework: Chapter 5
O
Microsoft Office
a Fire TV Devices
e
Question 1 of 5
View Policies
Show Attempt History
Current Attempt in Progress
Information related to Monty Co. is presented below.
2.72/7 E :
On April 5, purchased merchandise on account from Larkspur Company for $30,000, terms 2/10, net/30, FOB shipping point.
On April 6, paid freight costs of $910 on merchandise purchased from Larkspur.
1.
2.
3.
On April 7, purchased equipment on account for $30,100.
4.
On April 8, returned $6,000 of merchandise to Larkspur Company.
5.
On April 15, paid the amount due to Larkspur Company in full.
(a)
W
Your answer is partially correct.
3:32 PM
2/5/2025
I need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.
I need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.
Chapter 16 Solutions
CONNECT CODE CUSTOM FOR USM MKT
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Similar questions
- The most common product I purchase would have to be organic foods from the grocery store. Although these foods are from different producers, I feel as though most if not all utilize marking skimming as their marketing strategy for pricing their goods. Many organic foods are priced much higher than the average food product, usually doubling in cost, if not more. I have yet to find an organic food product that was the same price or cheaper than your typical comparable food item at the store. With the use of market skimming, organic food companies are focused on selling to buyers who value their product and recognize that a quality product or food source comes with a price. People who prefer to eat organic foods are typically inclined to pay whatever price that product comes with, since finding organic foods can be challenging to begin with. Since there are not as many organic food producers as there are non-organic food producers, target consumers have no choice but to purchase whatever…arrow_forwardResponse to Natisha Henry Crest is the item I choose. Instead of trying to maximize profits initially with a high price, as would be done with a "market skimming" strategy, Crest primarily uses a market penetration pricing strategy for its toothpaste products. This means that they set a relatively low price to quickly gain a significant market share and attract a large customer base. Since Crest toothpaste is positioned as a dependable, well-known brand with a solid reputation for cavity prevention, supported by in-depth research and the American Dental Association's (ADA) seal of approval, its pricing typically reflects its perceived value. For many users, the toothpaste's perceived quality and effectiveness make the price point justifiable. A more aggressive price-competitive strategy could potentially capture more market share by attracting price-conscious buyers, but it might also impact brand perception if not carefully managed alongside quality messaging. Crest toothpaste's lower…arrow_forwardWhat is Apples pricing strategy for thier IPHONE16 (e.g., market skimming, market penetration, or price adaptation)? Is this strategy the most viable? Does the pricing strategy reflect the value? If so, explain the value that you perceive, and if not, explain why you think the pricing does not reflect the value. Which potential buyers are likely to be motivated by or dissuaded by Apples pricing for the IPHONE16 and why? Would another pricing strategy capture more market share? Why or why not?arrow_forward
- What is JohnsonJohnsons pricing strategy for thier baby oil (e.g., market skimming, market penetration, or price adaptation)? Is this strategy the most viable? Does the pricing strategy reflect the value? If so, explain the value that you perceive, and if not, explain why you think the pricing does not reflect the value. Which potential buyers are likely to be motivated by or dissuaded by JOhnsonJohnsons baby oils pricing and why? Would another pricing strategy capture more market share? Why or why not?arrow_forwardI need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.with diagramarrow_forwardWhat is your definition of social responsiblity? You can argue for or against that of Friedman's 1970 article.arrow_forward
- A. What are four key terms on Reflecting on the Social Responsibility of Business B. Share your view on on Ethics and Ethical Reasoning C. What is your definition of social responsiblity? You can argue for or against that of Friedman's 1970 article.arrow_forwardDefine and develop a marketing campaign around a grocery store Unique Selling Proposition. What is your USP? Use the 4 P’s (Product, Price, Place, and Promotion) to establish your marketing plan. How will you market your product or service and emphasize the advantage? What is your budget? Are your marketing plans in line with your budget…in year 1? In year 3? In year 5? Project how your marketing plan will change as competitors challenge your business. clearly state where their budgeted money goes when addressing marketing channels. In essence, how will your budget be spent (Facebook ads, television, radio, print, etc…) and how much is allocated to each channel.arrow_forwardDescribe at least one pricing strategy and when it might be used.arrow_forward
- Did the standards result in safer and more effective firefighting crews, or were they inadvertently keeping women out of a traditionally male job? The standards were designed to ensure that all firefighters, regardless of gender, could perform the physically demanding tasks required in firefighting. However, the fact that a significantly lower percentage of women were able to pass the test suggests that the standards may have inadvertently acted as a barrier to women entering the profession. Was this a BFOQ? The ministry was challenged on the basis of sex discrimination. What did the Supreme Court rule, and what was its reasoning? A Bona Fide Occupational Qualification (BFOQ) is a quality or attribute that employers are allowed to consider when making decisions on the hiring and retention of employees. In this case, the physical fitness test could be considered a BFOQ as it directly relates to the job's requirements. However, if it disproportionately excludes women and cannot be…arrow_forwardConsider Airpod pros and the Phomemo D30, How is the value of airpod pros different and similar to that of phomemo D30 organizations and customer base? Consider how Artificial Intelligence (AI) and other emerging technologies could impact new product development.arrow_forwardHello Professor and Classmates, A new product I have purchased recently that I consider innovative is the new Samsung Galaxy Buds 3 Pro. The earbuds provide the best sound from earbuds. It has audio that adapts to my surroundings it also uses the new Bluetooth version for better connection. Market innovation is important because it enables businesses to remain competitive, satisfy changing consumer demands, develop new goods and services, increase productivity, and eventually spur development by creating new possibilities. Consider Air pod pros and the new Samsung Galaxy Buds 3 Pro, How is the value of your innovative product different and similar to that of your associated organizations and customer base? Consider how Artificial Intelligence (AI) and other emerging technologies could impact new product development.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY