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Click It, Inc.
Travis is a salesperson for Click It, Inc.Click It does not sell products with its own brand name.Instead, its products are created for different retail stores and carry the store brand.Travis thought that several changes needed to be made to a particular product, but Click It management reminded him that the stores, not Click It, owned the brand.
However, because Click It had been concerned about dropping sales, management listened to Travis's concerns about the company's pricing.He suggested using a different pricing strategy.More specifically, he felt that the company should incorporate a multiple-unit pricing strategy because it would then allow Click It to set a single price for multiple units.This had the potential of increasing sales and therefore profits, so management agreed to consider Travis's suggestion.
-Refer to Click It, Inc.When Click It displays information on a product or its package, this refers to
JIT
Just-In-Time, a manufacturing methodology aimed at reducing flow times within production as well as response times from suppliers and to customers.
Vertical Integration
A strategy where a company expands its business operations into different steps on the same production path, such as a manufacturer owning its supplier and/or distributor.
Upstream Suppliers
Companies or entities that provide raw materials, components, or services to another company for the production of goods.
Business Strategy
A plan of action designed to achieve a specific set of objectives that ensures the growth and success of an organization.
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