Suppose When the Price of Pineapples Goes from $5 to $3

question 139

Multiple Choice

Suppose when the price of pineapples goes from $5 to $3 per pineapple,production decreases from 3,500 pineapples to 2,000 pineapples per year.Using the mid-point method,the percentage change in price would be:

• A) 0.50
• B) 50 percent
• C) 0.54
• D) 54 percent

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Definitions:

Order Fulfillment

The complete process from point of sale to delivery of a product to the customer, including processing, picking, packing, and shipping.

Marketing

The activities, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

SRM

Supplier Relationship Management (SRM) is the systematic, strategic coordination of business processes between an organization and its suppliers to optimize the value delivered through the supply chain.

Supplier Evaluation

The process of assessing and approving potential suppliers by quantitative and qualitative assessment.