Kevin and sarah know exactly what their costs are to make, Ask an Expert

Management Studies

Kevin and Sarah know exactly what their costs are to make and deliver the meals to each customer. They are considering using cost plus pricing since it is easy to determine profitability. What is wrong with them using this pricing strategy?

1) It makes calculating elasticity much better

2) Consumers are indifferent to their costs

3) The cost of food, gas and labor are unpredictable

4) It ignores the value of how consumers perceive a premium exclusive product

5) Answers B and D

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92586598

Have any Question?Write your Review or question?

Related Questions in Operation Management

We need to give kanto some more help on setting up its

We need to give Kanto some more help on setting up its incentives to adequately support the new switching assembly process. We cannot allow the conversion process to delay our completing switching assemblies as there is ...

Company starbuck the question answer should be related to

Company: STARBUCK (the question answer should be related to starbuck company) 1. Summarize the various promotional strategies used by the STARBUCK in implementing an Integrated Marketing Strategy. 2. Identify the risks a ...

Evolution of business assignmentthere are two parts to this

Evolution of Business Assignment There are two parts to this assignment: 1) The concept map, and 2) the summary paper. To investigate the evolution of business, you will create a timeline or concept map. Select five majo ...

1 who would you say had the greatest responsibility within

1. Who would you say had the greatest responsibility within the marketing research industry to raise the standards of ethics – market research suppliers, market research clients, or field services? Why? 2. What factors d ...

1 what is meant by the idea of ldquomanaging for

1. What is meant by the idea of “managing for stakeholders?” According to Milton Freeman, the stakeholder model is not only more consistent with actual business practices, but also more consistent with ethics. Explain hi ...

1 cross-docking refers to which of the followinga avoid

1. Cross-docking refers to which of the following? A. Avoid placing materials or supplies in storage by processing them as they are received B. Warehouse docks are designed in the shape of a cross C. Docks are placed in ...

True or false1 large firms with significant market power

TRUE or FALSE 1. Large firms with significant market power who act like small firms (making strategic decisions and implementing them with speed) and are innovative, are typically strong competitors and are likely to ear ...

1 discuss the difficulty in having a standardized price for

1. Discuss the difficulty in having a standardized price for a company’s products across all countries and areas within a country. Give an example of a company that prices a product differently through a region. 2. Why i ...

1 what are the latest in practices tvet trainers and staff

1. What are the latest in practices TVET trainers and staff evaluation? 2. Based on what assessments do TVET staff be evaluated " example of a case study" 3. Why do new services often fail? Can you provide an example of ...

1 what factors must an air carrier consider in deciding

1. What factors must an air carrier consider in deciding whether to upgrade or replace existing aircraft? What conditions would lead them to go with each decision? cite example. 2. Compare leadership and management? Prov ...

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

Recent Questions

Ask Operation Management Expert