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State (or select) the dependent variable (Y)
Will the CER be employed to estimate price, labor hours, cost, material cost, or some other measure of cost? Will the CER be employed to estimate net product cost or estimate the cost of one or more components? The improved the definition of the dependent variable, the simpler it will be to collect comparable data for the CER development.
The dependent variable is the cost to be estimated and it is choice based on the aim of the cost function. It might also be termed to as response variable.
Pricing is a problem in four general types of situations: 1) When the firm develops or introduces a new product and it is fix the price of the product for the first time. 2)
How costs behave as the level of activity/volume changes. Why an understanding of cost behaviour is important ? Types Variable e.g. petrol, direct materials Fixed e.g.
Positioning An essential part of the planning process is positioning the organization to attain its goals. Positioning is a wide concept and depends on gathering and evaluating
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Have lot of questions please any one help me
Battle of the Sexes game To understand Battle of the Sexes game, let’s consider a story as follows: Two players (a couple) wish to go to an event together but disagree about
SSI, a meat/burger/chicken processing manufacturing plant loacted in Idaho, USA prepares
question:lease accounting implicit rate unknown,20%incremental rate leaseterm 4 years,find implicit rate using trial and error method.i know nothing about trial and error method in
A purchased product, sold in a retail store, has a normally distributed daily demand, with a mean of 8 units/day and a variance of 4 (units) 2 . Its supply lead time is 6 days and
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