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A competitor sells heavy machinery priced at $14,000. Your firm has been working to enter the heavy machinery market and has developed a new product with a marginal cost of $8,500. Your firm’s new machine is superior to its competitors in some ways but inferior in others. Its speed is limited which reduces the value to customers by $1,000 per engine. However, it requires less maintenance delivering labor saving of $3,500 per engine.
What is the reference price for the New Product?
What is the differential value of the New Product in comparison to Old Product?
What is the total value of New Product?
What range would you suggest to marketing for pricing New Product?
If Joe and Bud have an e-mail exchange that documents their agreement, does this change your answer? Why or why not?
Explain how project management knowledge and skills can be transferable across industries and professions
From past experience, advertising on TV is estimated to be 25 times as effective as on radio. Determine optimum allocation of budget to radio also TV advertising.
Write a three to four page paper that discusses the benefits of utilizing the quality tool. Discuss how utilizing internal consultants might add to the understanding of competitive advantage, supply chain performance, and controlling improveme..
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The overseas divisions, where a much higher growth potential is expected, have repeatedly complained about the time it takes to have decisions made by the staff that is headquartered in the United States. On the other hand, there have been times w..
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Select a small business that you may want to start and write a brief description of it. What is strategic management and planning? Why would a strategic plan be important to the success of this business?
Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%.
oregon great bank specialized in auto loans. the management of its loan department is preparing hiring plans for the
Each regular postal worker works for 5 consecutive days, followed by 2 days off, repeated weekly. Pay per each weekday is $80, and it is $100 for each weekend day. Formulate this problem as a linear program.
It normally relies on departmental forecast and preregistration resords to determine how many copies of a text are needed. Preregistration show 90 operations management students enrolled.
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