'Procurement' is one of the '4Ps' of marketing
Indicate whether the statement is true or false
FALSE
You might also like to view...
When Applebee's faced declining sales in 2008, efforts were made to:
A) divest IHOP to raise capital B) raise prices and increase quality C) rejuvenate the brand D) co-brand with IHOP
Define hourly wage, piecework rate, and salary.
What will be an ideal response?
Which do you think is more important when writing a proposal, benefits, or objections?
What will be an ideal response?
Astro, Inc. uses target costing and will soon enter a very competitive marketplace in which it will have limited influence over the prices that are charged. Management and consultants are working to fine-tune the company's sole service, which hopefully will generate a 12% return (profit) on the firm's $24,000,000 asset investment. The following information is available:Hours of service to be provided: 34,000Anticipated variable cost per service hour: $30Anticipated fixed cost: $2,560,000 per yearRequired:A. How much profit must Astro produce to achieve a 12% return?B. Calculate the revenue per hour that Astro must generate to achieve a 12% return.C. Assume that prior to entering the marketplace, management conducted a planning exercise to determine whether a 14% return could be attained
in year no. 2. Can the company achieve this return if (a) competitive pressures dictate a maximum selling price of $195 per hour and (b) service hours, variable cost per service hour, and fixed costs are the same as the amounts anticipated in year no. 1? Show calculations.D. If your answer to part "C" is "no," suggest and briefly describe a procedure that Astro might use to achieve desired results. What will be an ideal response?