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Sometimes suppliers will not share cost data outright. As the purchaser you will have to utilize reverse price analysis, describe the formula and when would you use it?
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- what is an amount deducted from the list price that is granted by a supplier of goods/services on the list or catalog price? What is The creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation into finished products?Discuss why suppliers are often hesitant to share cost information with buyers, particularly at the beginning of a buyer-seller relationship.Is a Value Analysis Plan better or worse than simply finding the lowest price for an item, regardless of vendor or supplier? Explain your position.
- Give examples of products for which demand is elastic, and which you would only buy (or buy more of) if the price went down.Discuss the advantages and disadvantages of an optimized supply base. How can a buyer overcome the disadvantages? Please provide APA 6th Edition (American Psychological Association) style citations and references. maximum 2 references would be fine.Atlas Hardware buys power tools with a list price of $23,500. If the supplier offers trade discounts of 10/20/5, find the trade discount amount. Use the single equivalent discount for your answer. O $3,926 O $7,426 O $13,500 O $16,074
- What is more important for a purchasing transaction, price, timing or quality?Discuss the reasons why suppliers are sometimes reluctant to share price information with buyers, particularly during the early stage of a buyerseller relationship?What are the advantages of sending price change orders ahead of time?
- Write about the concept of price skimming strategy ?Match the following component of a Porter’s 5 Forces analysis to the correct description: Supplier power The ability of customers to influence the price which firms can charge for good/service The number of firms offering a directly related product and the intensity of competition between them and the focal firm The ease with which consumers can switch to a related, but different, good/service in place of the products offered by the company How difficult is it for new firms to join the industry The extent to which distributors can influence the cost of inputs for the firmExplain why a product or service’s contribution (selling price minus variable cost) is an important element in developing a marketing strategy, giving examples to illustrate your answer.