Development and Production Plan Maintaining your output level in order to meet your customers' demands is a necessary skill. As a result, the following questions must be addressed: • What quantity and how frequently should my goods be produced? (This would depend on sales turnover) • What raw material is used in production? • Is the raw material available? • Do I need anyone to assist in the production (you may want to be a bit more specific here)? • If special skills are needed, how can they be acquired and retained? • What are the total production costs? In order to estimate the cost of production you would need to do the following: • Identify all the inputs needed to produce and sell. • Calculate the cost of the production of a specific quantity that you can manage. • Identify production inputs under the following headings: Fixed cost: Costs that will be incurred regardless of the level of production. Variable Costs: Costs that are directly related to the level of production. The more goods produced, the more variable costs will be incurred and vice versa.

Development and Production Plan Maintaining your output level in order to meet your customers' demands is a necessary skill. As a result, the following questions must be addressed: • What quantity and how frequently should my goods be produced? (This would depend on sales turnover) • What raw material is used in production? • Is the raw material available? • Do I need anyone to assist in the production (you may want to be a bit more specific here)? • If special skills are needed, how can they be acquired and retained? • What are the total production costs? In order to estimate the cost of production you would need to do the following: • Identify all the inputs needed to produce and sell. • Calculate the cost of the production of a specific quantity that you can manage. • Identify production inputs under the following headings: Fixed cost: Costs that will be incurred regardless of the level of production. Variable Costs: Costs that are directly related to the level of production. The more goods produced, the more variable costs will be incurred and vice versa.

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

See similar textbooks

Similar questions

Justify these subtopics for a website ( where farmers can directly sell their goods to the people through this website) Resources, Activities and Costs • Four Critical Resources • Financial Resources
May I know the correct option?
Plant Manager What training would benefit a person performing this job? If you had to design a training program for this job, what content areas would be needed?What training method would be best (on-the-job training, seminars, apprenticeships, vestibule, etc.)?Why?
2. You are working for a Canadian luggage company and manufacturer. Use the following product description to answer the questions below: Product Description: The luggage case has wheels and a retractable handle for pulling. The wheels move in all directions to make for easy movement when traveling. This new model is approved as a carry-on luggage piece for airline flights. It can be made of heavy-duty polyester fabric or a water- resistant tapestry fabric with leather trim; customers choice. a.How would you transport shipments of your new piece of luggage to all of keeping in mind you have retail locations in Canada, USA and Europe. Your manufacturing plant is in Nova Scotia. Explain a. your distributors, b. What factors would you consider when pricing your new piece of luggage? Explain in detail. C. Who would be your target market for this product? Explain
please help please - production planning and control ?
What are CVP analysis' fundamental assumptions?
3. What are your solutions and recommendations?
An approach that seeks to make revolutionary changes as opposed to evolutionary changes (which is advocated by total quality management).
An aluminum can manufacturer has discovered a way to improve its manufacturing process. As a result, its manufacturing cost has been reduced from $0.89 to $0.79 cents. How can the manufacturer best exploit this cost advantage? Information to be given if asked Market • The client is the leader in its market with a 40% share and supplies directly to major beverage manufacturers. • The number two player in the market has about 30% of the market and many small competitors share the rest. Substitutes • Aluminum cans have a lower priced substitute, steel cans, which have inferior printing and stamping characteristics. • Steel cans are used by customers who do not want to pay the premium for aluminum cans.
Value Chain PRIMARY ACTIVITIES : example: Inbound Logistics - a gathering of new materials thru a partnership with ranches. allocation of sources and warehouse, separate facilities of the working area and manufacturing. Operations- production Outbound Logistics Marketing and Sales After-sales Services SUPPORTING ACTIVITIES : Procurement Technological development Human resources management Infrastructure What are the possible supporting activities in those list?
Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?
Discuss the plans that provide for variable incentives linked to a standard expressed as a time period per unit of production.