When evaluating a special order, management should consider the following:-The expected value of the order-The expected time to receive the order-The expected cost of the order-The potential for delay in the order-The potential for quality problems with the order
When should a special order be accepted quizlet?
A special order should be accepted quizlet when it is received with at least 7 working days.
What data are relevant in deciding whether to accept an order at a special price?
The customer’s location, the product’s features, the time of day the order was placed, and the amount of the order.
How do you determine relevant costs?
There is no one definitive answer to this question, as the determination of relevant costs will vary depending on the specific context and situation. However, some general tips that may help include considering the costs associated with specific activities or projects, studying the market for the product or service in question, and researching the company or individual who provides the service or product.
What are the qualitative factors in considering in accepting or rejecting a special order?
Some qualitative factors that may be considered in accepting or rejecting a special order include the quality of the product, the availability of the product, the price, the shipping time, and the customer service.
How are special order decisions calculated?
There is no one answer to this question as it depends on the specific calculation used to make special order decisions. Generally, special order decisions are based on the cost of fulfilling an order, the quantity ordered, and the shipping time.
Which of the following factors are not qualitative factors in a make-or-buy decision?
The cost of the product, the quality of the product, and the customer’s preference.
What are special orders in business?
When a customer orders a product from a business, the business may require a certain level of customization or modification in order to meet the customer’s specific needs.
Which is the first step in the management decision-making process?
The first step in the decision-making process is to identify the problem. Once the problem is identified, the next step is to identify the solution. The next step is to choose the solution that best meets the problem.
How does a company determine whether to sell a product as is or process further?
A company’s decision whether to sell a product as is or process further is based on a number of factors, including the cost of additional processing, the potential for increased sales, and the company’s overall goals.
Which of the following costs is irrelevant in the decision making of a special order when there is idle production capacity?
The cost of idle production capacity is irrelevant in the decision making of a special order when there is idle production capacity.
Which factor is not relevant in deciding whether or not to accept a special order?
The factor that is not relevant in deciding whether or not to accept a special order is the price of the product.
What are qualitative factors in decision making?
There are many qualitative factors in decision making, but some of the most important are: the target audience, the task at hand, the resources available, the alternatives available, and the competitive environment.
Which of the following qualitative factors should be considered when evaluating a make-or-buy decision?
The cost of the product, the quality of the product, and the customer service.
Which of the following costs are not relevant to a special order decision?
Which of the following costs are not relevant to a special order decision?The cost of the orderThe cost of the shippingThe cost of the return policy
What is special order pricing?
special order pricing is a pricing model where a product is ordered at a higher price than the regular price, but the product is not available until a later date. This can be done for a variety of reasons such as a product that is in high demand and is not available at the regular price, or a product that is a limited edition and is not available at the regular price.
Which of the following is the decision rule of a sell or process further decision?
If the decision rule is “sell”, then continue selling. If the decision rule is “process further”, then process the order.
How does the existence of excess production capacity affect the decision to accept or reject a special order?
There is no definitive answer to this question as it depends on a variety of factors, including the specific circumstances of the order, the production capacity of the supplier, and the market conditions at the time the order is placed. However, some experts suggest that accepting a special order may be more advantageous if the supplier can provide more than the required quantity, as this could lead to a higher price for the product and a lower profit margin.
What factors must any company consider before accepting a special order contract?
Some factors that a company must consider before accepting a special order contract are the company’s budget, the company’s production schedule, the company’s delivery time, the company’s quality control procedures, and the company’s customer service procedures.
When evaluating a short term special order management should?
When evaluating a short term special order management should?There are a few factors to consider when evaluating a short term special order management should. These factors include the expected demand for the product, the expected delivery time, and the company’s ability to meet the demand.
What is special order decision?
A special order decision is a decision made by a business to order a product that is not typically available to the general public.
Which of the following costs is relevant to a make-or-buy decision?
Which of the following costs is relevant to a make-or-buy decision? The price of the product, the cost of the materials, or the cost of labor?