I. Point of View We consider Ms. Bea Lim’s perspective‚ the Marketing Assistant of Prime Meat‚ Inc. as our point of view. She is the one envisioning on the pricing strategy formulation that would have a long-term beneficial effect to the company. II. Market Situation Analysis A. Opportunities-Threat Analysis 1. Opportunities Strategic Location - The location of Prime Meat‚ Inc. is Santo Tomas‚ the town next to the capital city. Large Market Potential - For tocino (89.312 metric tons per month)
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all the way to the pediatric ward over to the intensive care unit‚ with every location containing different requirements as well as deliberation (Buck‚ C.‚ 2012). Having a huge wireless network permits the providers to deploy technology at the bedside‚ as part of the normal health care flow. The providers are able to use a smart phone to access clinical data as well as biomedical devices are able to record and manage patient information. However‚ it has been researched that by the year of 2014 there
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No matter what decision that I make as the CEO of Monsanto‚ it is virtually impossible to satisfy all parties involves. Just like customers‚ stakeholder groups can vary in their opinions and may want different things from Monsanto. It is possible that a decision made may satisfy one stakeholder group and upset another. With this being the case‚ issues presented should be prioritized based on the outcome desired (Zappi‚ 2013). Monsanto’s sustainability approach "Sustainability is firmly embedded
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elements produce costs. Prices are perhaps the easiest element of the marketing program to adjust. Price also communicates to the market the company’s intended value positioning of its product or brand. A well-designed and marketed product can command a price premium. [pic] Pricing decisions are clearly complex and difficult. Holistic marketers must take into account many factors in making pricing decision—the company‚ customers‚ competition‚ and marketing environment. Pricing decisions must be consistent
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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1.Explain the parts of a decision tree. There are three parts of a decision tree. They are decision nodes (squares)‚ probability nodes (circles)‚ and decision alternatives (branches). 2.What are some benefits of using decision trees? Decisions trees force you to consider as many possible outcomes of a decision. They can provide the framework to consider the probability and payoffs of decisions‚ which can help one‚ analyze a decision to make the most inform decision possible
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Cost Classification Introduction: In this assignment I will be discussing how costs incurred in any organization may be classified in a number of different ways for a number of different purposes. I will also be looking to find companies that use a variety of different costing techniques and methods. I will also be discussing the comparisons between marginal and absorption costing and how the concept of activity based costing can also be compared with these. To complete the assignment I will
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statement? A person should never make an important decision alone. Use specific reasons and examples to support your answer. It goes without saying that how to make a decision is always an issue of much controversy. Some people claim that one should never make an important decision alone‚ while others believe that it is not true. My opinion is that it is always beneficial to consult other people such as family‚ relatives‚ friends or colleagues before making any decision. My view is based on the following
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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decided end the contract before the end of a specific calendar year. For example‚ if I cancelled my contract in May‚ I would have to pay a lump sum for the remainder of the months in that specific calendar year. Pricing and payment terms can help a business’s hide the actual cost of a particular product and or service. Cash‚ credit cards and charge accounts are the three main methods of purchasing among most consumers. The fact of the matter is that a customer is less likely to be price sensitive
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