What strategies would be consider for lowering your costs, Operation Management

Assignment Help:

Type your question here Four-step process for setting a price on a product, and using 2,000 custom-printed t- shirts as your product (at a cost of $12.25 each to produce), calculate the price you would use to sell the product and your profit after selling your entire inventory (include other costs, e.g. shipping and packaging). What was your strategy and the factors affecting your decision? If you were to sell 1,000 units (t-shirts) to a department store, would that change you're pricing? Why or why not? What about selling the same t-shirts individually on the street, at a craft fair or on eBay? What strategies would you consider for lowering your costs?


Related Discussions:- What strategies would be consider for lowering your costs

Explain the current break-even point in dollars is, The local convenience s...

The local convenience store makes bread. Currently, their oven can produce 50 pieces of bread per hour. It has a fixed cost of $2,000, and a variable cost of $0.25 per bread. The o

Managing organizational change, Applying models and concepts from the cours...

Applying models and concepts from the course, analyze a significant change initiative you have observed, have been affected by or have had a hand in implementing in your organizati

Explain a relationship between the two variables, Boston Electric Generator...

Boston Electric Generators has been getting many complaints from its major customer, Home Station, about the quality of its shipments of home generators. Daniel Shimshak, the plant

Explain what is the role of participation in goal setting, What is the role...

What is the role of participation in goal setting? Answer Participation is positively correlated with performance Participation provides more goal clarity Participation

Describe potential key changes in the external environment, Discuss potenti...

Discuss potential key changes in the external environment, specifically competition and technology including communications that Sigma will face in the future. Which will have the

Basic queuing theory, 1. Consider a hot dog cart on a busy New York street....

1. Consider a hot dog cart on a busy New York street. Customers arrive about every 3 minutes. a. Discuss: without any additional information, what is a plausible queuing model to u

Describe presence of an outside threat correlates, Some people argue that t...

Some people argue that the presence of an outside threat correlates with high degree of team cohesion. Would you agree or disagree?

Explain critical path consists of only five activities, You are working on ...

You are working on a project that has 12 activities. You determine that the critical path consists of only five activities. You then compute the variances for the five critical pat

An organisation has decided to outsource its is function, An organisation h...

An organisation has decided to outsource its IS function. Explain the main issues it needs to address. Having decided to outsource its IS function, there are a number of issue

Explain how does national culture affect strategy, How does national cultur...

How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy, reflect different underlying cultural assu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd