2. List three (3) major influences on pricing decisions.                                  
4. Distinguish between price setters and price takers.
6. Souls Productions is looking to produce a new machine expected to have a life cycle of 5 years. The companies requires a 30% profit per annum on this investment that will cost P1million pula to start up. 50,000 machines are expected to be produced annually and each sold at P15,000. Calculate the target cost of one machine.
8. Explain fully the five (5) goals that Just-in-Time seeks to achieve.

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Answer Three major influences on pricing decisions are 1 Cost of Production The cost of producing a product or service is a fundamental factor that influences pricing decisions Companies need to ensur... View the full answer