Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Is it a good strategy to limit production on a product in order to generate demand and increase your sales price? The Shelby GT500 is a classic example of this strategy. Ford intentionally limits production of the Shelby GT500 in order to keep demand at high levels, and then it is able to charge in increase amount for the cars while being able to sell every one of the cars. The 2011 and 2012 Shelbys were limited to roughly 5,500 cars. If Ford would have made 10,000 or 20,000, then they could lower the price on them and still sell all of them. Which strategy do you think is best? Should Ford increase production, sell more of the cars at a lower price, or should it limit production and sell fewer at a higher price? Which strategy do you think would please the most consumers?

Please make your comments 300+ words in length. Give a full description of your thoughts.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92502476

Have any Question?


Related Questions in Operation Management

Read the articles below before your response workplace

Read the articles below before your response. Workplace Pregnancy Bill Introduced Despite Opposition Pregnant Workers Fairness Act (Read Section 2.) Supporters of the Pregnancy Workplace Fairness Act say that it is a nec ...

Steve hannaford farms in western nebraska the farm has

Steve Hannaford farms in western Nebraska. The farm has passed to succeeding generations of Hannafords, who use water from the North Platte River for irrigation purposes. The headlands of the North Platte are in Colorado ...

Overview in developing a training program you might

Overview In developing a training program, you might interview subject matter experts (SMEs) to gather data on training needs. This assignment will help you understand how to create strong questions for SMEs, and use the ...

How does disney manage privacy and payment concerns with

How does Disney manage privacy and payment concerns with the possibility of lost or stolen bands? Time and technology can be enablers for competitive advantage. Explain this statement. What are Porter’s views in relation ...

Problem-solving case do supervisors need ldquofreedomrdquo

Problem-Solving Case: Do Supervisors Need “Freedom” to Manage Their Time? Information scientist Fred Stutzman noticed that whenever he went online, he was just a click or two away from a treasure trove of information, en ...

The friendly sausage factory fsf can produce hot dogs at a

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,500 per day. FSF supplies hot dogs to local restaurants at a steady rate of 350 per day. The cost to prepare the equipment for producing hot dogs is ...

Policy papercompensation and benefitsanswering the

Policy paper Compensation and benefits Answering the following questions in a research paper format. 1.U.S expatriates 1 compensation and benefit for expatriates 2.Explain how to evaluate total compensation after a 20% c ...

Discuss and apply simulation as a modeling tool for

Discuss and apply simulation as a modeling tool for decision making. Discuss the factors involved in work measurement and apply the relevant tools and techniques used in deriving standards and incentive piece rates. · Un ...

Assignment1 one of the major issues with implementing bcdr

Assignment 1) One of the major issues with implementing BC/DR is that companies will often miss non-obvious, yet crucial, data and resources. Many organizations have in-house developed scripts, spreadsheets, and other da ...

Describe a talk or presentation you have given recently

Describe a talk or presentation you have given recently that was similar to a Lunch and Learn put on by an HR department. a. What was the talk about and how was it like a Lunch & Learn? b. How did you tailor it to suit t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As