Question 55 (10 points) Discuss one of the elements that must be in place for a firm to achieve profitable price discrimination. Provide an example.

Answers

Answer 1

One of the key elements that must be in place for a firm to achieve profitable price discrimination is market segmentation.

Market segmentation involves dividing customers into distinct groups based on their characteristics, preferences, or purchasing behavior. By identifying and understanding these segments, a firm can tailor its pricing strategies to maximize profits.

An example of market segmentation and profitable price discrimination can be seen in the airline industry. Airlines often differentiate their prices based on various factors such as travel class, time of booking, flexibility, and destination. They recognize that different customer segments have different willingness to pay for air travel based on their needs and preferences.

For nce, business travelers who require flexibility and convenience are willing to pay higher prices for last-minute bookings or premium services. On the other hand, leisure travelers who plan in advance and are more price-sensitive may opt for lower-priced economy class tickets. By offering different fare s to different customer segments, airlines can extract higher revenues from those willing to pay more while still attracting price-sensitive customers.

Market segmentation allows airlines to effectively implement price discrimination by offering differentiated prices to different customer groups based on their perceived value. This strategy enables the firm to capture a larger share of consumer surplus and optimize revenue generation.

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Related Questions

a public relations professional is spreading the word that an upcoming sporting event will be seen by millions of fans. this will provide many advertising opportunities in the stadium and through the athletes gear.which audience is this hype most aimed toward?
A. potential athletes
B. fans
C. broadcasters
D. sponsors

Answers

A broadcast presenter is the face or voice of programs broadcast thru television, radio and the internet. You will work on a variety of systems inclusive of national, nearby, satellite and cable television, local and countrywide radio and online.

The answer is option A.

Many broadcasters and DJs work in radio and television studios or are self-hired. a few work component-time, and schedules may include early mornings, nights, weekends, and holidays.

Broadcasters - abilities, and skills

talk definitely so listeners can apprehend.read and apprehend paintings-related substances.recognize spoken records.concentrate to others and ask questions.apprehend written statistics.Write simply so other people can apprehend.

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the marginal rate of substitution is ______________.

Answers

Answer:

the amount of goods a consumer is willing to buy compared to another good

can regional level employment be converted into national level
employment? Why? Why not ?​

Answers

Answer:

The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.

Explanation:

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PLS HELPPP!!! FASTTT!!! A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option C will give the firm $30 million at the end of one year, and nothing thereafter. Which of these options has the highest present value?

a. Option A
b. Option B
c. Option C
d. The answer depends on the rate of interest, which is not specified here.

Answers

Answer:

i would say d

Explanation:

Which of the following is an appropriate front and point size selection for a business letter

Answers

Answer:

Times New Roman also remains the default font for many word processing programs. When using Times New Roman in a business letter, set the size as 12-point in order for the document to be read most easily.

Also

If you can't decide between sizes, a 12-point font is usually the reliable choice because it's incredibly common in the business world.

Explanation:

Antitrust laws were created to give government the power to​

Answers

Answer:

To protect consumers from predatory business practices and ensure fair competition.

Explanation:

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There is so much advertising in monopolistic competition and oligopoly because multiple choice 1 brand distinction encourages consumer loyalty, which increases profits. there is product homogeneity in these industries. there are significant substitution possibilities in these industries. price changes are not allowed.

Answers

Answer:

brand distinction encourages consumer loyalty, which increases profits.

Explanation:

(Figure: Monetary Policy) Refer to the figure. Assume that the economy is initially at point Y in the graph. If the Fed takes the appropriate action with monetary policy, but overestimates how serious the recession is, then:
the Fed would overshoot and the economy would move to point W.

Answers

The recession is the Fed would overshoot, and the economy would move to point W.

Monetary policy is the macroeconomic coverage laid down with the aid of using the imperative bank. It includes control of cash deliver and hobby price and is the call for aspect financial coverage utilized by the authorities of a rustic to gain macroeconomic targets like inflation, consumption, boom and liquidity.

Central banks have 4 principal economic coverage equipment: the reserve requirement, open marketplace operations, the bargain price, and hobby on reserves. 1 Most imperative bank additionally have loads extra equipment at their disposal.

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Which type of payroll deduction is voluntary

Answers

Answer: The money taken out of an employee's paycheck for purposes other than retirement, taxes, or government programs is a voluntary payroll deduction.

Explanation:

Voluntary payroll deductions are either post-tax or pre-tax.

Pre-tax deductions: deducted from an employee's paycheck before taxes are calculated. This means that the employee pays less in taxes because the amount of their taxable income is reduced. After taxes are calculated, post-tax voluntary payroll deductions are deducted from an employee's paycheck.

The advantages of pre-tax voluntary paycheck deductions are that they lower an employee's taxable income and save the employee money on taxes.

Post-tax voluntary payroll deductions do not lower an employee's taxable income. Voluntary payroll deductions can be a great way to save money on taxes and reduce a person's taxable income.

Explain the technique of making bamboo based handicrafts with an example.​

Answers

Answer:

Bamboo can be processed into thin strips or sheet materials for bamboo plaiting , commonly known as bamboo strips. The processing procedures of bamboo strips include selecting materials , sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering.

