Ask Question
BusinessBusiness
12 September, 06:14

Your company manufactures children's toys, and you want to keep the prices as low as possible for individual consumers. Which of the following things could you do to keep prices low?

+3
Answers (1)
  1. 12 September, 06:38
    0
    Explanation: As a manufacturer of children's toys these are the things that must be done to keep the prices of your products low:

    1. Sourcing for raw materials is very important as this will form the basis of your product pricing. you must get the cheapest price for the quality of products to be manufactured.

    2. Reduce waste as minimal as possible

    3. Negotiate all costs to the lowest

    4. Design trade by barter offers for your products

    5. Negotiate long term supply agreement with suppliers
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your company manufactures children's toys, and you want to keep the prices as low as possible for individual consumers. Which of the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Farrar Cakes disclosed total liabilities of $5,400,000, total assets of $8,000,000, interest expense of $400,000, income taxes of $600,000, and net income of $1,000,000 in their 2020 Annual Report.
Answers (1)
There are two countries on a peninsula. The first has a real GDP per capita annual growth rate of 2% and its neighbor to the south has an annual growth rate of 5%.
Answers (2)
Standard inc. has an annual interest expense of $40,000. if standard's times-interest-earned ratio is 3.0, what is standard's earnings before taxes (ebt) ? select one: a. $160,000 b. $80,000 c. $47,000 d. $120,000
Answers (1)
A company is trying to decide whether to keep or drop the organic foods department in its grocery store. If organic foods are dropped, the manager will be laid off.
Answers (1)
Fred and Sarajane exchanged land in a qualifying like-kind exchange. Fred gives up land with an adjusted basis of $11,000 (fair market value of $16,000) in exchange for Sarajane's land with a fair market value of $12,000 plus $4,000 cash.
Answers (1)
New Questions in Business
Extreme Protection, Inc. manufactures helmets for skiing and snowboarding. The fixed costs for one model of helmet are $7000 per month.
Answers (1)
institution ID Institution II 1. finances budget deficits. 1. loans funds to the banking system. 2. Sells newly issued government bonds. 2. It creates money out of thin air. 3. It issue money. 3. It control the money supply. 4.
Answers (1)
The materials purchase price variance, in a standard cost system, is obtained by multiplying the: Group of answer choices a. Actual price by the difference between actual quantity purchased and standard quantity used. b.
Answers (1)
Vanessa Company is evaluating a project requiring a capital expenditure of $480,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and cash flow from the project are as follows.
Answers (1)
Pharoah Corporation loaned $660000 to another corporation on December 1, 2020 and received a 3-month, 9% interest-bearing note with a face value of $660000. What adjusting entry should Pharoah make on December 31, 2020
Answers (1)
Home » Business » Your company manufactures children's toys, and you want to keep the prices as low as possible for individual consumers. Which of the following things could you do to keep prices low?
Sign Up Forgot Password?