Author Question: Janice is starting a new business and is confused about how to determine the price to set for her ... (Read 49 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
Janice is starting a new business and is confused about how to determine the price to set for her product. She comes to you for advice and you tell her, correctly, that the two factors that determine the price at which a product will sell are
 A) the market and the awareness that costs and expected sales can be used only to establish a price floor.
  B) the market and status-quo.
  C) the cost of production and maximum price that can be charged.
  D) the competition price point and product demand.

Question 2

How do routing and timing affect the scheduling process for a furniture manufacturer like Drexel-Heritage?



todom5090

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

Routing of materials is the sequence of workstations that raw materials and work in process will follow. Operations managers route needed wood for a Drexel-Heritage chair through workstations along an assembly line, with the table finally ending up at finished goods inventory. Timing specifies when the wood, for example, will arrive at each workstation and how long it will remain there.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library