Explanation:

Example: •Bamboo furniture

•Bamboo toys

•Bamboo wind chimes

•Bamboo lamps and lanterns

•Bamboo placements and coasters

The technique bamboos are processed into thin strips or sheet materials for bamboo plaiting, known as bamboo strips and the processing procedures of bamboo strips include selecting materials, sawing bamboo, pruning, scraping, dividing, splitting, setting the width, thinning and chamfering. For example, bamboo furniture.

What is the process of making bamboo handicrafts?

The process of making bamboo handicrafts is given below. First, the bamboo is completely dried before use. The bamboo is segregated in the beginning according to the products that are going to be made. They are cut to the required sizes with the help of a bamboo sawing machine. The cut bamboo sticks are arranged for the products that have to be made.

The products are always made depending on the client’s orders. For example, to make a stool, bamboo is cut respectively into four sets to make the legs and eight sets of smaller lengths to connect the legs horizontally to get a firm hold of the four legs of the stool. A stool is something similar to that a chair but doesn’t hold a backrest.

A stool is a seat for a single person without any backrest.

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what are loans to a company or government for a set amount of.time. they earn interest and are considered low-risk investments.
a) mutual funds
b) bonds
c) stocks
d) derivatives

Answers

Answer:

b) bonds

Explanation:

Bonds are investment assets. Investors lend money to the government and corporates over a fixed period. In return, the company or the government pays a fixed amount of interest periodically until the agreed fixed period is over( maturity date). At maturity, the investor receives back the full amount he had loaned out (the principal amount).

Bonds are considered a low-risk investment option. Governments hardly default on their bond obligations. Companies that issue bonds to the public regulated and are less likely to default on payments.

You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax withholding (10.75%), and state tax withholding (7.5%). What am I making?

Answers

Answer:i have no answer but you are making more income

Explanation:

cause

Answer:

These are the answers

Explanation:

Money functions as a medium of exchange by eliminating the need for a coincidence of wants.
a. true
b. false

Answers

It is true that money functions as a medium of exchange by eliminating the need for a coincidence of wants.

What is mean by money?Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium for expressing values and pricing. It is the primary indicator of wealth since it moves from person to person and country to country, allowing trade.Capital goods are used in market economies because they increase productivity. By removing the necessity for a coincidence of wants, money serves as a medium of exchange. Consumer sovereignty refers to the fact that laws now safeguard consumer's freedom to spend their income anyway they see fit.

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what is the relationship between beginning cash balance and ending cash balance for the current year

Answers

Answer:

While the cash flow statement shows cash coming in and going out, the balance sheet shows the assets and liabilities that result, in part, from the activities on the cash flow statement.

Explanation:

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From the statements below, identify the way or ways in which making only minimum monthly payments on a long-term credit purchase can be a disadvantage. I. It is illegal to make only the minimum payments for more than one year. II. Repeatedly making minimum payments harms your credit score. III. The total cost is higher if the length of the debt is longer. A. I and II b. II only c. I and III d. II and III Please select the best answer from the choices provided A B C D.

Answers

If an interest-free period lasts between 12 and 14 months or longer, it is considered long-term. This is useful if you are making a major purchase and need extra time to pay it off without incurring interest.

what is the EMI process?

In the case of an EMI-based purchase or loan, the more you pay, the more times you pay.

If we make more payments or installments during the EMI process, we must pay more interest, which is a significant disadvantage of an EMI-based loan.

Similarly, if we consistently make minimal payments, our credit score would suffer as a result.

As a result, Option "D" is the correct answer.

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The long-term period is considered when an interest-free duration stays between 1 year and 14 months or more prolonged. This is useful if a person is making a major purchase through the EMI process.

What is the EMI process?

The EMI stated the equated monthly installments. It is a fixed payment created by a recipient to an investor on a stipulated date of every month.

This process is mainly used to require extra time to pay the full payment in installments without investment interest.

If the purchase is made through an EMI process, the borrower must pay overmuch interest, which is a considerable burden or disadvantage of a loan that is based on EMI.

Likewise, if a borrower always makes the tiniest payments, as a result, his credit score would suffer.

Therefore, option D is correct.

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jamie works at iris dreams as a senior sales executive and manages the company's relationships with large department stores located throughout the country. despite her lack of product specialization in any of the company's product lines, she is hired for this position because of her knowledge of the department store industry. the company most likely has a/an structure. jamie works at iris dreams as a senior sales executive and manages the company's relationships with large department stores located throughout the country. despite her lack of product specialization in any of the company's product lines, she is hired for this position because of her knowledge of the department store industry. the company most likely has a/an structure. geographic pricing product orientation territorial sales force market sales force omnichannel marketing

Answers

The company most likely has a market sales force structure.

In the given scenario, Jamie's role as a senior sales executive at Iris Dreams involves managing the company's relationships with large department stores across the country. Although she lacks product specialization, she is hired for her knowledge of the department store industry. This indicates that the company utilizes a market sales force structure.

