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 what are some of the positive and negative impacts, What are some o...

What are some of the positive and negative impacts of federally mandated socioeconomic programs, goals, and quotas within the federal government contracting process?

Explain which of the following is not a production activity, Which of the f...

Which of the following is not a production activity report generated by MRP? a. Planning report b. Exception report c. Planned-order schedules d. Performance contro

Explain arbitration as a quasi judicial process, Examine arbitration as a q...

Examine arbitration as a quasi judicial process in which parties agree to submit unresolved disputes to a neutral third party for binding settlement. Explain the labor- contractual

Explain disadvantages of division of labour, Explain disadvantages of Divis...

Explain disadvantages of Division of Labour. (i) Division of labour provide rise to loss of craftsmanship, all workers become Machine -minders and nothing else. (ii) Along w

Compare and contrast optimization techniques, Compare or contrast optimizat...

Compare or contrast optimization techniques to simulation techniques, such as the SCM Globe "Cincinnati Spices" exercise?

Aid how to enter the answer after the equal sign using excel, Can someone s...

Can someone show me how to enter the answer after the equal sign using excel 2010

A firm plans to start production of a new small appliance, A firm plans to ...

A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $7 each or to produce them in-h

The chair business uses price as major competitive factors, Management beli...

Management believes they can increase the price per chair by 10 percent in this new situation and improve profits by 10 percent. However, the sales department cautions that the pri

Define the steps included in collective bargaining process, Define all the ...

Define all the steps included in collective bargaining process. The steps included in collective bargaining process are:- (i) Putting up before the management, through th

Describe what is the effective capacity of the system, The roller coaster a...

The roller coaster at Treasure Island Amusement Park consists of 15 cars, each of which can carry up to three passengers. According to a time study each run takes 1.5 minutes and t

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