Question: Chapter 9 focuses on Operational Decision Making. Managers make decisions on pricing of services and goods in facilities. They negotiate purchase prices and set the
Chapter 9 focuses on Operational Decision Making. Managers make decisions on pricing of services and goods in facilities. They negotiate purchase prices and set the prices to sell items. Supply and demand drives many of these as well as fixed costs. Define supply and demand, fixed costs, and variable costs then answer the following question: If you were the manager of an open air swimming pool, would you feel comfortable raising prices on hot days when demand is higher? Why or why not?
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