You are a woman's sweater vendor. Most of your sales are to mid-price department stores as...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are a woman's sweater vendor. Most of your sales are to mid-price department stores as well as to large discount operations as well. Your label is well known and respected. One of your styles was a tremendous success with a major retailer. Based on its success you are thinking that you will receive a major order for this item for the upcoming season. Your production is made in China and due to the following reasons, your prices must go up: 1-Price of petrochemicals is up over 20% 2-Dollar versus Chinese RMB a 10% decline 3-Wages in China have increased about 10% 4-Transportation costs have increased 5-Supply chain You are hoping to keep your increase to no more than 10% from the previous year. Even at this you are working at a shorter markup. You have been informed that the retailer is going to give your item to another vendor with a major recognized label at the same cost as last season. This is your item and you both want and need this order. discuss what actions you are prepared to do to try and get this order. You are a woman's sweater vendor. Most of your sales are to mid-price department stores as well as to large discount operations as well. Your label is well known and respected. One of your styles was a tremendous success with a major retailer. Based on its success you are thinking that you will receive a major order for this item for the upcoming season. Your production is made in China and due to the following reasons, your prices must go up: 1-Price of petrochemicals is up over 20% 2-Dollar versus Chinese RMB a 10% decline 3-Wages in China have increased about 10% 4-Transportation costs have increased 5-Supply chain You are hoping to keep your increase to no more than 10% from the previous year. Even at this you are working at a shorter markup. You have been informed that the retailer is going to give your item to another vendor with a major recognized label at the same cost as last season. This is your item and you both want and need this order. discuss what actions you are prepared to do to try and get this order.
Expert Answer:
Answer rating: 100% (QA)
Negotiation Reach out to the retailer and explain the situation transparently Highlight the quality reliability and past success of my product Discuss ... View the full answer
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133098235
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
Posted Date:
Students also viewed these marketing questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
j) Assume that one of these portfolio's is the Market Portfolio and all portfolios, except Portfolio G, are fairly priced according to the CAPM. Derive the Treynor Measure for these fairly priced...
-
You are the senior marketing manager for a manufacturing firm that is getting ready to launch its first e-commerce B2C Web site. The goal for the new site is to attract new customers from new markets...
-
Suppose that, in a hypothesis test, the null hypothesis is in fact true. a. Is it possible to make a Type I error? Explain your answer. b. Is it possible to make a Type II error? Explain your answer.
-
A loan of $\$ 50,000$ is due 10 years from today. The borrower wants to make annual payments at the end of each year into a sinking fund that will earn interest at an annual rate of 10 percent. What...
-
An isolated spherical capacitor has charge + Q on its inner conductor (radius ra and charge -Q on its outer conductor (radius rb) Half of the volume between the two conductors is then filled with a...
-
Paddington Gifts made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory Mar. 7 Purchased July 28 Purchased Oct. 3 Purchased Totals Required: 200 units @...
-
One way to see whether this procedure will be successful is to split the original data set into two subsets: one subset for estimation and one subset for validation. A regression equation is...
-
Assume the share price of Nedbank is R135. The company recently paid a dividend of R5.50 per share for the 2020 fiscal year. Expected return on equity is 15% and the company normally distributes 40%...
-
The following is the financial statement of Executive Dynamic Mattress for the year ended December 2018. Refer Table 18.2 INCOME STATEMENT, 2018 Revenue $ 3,100.0 Cost of goods sold 2,790.0...
-
5. [10 points] (Condition Number) Consider f: R R defined as f(x) = = xQx+bx+c where 1 = [2 i], 6= [1+c], b 1 - c=2. C (a) Find the condition number of the Hessian of f for (0, 1). (b) What...
-
3. You are interested in the improvement of your track and field squad (discus) when throwing sporting implements, and their knowledge of projectile motion equations. You decide to test all your...
-
Final Case Study ACCT 26 Following are the chart of accounts for and balances for June 1, 20XX for The Right Approach, an advertising company that sells subscriptions and provides consulting for...
-
Question 1 (12 points). Pick your favourite strictly increasing sequence of odd positive integers n = (n,...,n) starting with n 1 and of length /> 2. = 1. Prove that the polynomial function Pn:...
-
In 2014, Company A reported profits of about $52 billion on sales of $279 billion. For that same period, Company B posted a profit of about $23 billion on sales of $81 billion. So Company A is a...
-
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
-
Identify the factors an auditor uses to decide the appropriate ARACR. Compare the sample size for an ARACR of 10 percent with that of 5 percent, all other factors being equal.
-
Distinguish between the objectives of an internal control questionnaire and the objectives of a flowchart for documenting information about a clients internal control. State the advantages and...
-
Distinguish between management fraud and employee fraud. Discuss the likely difference between these two types of fraud on the fair presentation of financial statements.
-
Suppose that the range of the strong interaction were suddenly increased by 20 orders of magnitude, with all other interactions unchanged. Describe the changes that might occur in the structure of...
-
Explain why friction is not considered a fundamental interaction.
-
Two children on ice skates pull toward each other on a rope held taut between them. The inertia of one child is \(30 \mathrm{~kg}\), and the inertia of the other is \(25 \mathrm{~kg}\). (a) If at one...
Study smarter with the SolutionInn App