When the management team noted the increased interest in bikes as a mode of commuting, bicycle manufacturer Sensta introduced utility bikes aimed at the urban commuter
In which of the following cases is the company following a plus-one pricing strategy?
A) Sensta entered the market with a bike priced at $2,500, and later, as more competitors entered the market, reduced the price to $1,000.
B) As the market for bikes in a particular city became saturated, Sensta raised the prices of its bikes hoping to gain maximum profit before exiting the market.
C) With several competitors with similar product features in the utility bike market, Sensta concentrated on the sturdiness of its bikes, and raised the price of the basic model from $500 to $1,000.
D) Sensta manufactures a basic model priced at $500, a bike with more features, priced at $1,500 and a deluxe model priced at $3,000.
E) When Sensta entered the market, there were already competitors in the $1,000-$2,000 price range. Sensta introduced three bike models in the $500-$700 price range in order to capture market share, and later raised the prices of its products.
C
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The warehouse master data contains a record of each inventory item which is stocked in the warehouse and/or regularly ordered from a vendor
Indicate whether the statement is true or false
Individuals who are directive in decision-making style
A. risk being autocratic and focusing on the short term. B. have a tendency to avoid conflict. C. sometimes overanalyze situations. D. rely on intuition and discussions with others to acquire information. E. are good at finding creative solutions to problems.
U-shaped production lines that are more efficient for low-volume production as compared to a job shop are known as ________.
Fill in the blank(s) with the appropriate word(s).
The primary participants in corporate governance do not include the
A. management (led by the chief executive officer). B. board of directors. C. financial institutions. D. shareholders.