Management accounting and optimization models can contribute to the success of any organization. In this paper, information from the Activity-Based Costing is used in the development of an optimization model, to determine the optimum product mix of a company in the Footwear Industry. The proposed ...
If a company can manage its product mix successfully, then it would be easier for it to adjust to the altered demand pattern and preferences. Moreover, it diversifies the risks and lowers the dependence on one product or one product line. But, it must be careful when expanding the product ...
Let’s now solve the following example of the product mix problem. You can find the solution to this problem in the file Prodmix.xlsx, shown in Figure 27-1. Let’s say we work for a drug company that produces six different products at their plant. Production of ...
Product Mix A company’sproductline consists of a set ofproductsthat relates to one another; for example‚ a line of breakfast cereals. Theproductmixcombines severalproductlines. Acompanymay sell a line of breakfast cereals‚ a line of laundry detergents and a line of household cleaners. Bui...
The present work aims at designing a Linear Programming Model for finding out the right product mix for a leading textile manufacturing company in India with the objective of profit maximization. Data such as contribution per metre produced, saleability index, loom type and width, number of loom...
decisionLowLowLowLowLowLowHighHighHigh21ProductandServiceDecisionsIndividualProductProductLineProductMixProductlinewidth:numberofdifferentproductlinescarriedbycompanyProductlinelengthtotalnumberofitemsacompanycarrieswithinitsproductlines.ProductlinedepthNumberofdifferentversionsofeachproductinthelineProductlineconsistencyKey...
Marketing a product is particularly important since products represents one of thefour P’s of the “marketing mix” modelof digital marketing, which can help advertisersreach relevant audiences, drive sales, and improve efficiency. What is product marketing responsible for?
New Artisan Rugs e-commerce white label program gives Art Resources’ stocking dealers the opportunity to add thousands of high fashion, high-quality area rugs to their product mix instantly and risk-free. 02/03/2025 Broadloom, Retail Rugs Come into Focus at CCA Convention, ConneXtion 2025 Carpe...
-- or ideally improving -- the company's profitability. When determining your product mix, you must balance both the short-term and long-term goals of the enterprise. For example, a mix that results in the highest sales for the upcoming year may not set the company up for future growth....
4. The company or it's authorised service centre/ service dealer, reserves the right to retain any part/s or component/s replaced at it's discretion in the event of a defect noticed in the equipment during the warranty period. 5. Any change of address shall be intimated to concerned serv...