ECONOMIC 2016-Globus- Quiz 1 - Part 1 -with verified answers-2022
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QUIZ 1 1. A cameramaker's price competitiveness in a particular geographic region is determined by whether the average wholesale price it camera retailers for its camera models is within $20 of ... the regional average wholesale price; all companies with average wholesale prices within $20 of the regional average wholesale price are considered to be price competitive. All other companies are considered to be charging average wholesale prices that are NOT price competitive. whether the average wholesale price for its camera models is within 10% of the lowest priced camera brand in the region: a company becomes progressively less price competitive the greater its average wholesale price is more than 10% above the company with the lowest average wholesale price. how favorably the average wholesale price it is charging camera retailers for its models compares to the lowest average wholesale price being charged by a rival cameramaker in that same geographic region. how much its average wholesale price to camera retailers in the region is above or below the regional average wholesale price. whether the average wholesale price it is charging camera retailers for its models is at least 10% below the highestpriced camera brand in the region: all companies whose average wholesale price is more than 10% below the highestpriced camera brand in the region are considered to be price competitive . 2. Which of the following does NOT accurately describe your company's camera/drone business and operations? The company has two buildings for assembling products at its Taiwan siteone for cameras and one for drones (the drone assembly process also includes assembly of an action camera model having features and specifications suitable for use in cameraequipped drones). No camera models or drone models are assembled in advance, warehoused in company facilities, and then us CONTINUED....... [Show More]
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