Joint Product Pricing


Book Description

What is Joint Product Pricing In microeconomics, joint product pricing is the firm's problem of choosing prices for joint products, which are two or more products produced from the same process or operation, each considered to be of value. Pricing for joint products is more complex than pricing for a single product. To begin with, there are two demand curves. The characteristics of each could be different. Demand for one product could be greater than for the other. Consumers of one product could be more price elastic than consumers of the other. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Joint product pricing Chapter 2: Monopoly Chapter 3: Monopolistic competition Chapter 4: Supply and demand Chapter 5: Deadweight loss Chapter 6: Economic surplus Chapter 7: Price discrimination Chapter 8: Elasticity (economics) Chapter 9: Economic equilibrium Chapter 10: Consumer choice Chapter 11: Substitute good Chapter 12: Substitution effect Chapter 13: Allocative efficiency Chapter 14: Overproduction Chapter 15: Demand curve Chapter 16: Tax incidence Chapter 17: Pricing strategies Chapter 18: Demand Chapter 19: Supply (economics) Chapter 20: Derived demand Chapter 21: Margin (economics) (II) Answering the public top questions about joint product pricing. (III) Real world examples for the usage of joint product pricing in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Joint Product Pricing.










Product Variety Management


Book Description

Product proliferation has become a common phenomenon. Most companies now offer hundreds, if not thousands, of stock keeping units (SKUs) in order to compete in the market place. Companies with expanding product and service varieties face with problems of obtaining accurate demand forecasts, controlling production and inventory costs, and providing high quality and good delivery performance for the customers. Marketing managers often advocate widening product lines for increasing revenue and market share. However, the breadth of product line can also decrease the efficiency of manufacturing processes and distribution systems. Thus firms must weigh the benefits of product variety against its cost in order to determine the optimal level of product variety to offer to their customers. Academics and practitioners are interested in several fundamental questions about product variety. For instance, why do companies extend their product lines? Do consumers care about product variety? Will a brand with more variety enjoy higher market share? How should product variety be measured? How can a company exploit its product and process design to deliver a higher level of product variety quickly and cheaply? What should the level of product variety be and what should the price of each of the product variants be? What kind of 'challenges would a company face in offering a high level of product variety and how can these obstacles be overcome? The solutions to these questions span multiple functions and disciplines.




Managerial Economics (Analysis of Managerial Decision Making), 9th Edition


Book Description

Widely acknowledged, this popular and detailed text is a comprehensive treatise on Managerial Economics – both micro and macro-economic aspects. This text ensures a thorough understanding of core concepts before advancing to provide an expanded treatment of topics. It explains the economic environment and the impact on managerial decisions regarding price & output determination in different market structures followed by an account of the behaviour of individuals under conditions of uncertainty.




Handbook of Cost Management


Book Description

Handbook of Cost Management, Second Edition covers all of the essential topics in cost management and accounting. It includes conventional topics, such as job costing and cost allocation, as well as such current topics as balanced scorecard, economic value added, logistics and marketing cost, theory of constraints, inter-organizational costing, and the cost of quality.







Cost Accounting And Financial Management (For C.A. Course-1)


Book Description

This Book Is Designed As Per The New Syllabus Effective From 1St October 2001, Prescribed By The Institute Of Chartered Accountants Of India.The Book Has The Following Significant Features:It Contains Solutions Of Numerous Problems Set In The Previous C.A. Examinations.At The End Of Each Chapter Objective/Descriptive Type Questions With Answers And Summary Of Important Formulae Are Given. Descriptive Questions Will Enable The Students To Test Their Understanding Of The Subject.It Explains The Various Cost Accounting Principles And Concepts, Tool And Techniques Of Financial Management And Their Applications In Real Life Situations In A Simple And Lucid Language With Appropriate Examples, Diagrams, Tables, Etc.It Describes Different Sources Of Finance Available To Business Enterprises To Cater To Their Various Types Of Requirements.Examples Have Been Graded With Care.This Book Would Serve As An Excellent Comprehensive Text For Not Only C.A. Students But Also For Those Preparing For M.B.A., I.C.W.A.I (Inter), C.S. And Similar Examinations.




Agricultural Product Prices


Book Description

Published continuously since 1972, Agricultural Product Prices has become the standard textbook and reference work for students in agricultural and applied economics, buyers and sellers of commodities, and policymakers, clearly explaining conceptual and empirical models applicable to agricultural product markets. The new fifth edition uses up-to-date information and models to explain the behavior of agricultural product prices. Topics include price differences over market levels (marketing margins), price differences over space (regionally and internationally) and by quality attributes, and price variability with the passage of time (seasonal and cyclical variations, trends, and random behavior). William G. Tomek and Harry M. Kaiser review and adapt microeconomic principles to the characteristics of agricultural commodity markets and then apply these principles to the various dimensions of price behavior. They also provide an in-depth discussion of prices established for futures contracts and their relationship to cash (spot) market prices; cover the influential roles of price discovery institutions, such as auctions and negotiated contracts, and government policies regulating trade and farms; and discuss the specification, use, and evaluation of empirical models of agricultural prices, placing emphasis on the challenges of doing high-quality, useful analyses and interpreting results.




Wiley CPA Exam Review 2008


Book Description

Completely revised for the new computerized CPA Exam Published annually, this comprehensive, four-volume study guide for the Certified Public Accountants (CPA) Exam arms readers with detailed outlines and study guidelines, plus skill-building problems and solutions that help them to identify, focus, and master the specific topics that need the most work. Many of the practice questions are taken from previous exams, and care is taken to ensure that they cover all the information candidates need to pass the CPA Exam. Broken down into four volumes-Regulation, Auditing and Attestation, Financial Accounting and Reporting, and Business Environment and Concepts-these top CPA Exam review study guides worldwide provide: More than 2,700 practice questions Complete information on the new simulation questions A unique modular structure that divides content into self-contained study modules AICPA content requirements and three times as many examples as other study guides