Pre planning to sell a used 1988 automobile and want to establish an asking price that is competitive with that of other cars of the same make and model that are on the market. a review of newspaper advertisements for used cars yields the following data for 12 different cars of this make

and model.

Explanation:

Of course to determine the asking price for the used 1988 automobile, comparism would be made with other cars of the same make and model that are on the market.

This may involve the use of some statistical tools such as regression analysis, which involves examining which factor matters the most in establishing a price, or how these factors influence each other.

a

explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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