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Q. Pricing over the life cycle of a product?
The cycle begins with the invention of the new product. The innovation of a new product and its degeneration to a common product is termed as the life cycle of a product. The life cycle of a product portrays distinct stages in the sales history or a product. Corresponding to these stages are distinct opportunities and problems with respect to market strategy and profits potential. By identifying the stage that a product is in or may be headed toward companies can formulate better marketing plans.
BREAK EVEN ANALYSIS Break even analysis is mainly used to explain the relationship between the cost incurred, the volume operated at and the profit earned. To compute the breakev
Kinematic Pair: A pair is a joint of two elements which permits relative motion. The relative motion among the elements of links that built a pair is needed to be fully constrain
The management of Popular Stores Sdn. Bhd. are in the process of exploring the company’s investment opportunities.
DOMINANCE Dominance strategy is useful for reducing the size of the payoff table. Rules of Dominance: 1) If all the elements in a column are greater than or equal to the
RELEVANT COSTS FOR NON-ROUTINE DECISIONS A relevant cost is a cost that is appropriate to a specific management decision. To be relevant, a cost should be: 1) Future cost
Full cost or mark up pricing or cost plus pricing method: In this method the marketer estimates the total cost of producing or manufacturing the product and then adds it a mar
disadvantages of transfer pricing
Dynamic programming It is an extension which finds solutions to problems involving a number of decisions which have to be made sequentially. For example, the amount of a produc
critically analyze mr vincent reasoning
Why might managers favour this ABC system instead of the older system that allocated all MOH costs on the basis of direct? labour?
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