Consider the Portfolio of Projects Described in the Table A)A
B)B

question 98

Multiple Choice

Consider the portfolio of projects described in the table.The resource requirements are in numbers of labor hours.The Greatest Resource Demand rule would begin work with project: $$\begin{array} { | l | l | l | l | l | l | } \hline&&& \text { Resource } & \text { Resource } & \text { Resource }\\\text { Project } & \text { Date Rec'd } & \text { Date Due } & 1&2 & 3\\ \hline \text { A } & \text { Apr 2006 } & \text { Oct 2006 } & 125 & 200 & 100 \\\hline B & \text { Feb 2006 } & \text { Sep 2006 } & 200 & 350 & 400 \\\hline \mathrm { C } & \text { Mar 2006 } & \text { Aug 2006 } & 100 & 650 & 200 \\\hline \mathrm { P } & \operatorname { Jarn } 2006 & \text { Nov 2006 } & 150 & 250 & 350 \\\hline\end{array}$$

• A)A.
• B)B.
• C)C.
• D)D.

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Definitions:

Fixed Costs

Costs that remain constant and do not vary based on the number of units produced or sold.

Competitive Price Environment

A market situation where multiple sellers attempt to attract customers by keeping their prices competitively low.

Pricing Objectives

are the goals that guide how a business sets the prices of its products or services, with considerations for maximizing profits, capturing market share, or achieving other strategic aims.

Reference Price

A reference price is the price that consumers consider reasonable or fair for a product or service, which they use as a benchmark to evaluate the actual price.