Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Marketing Mix Paper – Price Pricing is the amount of money that customers are willing to pay a business for a good or service. There are a lot of contributing factors that businesses must take into consideration when it comes to effectively setting a price for a good or service. It includes direct and indirect cost as well as opportunity cost. Pricing is one of the most important elements of the marketing mix. It is the only one of the components that generate revenue‚ while promotion‚ place
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Selecting a Pricing Method 3 major considerations in price setting : costs of production‚ distribution‚ communication set a floor to the price competitors’ prices and the price of substitutes provide an orienting point customers’ assessment of unique features establishes the price ceiling (plafond) Companies select a pricing method that includes 1 or more of these three considerations. We will examine 6 price-setting methods: Mark-up pricing‚ target-return pricing‚ perceived-value
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UNIVERSITY OF IASI FACULTY OF CIVIL ENGINEERING Profile: CONSTRUCTIONS Master Speciality: STRUCTURAL ENGINEERING • Subject SPECIAL TRANSPORTATION STRUCTURES (STS) Part One ( Course) Part Two ( Course) Part Three ( Appendix 1. Written Test on STS;/ Notes for Guidance on STS: ngl1.ppt...ngl11 ppt) Radu ANDREI‚ PhD‚ P.E.‚ Professor of Transportation Engineering Iasi 2005/2006 1 CONTENTS ( draft) : Preface Chapter No. Title Number of hours Lecture No Pages
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Explain what ‘Intermodal Transportation’ with reference to ‘Containerization’ is in today’s transportation process. Contents 1. Intermodal Transportation 2. Containerization 3. References 1. Intermodal Transportation Globalization and the constant expansion of the geographical borders led to an increase of the international transport’s demand‚ promoting the development of the transport sector. In fact‚ the growth of the amount of freight being traded‚ as well as‚ a great
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Transportation Revolution In the United States of America‚ before the 1800s‚ the only major revolution that had occurred had been the American Revolution. Before that‚ there hadn’t been any really revolutionary movements. That all changed in the early years of the 1800s‚ 1810 to be more precise. In that year‚ a new revolution had started in America‚ which was and is still known as the Transportation Revolution. During this period‚ which lasted from 1810 to 1850‚ things changed in the area of
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car rental company successfully used the transportation method to move its inventory of cars efficiently. ANSWER: TRUE 10.2 Transportation and assignment problems are really linear programming techniques called network flow problems. ANSWER: TRUE 10.3 A typical transportation problem may ask the question‚ “How many of X should be shipped to point E from source A?” ANSWER: TRUE 10.4 The objective of a transportation problem solution is to schedule shipments
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More notes about domestic TP There are no cash flows associated with transfer pricing. In a decentralized firm‚ transfer prices generally play two important roles: 1. Allocate profits between different tax jurisdictions for taxation purposes 2. Coordinate economic activity within the firm Firms can choose to use different transfer prices for taxes and financial/internal reporting. The use of transfer prices allows central management to generate individual profit figures for different divisions
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Public Transportation Free public transportation would be a useless drain on the American economy. Firstly‚ a system of transportation with no regulated price would lack stability. Funding for public transportation would have to come from different areas and aspects of society which might severely upset many citizens. Criminals and drug dealers would see the new and free transportation system as a major benefit to their business. These individuals would deter current users from continued
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* Chapter Five Assignment This lesson is taken directly from Chapter One of the textbook and the "Texas Transportation Code‚" hereafter known as TC. The "Texas Transportation Code" is a section of the Texas Criminal Law and Motor Vehicle Handbook and it is online at http://www.texasonline.com/portal/tol Directions: the following questions / statements require short answer or essay format responses. All responses should be submitted with the corresponding numbered question / statement. This
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