Examlex

Solved

A Biscuit Shop in a Shopping Centre Is Open from 9

question 144

Essay

A biscuit shop in a shopping centre is open from 9 a.m. to 5 p.m., Monday to Friday. The cost of making and selling biscuits averages $0.50 per biscuit. At 5 p.m. on Friday evening, the owner still has several dozen unsold biscuits. The biscuits will not be saleable on Monday. What is the best price strategy for the biscuit shop to take? Justify your answer.


Definitions:

CAM Technology

Computer-Aided Manufacturing technology which utilizes software and machinery to facilitate and automate manufacturing processes.

Bring Your Own Device (BYOD)

A policy permitting employees to use their personal devices for work purposes.

Online Productivity Software

Cloud-based applications and tools designed to help users create, edit, manage, and share documents and tasks over the internet.

Social Networking Tools

Online platforms that enable users to build social networks or social relations with other people who share similar personal or career interests, activities, backgrounds, or real-life connections.

Related Questions