Morice Industries Inc

question 2

Multiple Choice

Morice Industries Inc. has developed a new injection mold, model IA-05, that is designed to offer superior performance to a comparable injection mold sold by Morice's main competitor. The competing injection mold sells for $54,000 and needs to be replaced after 1,000 hours of use. It also requires $7,000 of preventive maintenance during its useful life. Model IA-05's performance capabilities are similar to the competing product with two important exceptions-it needs to be replaced only after 2,000 hours of use and it requires $8,000 of preventive maintenance during its useful life. From a value-based pricing standpoint what is the differentiation value offered by model IA-05 relative to the competitor's offering for each 2,000 hours of usage?

• A) $68,000
• B) $60,000
• C) $6,000
• D) $108,000

Explain the role of quality improvement in organizational success.

Identify the activities involved in studying organizational behavior.

Differentiate between formal and informal organizational structures and their impact on organizational behavior.

Understand that organizational culture can be modified and involves visible aspects like language, stories, rites, rituals, and sagas.

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Definitions:

Dominant Tenement

Property that has the advantage of an easement.

Servient Tenement

The property subject to an easement.

Right-of-Way

The legal right, established by usage or grant, to pass along a specific route through grounds or property belonging to another.

Positive Covenant

A clause in a contract that requires a party to take a specific action or comply with certain conditions.