A market sales force structure focuses on specific market segments or customer groups rather than product lines. The emphasis is on building and managing relationships with customers within a particular market. In this case, Iris Dreams assigns Jamie to handle the department store industry, indicating that the company structures its sales force based on market segments.

This structure allows for specialized knowledge and expertise in understanding the needs, preferences, and dynamics of specific market segments. Jamie's understanding of the department store industry becomes valuable in managing relationships with these large retailers, even without in-depth knowledge of specific product lines.

Based on the information provided, it can be inferred that Iris Dreams has a market sales force structure, which aligns Jamie's role with managing the company's relationships in the department store industry rather than focusing on specific product lines. This structure enables the company to effectively cater to the needs of different market segments and leverage industry-specific knowledge for successful sales and relationship management

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what is carrot and stick metaphor

Answers

Answer:

The carrot and stick metaphor is referring to punishment, and reward to force participation. You are rewarded for some actions and punished for others.

Explanation:

How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined

Answers

Answer: Capitalized and bold

Answer:

B. capitalized and bold

Explanation:

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Got it correct on Edge.

Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?

Answers

Answer: Too see if anyone is stealing or charging extra fees

Explanation:

Which statement best identifies the conflict in this excerpt?

Tessie Hutchinson is in conflict with society.
Bill Hutchinson is in conflict with his feelings.
Mrs. Delacroix is in conflict with Tessie.
Mr. Summers is in conflict with society.

Answers

Tessie Hutchinson is in conflict with society.

Answer:

B

Explanation:

what should the west be doing to keep healthy economies? what are their options?

Answers

Answer:

The west should pursue policies that encourage economic growth and stability. Their options include:

1. Pursuing sound monetary policies that promote economic growth and stability.

2. Adopting pro-growth fiscal policies that help to increase government revenue and reduce government spending.

3. Promoting free trade and investment that allow for the efficient allocation of resources and the maximization of economic growth.

4. Pursuing policies that increase the flexibility of their economies and allow for a quick response to changing economic conditions.

5. Encouraging entrepreneurship and innovation that lead to new products and services and create jobs and economic growth.

two importance of seasonal vegetable cultivation grade 7

Answers

Q. Two importance of seasonal vegetable cultivation?

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$ \longrightarrow $ In-season produce is fresher and tastes better, sweeter and perfectly ripe. When fruits and vegetables are picked for consumption that have been naturally ripened on the vine or the tree and harvested at the right time, it will have much more flavor and nutrition.

Identity theft may
1. lower credit interest
2. reduce credit balances
3. affect the credit score
4. cancel debt-to-credit ratio

Answers

Identity theft may affect the credit score.

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If a business decides to act outside of the prevailing ethical norms of that community.

Answers

The area of ethics that Ingrid's opinions reflect is normative ethics. if a business chooses to conduct itself unethically in the view of the public.

What is Normative ethics?

A subfield of moral philosophy called normative ethics seeks to define what is morally right and wrong. It comprises the formulation of moral principles that directly affect how individuals ought to behave in private, public, and institutional contexts. It is sometimes compared with theoretical ethics, or the foundational level, which concentrates on the structure rather than the substance of ethical theories and moral judgements, and with applied ethics, or the application of ethical theory to real-world circumstances.

Questions of moral action are examined by the normative ethics subfield of philosophical ethics. It is the research of moral behavior.

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Describe one accountability issue of a business​

Answers

Answer:

Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.

Why might a person assume the Mr. White could be doing well financially

Answers

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Mr. White was the third and final owner of the talisman in W. W. Jacobs' short story "The Monkey's Paw." He plucked it from the fireplace when the previous owner, Sergeant Major Morris, tossed it there to burn and end the chain of misfortune that came with it. He is motivated mostly by curiosity, since he seems happy with his life and is financially secure.

Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said slowly. "It seems to me I've got all I want."

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write in brief about the programs of Nepalese University​

Answers

The Nepalese universities offer a wide range of programs including science, technology, engineering, arts, humanities, business, and law. The curriculum is designed to provide students with practical skills and theoretical knowledge to prepare them for their future careers.

What are academic programs?

An academic program is a collection of courses and related activities designed to meet the University's established learning goals. Academic components include units, departments, schools, colleges, and centers, as well as any other aspect of an academic program.

To make a program greater than the sum of its parts, you must have the support of a devoted faculty as well as a community of motivated students.

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Which of the following is NOT one of the credit reporting agencies?

Answers

Answer:

we need the opitions lol

Explanation:

3.1.5. Discuss the characteristics of a mixed Economy.​

Answers

Answer:

A mixed economy has three of the following characteristics of a market economy. First, it protects private property. Second, it allows the free market and the laws of supply and demand to determine prices. Third, it is driven by the motivation of the self-interest of individuals

Explanation:

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Select the correct answer.
Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000), Building ($15,000), Land ($50,000), Equity ($50,000), and Loan payable ($10,000). An accountant prepares a Trial Balance, and it does not tally due to an unknown error. Which amount would the accountant record in a suspense account?
A.$12,000
B.$11,000
C.$13,000
D.$9,000
E.$10,500

Answers

Answer:

I went with c

Explanation:

Answer:

B. $11000 | Equipment

Explanation:

Equipment + Cash

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