History Of Ordnance Corps The Ordnance Corp is one of the oldest branches of the Army‚ established May 14‚ 1812. The U.S. Army Ordnance Department established from The Revolutionary War. General George Washington‚ the commander of the Continental Army‚ appointed Ezekiel Cheever to provide ordnance support to army in July 1775. Until 1779‚ all the armies had Ordnance personnel moving with them. They were civilians and Soldiers‚ served as conductors for maintenance - ammunition wagon and arms
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Based on the research data provided in the case study‚ Fisher- Price should initiate the production of the ATV explorer. Fisher- Price has an industry wide reputation of producing high quality toys with strong construction‚ good engineering and attractive design. Fisher-Price is the best-known brand for preschool toys (64.7%) with a market share of 74.7%. Moreover Fisher Price was also ranked highest at 82.7% in the brand loyalty measure for toys purchased most often. Observing their sales
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Five (5) price adjustment strategies Discount and allowance pricing This is when companies adjust their price to reward customer for certain response. Such as early payment of bills and buy one get one half price or free. The many form of discount include a cash payment discount‚ a price reduction to buyers who pay their bills promptly. For examples “2/10 net 30‚” this means although payment is due within 30 days‚ the buyer can deduct 2 percent if the bill is paid within 10 days. Also buyers
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Price Discrimination in Airline Industries Jennifer Solomon University of Maryland University College In many cases we run into industries that charge various customers different values for an identical good. These industries find that they intensify their revenues by using this method. Those industries that aid by this structure of moneymaking have participated in price discrimination. When you are boarding a flight I am sure you know that the passengers around you have not paid the same
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A price ceiling is a government-imposed limit on the price charged for a product. Governments intend price ceilings to protect consumers from conditions that could make necessary commodities unattainable. However‚ a price ceiling can cause problems if imposed for a long period without controlled rationing. Price ceilings can produce negative results when the correct solution would have been to increase supply. Misuse occurs when a government misdiagnoses a price as too high when the real problem
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Economics Discussion Questions 1. Suppose the price of coffee beans increases by $0.20 per pound. What is the effect of this raw material price increase on the demand for roasted coffee? If one pound produces 50 cups of coffee‚ would the price of a cup of coffee rising by $0.01? Explain. Price of the product comes from the production of the goods all the way till it hits the market shelf. So when the price of the product like coffee increases during the productivity of the product then the end
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PRICE DISCRIMINATION : A pricing strategy that charges customers different prices for the same product or service. In pure price discrimination‚ the seller will charge each customer the maximum price that he or she is willing to pay. In more common forms of price discrimination‚ the seller places customers in groups based on certain attributes and charges each group a different price. Price discrimination involves market segmentation. A firm price discriminates when it charges different prices
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Fluctuating Gas Prices Kyle Bonzelaar Davenport University Gas prices have been on a rapid rise the last few years and not many people are happy with it. It limits those on a budget for how much they can do and how much they are willing to drive. Lately‚ gas prices have been fluctuating in price and going up but are more recently going back down‚ which gives people a little more flexibility at times in their schedule. It lets people do things such as travel and more‚ that they were not able
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AS Economics Functions of the Price Mechanism tutor2u™(www.tutor2u.net) is the leading free online resource for Economics‚ Business Studies‚ ICT and Politics. Don’t forget to visit our discussion boards too as part of your Economics revision. www.XtremePapers.net tutor2u™ Supporting Teachers: Inspiring Students Page 2 of 5 Functions of the Price Mechanism Revision Focus on the Functions of the Price Mechanism AS Syllabus Requirements: How Markets and Prices Allocate Resources Candidates should
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1. Under what environmental conditions are price wars most likely to occur in an industry? What are the implications of price wars for a company? How should a company try to deal with the threat of a price war? Price wars are most likely to occur when the following conditions are present in an industry: the product is a commodity‚ exit barriers are substantial‚ excess capacity exists‚ the industry is consolidated‚ and demand is declining. A price war constitutes a strong threat. It is difficult
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