QUESTION 43 Understanding the Cost Based Price Model of your #1 Supplied component, Direct Materal (DM) is 25% of Selling Price. The Supplier has incurred a 10% or $1.00 cost increase on the DM and He/She is asking for a comparable 10% increase in Price. What should you counteroffer for increase in Price be? Oa. No more than 10% Ob. No more than 5% Oc. No more than 2.5% Od. No more than 25% Oe. No more than 33.3% QUESTION 44 Gourmet Pretzels bakes soft pretzels on an assembly line. It currently bakes 800 pretzels each eight-hour shift. If the production is increased to 1,200 pretzels each shift, then productivity will have increased by: 50 percent O 33 percent 25 percent 67 percent 100 percent QUESTION 45 Productivity is expressed as; O Output plus input O Output minus input O Output times input Output divided by input O Input divided by output QUESTION 46 A key goal of business organizations is to achieve an economic matching of; O Quality and quantity Marketing and finance Supply and demand O Risk and sustainability O Rewards and Success QUESTION 47 Oa. Planning gaps Ob. Planning horizons Oc. Forecasts Od. Fulfilment plans are key inputs used to answer the questions of how much capacity is needed and and when it is needed, especially beyond order lead times. e. Strategy formulations