Specialty paint stores are able to control a larger portion of the market in nonmetropolitan areas, which makes this an attractive region for paint companies with premium products. Customers 50 percent of architectural coatings dollar sales come from do-it-yourself (DIY) painters. Professional painter purchases account for 25 percent of dollar sales. The other 25 percent of dollar sales is attributed to government, export, and contractor sales. DIY painters view paint as a commodity.
The maximum price should consider the customers’ WTP advantage which is the difference between the total cost of ownership using CMI’s new cushion pad and using the conventional product. Our customer (Kendrick) could complete the job which required 300 piles driven 50 feet into the ground with only one set of CMI pads. On the other hand, Kendrick had to consume 20 sets of conventional pads for the same job. Kendrick has paid $150 per set of conventional pads, so they might be willing to pay $3,000 for a set of CMI’s pads if all other conditions are same. Only the durability is reflected for this WTP.
Question #2 Japanese Cars and USA Both Japanese and American workers can make 4 cars a year. The Japanese workers can make 5 tons of grain per years, an American will produce 10 tons of grain per year. We are going to make it easy and have an assumption that there are 100 million workers for each country. a) Make a table analogous to the table in Figure 1. Production per worker per year: Total production per year for 100 million workers: Vehicles Grain in tonnage Vehicles Tons of Grain Japan 4 5 400 million 500 Million America 4 10 400 million 1 Billion B.)
1st month is 3 people which is $300, 2nd month its 10 people which is $1000, 3rd month its 20 people which is $2000, 4th month is 14 people which is $1400, 5th month its 10 people which is $1000 and the 6th month is 8 people which is $800. If you add up the cost of each month need for extra people, then you get a total of $6500 for extra man power. So let’s add up $6500 + $750 for storage you get a total of $7250. The Hybrid strategy in my opinion would be the better solution since it combines low cost and differentiation advantages. It blends your traditional marketing with the online marketing.
Memberships Sold = $25.00, $50.00, or $100.00 02. Memberships Sold = $50.00, $100.00, or $200.00 03. Memberships Sold = $75.00, $150.00, or $300.00 04. Memberships Sold = $100.00, $200.00, or $400,00 05. Memberships Sold = $125.00, $250.00, or $500.00 10.
The Congressional Budget Office (CBO) released a new report on the impacts of raising the minimum wage to $10.10 an hour and $9 an hour. It found that a $10.10 minimum wage, implemented by 2016, would mean higher earnings for 16.5 million workers, resulting in $31 billion more in higher earnings. It would also lift nearly 1 million people out of poverty. But it also found that an increase would reduce jobs slightly. “Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3 percent,” it projects.
Furthermore, the Internet provides a convenient way for marketers and consumers to communicate with one another. While consumers can contact the companies at any time through their official websites, thanks to social media, companies are now able to contact the consumers at any time. This opportunity for communication can be advantageous for both consumers and marketers; for instance, consumers can announce their demands and grievances or marketers can get consumers’ opinions about their new products before their release into the
An example is if an organization recruiter can process 50 applications during a certain period of time in a recruiting exercise then the organization will require 10 recruiters to process 500 applicants. While efficiency driven forecasting is financially and efficient driven in that it uses metrics to evaluate how well an organization staffing plans are working. Example is, if a organization staffing costs were $50,000, and 10 people were hired, each with a starting base salary of $10,000, the organization staffing efficiency would be 50,000/100,000 or 50