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An example of a cost object is a specific product line within a company, such as a particular model of a car produced by an automobile manufacturer. Costs associated with designing, producing, and marketing that specific product line would be allocated to it as a cost object for analyzing profitability and making pricing decisions.
Product line pricing is a pricing strategy that uses one product with various class distinctions. An example would be a car model that has various model types that change with performance and quality. This pricing process is evaluated through consumer value perception, production costs of upgrades, and other cost and demand factors.
Nike
the product hierarchy stretches from basic needs to particular items that satisfy those needs.We can identify 6 levels of product hierarchy 1. need family 2. product family 3. product class 4. product line 5. product type
A product line is a trademark of a product, whereas a product industry is a franchise that distributes or creates the products. Example, the HP Pavilion is a product line, but HP is the Hewlett-Packard industry, and they create the HP Pavilion product line.
Almost all the firms have more than one product in their line of production. Even the most specialized firms produce a commodity in multiple models, styles and size, each so much differentiated from the other that each model or size of the product may be considered a different products e.g. the various models of television, refrigerators etc produced by the same company may be treated as different product for at least pricing purpose. The various models are so differentiated that consumers view them as different products. Hence each model or product has different average revenue (AR) and Marginal Revenue curves and that one product of the firm concepts against the other product. The pricing under this condition is known as multi-product pricing or product line pricing . In multi-product pricing , each product has a separate demand curve . But, since all of them are produced under one organization by interchangeable production facilities, they have only one inseparable marginal cost curve. That is, while revenue curves, AR and MR, are separate for each product, cost curves AC and MC are inseparable.
Front line pricing means that you cant offer an offer and you will have to suck it up and deal with it!
add new items in the same product category using the same brand name.
A line of machines and workers in a factory that a product moves along while it is being built or produced. Each machine or worker performs a particular job that must be finished before the product moves to the next position in the line
Product width refers to the number of product lines sold by one company. The product line refers to the same kind of product but falls in same categories products are similar in their main characteristics. for example the products produced by hindustan unilever:soaps,beverages,washing powders etc. soap is one product line and beverages is other. But sum total ofall of these product line is width of product mix.
high-volume, relatively simple product will end up overcosted and subsidizing a subsequently undercosted, low-volume, relatively complex product, resulting in inaccurate unit costing and suboptimal product-line pricing decisions
for each curve net export results when the curve is above the holizontal line if the curve is below the holizontal line net import results for a particular country.