Which of the following kinds of price discrimination occurs when each customer is charged one price for the first set of units purchased and a lower price for subsequent units purchased?

a. Perfect price discrimination
b. Third-degree price discrimination
c. This is not an example of price discrimination
d. Second-degree price discrimination

Answers

Answer 1

Answer:

D

Explanation:

Price discrimination is when the same product is sold at different prices to customers in different markets

types of price discrimination

1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.

2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.  

3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students  


Related Questions

Leaders are likely to encourage creativity in their organizations by delegating authority and empowering followers to take risks. Group of answer choices

Answers

Answer: False

Explanation:

When Leaders delegate more authority to their subordinates, it builds a feeling of trust and appreciation and well as responsibility in the employees. This will lead to them wanting to prove their mantle.

Most often, they will try to come up with new ways of doing this to show appreciation for the opportunities. Also, if employees have to be the ones taking risks and making decisions instead of relying on the leader, they will be forced to come up with new ways of doing things to get the job done without leadership input.

Your digital footprint includes information that others post about you online.

Answers

Answer:

is this true or false?

Explanation:

if it is, then true. if your name were to be searched it would pull up other stuff people online have mentioned about you.

Answer: the answer is false

Explanation:

i Got true wrong

Natalie is a senior executive of a department store chain. Every week, she visits one of the stores and pretends to be a customer. She records her observations on the service provided by the store's sales associates and the manner in which her queries were handled. Sales associates who meet the service standards are awarded a small bonus. Therefore, Natalie is a(n) _____.

Answers

Answer: mystery shopper

Explanation:

From the question, we are informed that Natalie is a senior executive of a department store chain and that every week, she visits one of the stores and pretends to be a customer as she records her observations on the service provided by the store's sales associates and the manner in which her queries were handled.

We are further told that sales associates who meet the service standards are awarded a small bonus. This shows that Natalie is a mystery shopper. Mystery shoppers simply evaluate product quality, store presentation, cleanliness etc during their shopping experience.

What is the main purpose of a market?
To provide a method to raise government taxes
To allow for the exchange of products
To provide a place for buyers to spend time
To provide jobs for sellers


Can someone answer this for me pleaseeee

Answers

The answer is to allow for the exchange of products

Answer:

let me doo it....

Explanation:

If you were to ask this question to 100 different business people, you would get a myriad of different answers. Some people would tell you that the purpose of marketing is to get your name out in the marketplace, and others will tell you marketing builds your brand name. A common response is that marketing assists in generating leads that are then passed over to the sales team and the others will say marketing generates sales. Then there are people that will say that marketing builds brand awareness.

 

The truth is that all of these answers are correct. They are results of what occurs when your marketing and advertising efforts are working.

 

The purpose of marketing however, cannot be answered simply. In this post, I break down three main objectives that successful marketing strategy should always aim to achieve. 

Objective #1: Capture attention

Capture the attention of your target market/prospects. This seems simple enough to do, however, it requires strategic planning and implementation to do so. Most of the time, I see people doing this incorrectly. We ensure that you’re doing this the right way.  

Objective #2: Educate prospects

Guide you prospects with educational information to help them make the best possible purchasing decision. Provide them with information to facilitate their buying decisions for your product or services.

 

People are searching for a solution that your provide. It’s important that you’re providing them with the information they’re looking for during their purchasing decision, or the “Buyer’s Journey” which is why you need to guide them through this process. You need to prove that you’re the expert at what you do, and if you’re not providing them with the right information, they’ll turn to your competition, as they are answering their burning questions. People trust brands that offer support, and provide them with relevant and educational content. Position yourself as the expert in your space and provide as much knowledge as you can that’s relevant to what you’re selling.

Objective #3: Convert

Give your customers a specific, low-risk, easy-to-take action that further facilitates their ability to make a good decision. Lower the risk of taking the next step in the buying process so you can further educate them.

 

You can’t cram everything that a person needs to know into one ad. You have to find a way to give them more information when and where they need it most. You need to provide reports, ebooks, case studies, blogs, and other marketing materials so that you’re reaching them the way they want to be reached.

well now its done!!!

The capital budgeting decision process can be described as how a firm's day-to-day financial matters should be managed. how a firm should finance its assets. which productive assets a firm should purchase. all of the above.

Answers

Answer:

The correct answer is the third option: which productive assets a firm should purchase.  

Explanation:

To begin with, the name of "Capital Budgeting Decision Process" refers to a series of analyses techniques that will help the responsible to decide which options are the best to take when it comes to decision making process. Therefore that with this method the information recollected is used in order to determine which project will be best to take on. And it does by analyzing the financial data of the company and its environment, so that is why that is quite good comparing to other process of decision making in the same circumstances.

According to the laws, rules, and policies of TREC, licensees must give earnest money to their brokers A) after commingling the money. B) after the purchase agreement has been signed by both parties. C) within 24 hours of a negotiated contract. D) immediately.

Answers

Answer:

D) immediately.

Explanation:

The full form of TREC is Texas Real Estate Commission. It is the state agency of the Texas Government which governs the real estate practices in the Texas state.

The functions of the Texas Real Estate Commission or TREC are :

1. Renews Licenses

2. It enforces the laws and regulations regarding the Real Estate.

3. It issue the Real Estate Licenses.

Now according to the TREC laws, the licensee must immediately give the earnest money to the broker for the contract.

Matthew is a new divisional manager. In reorganizing his division, he must make some decisions regarding the span of control for management within his division. The question of span of control determines ________. where decisions are made the number of levels and managers an organization has how jobs will be grouped how employees will be compensated the employee grievance policy of the organization

Answers

Answer: the number of levels and managers an organization has

Explanation:

From the question, we are informed that Matthew is a new divisional manager and that I reorganizing his division, he must make some decisions regarding the span of control for management within his division.

In this case, the span of control determines the number of levels and managers an organization has. It simply shows the activity area and number of people, functions, or things that a organization or individual is responsible for.

Determine the gross income of the beneficiaries in the following cases:a.Justin’s employer was downsizing and offered employees an amount equal to one year’s salary if the employee would voluntarily retire.

Answers

Answer:

Justin's salary is not given here, but it doesn't matter. Any payments that Justin will receive as part of the compensation for voluntarily retiring will be included in his AGI. It doesn't matter if Justin is being paid for not working, he is still being paid by someone else and that counts as ordinary income.

The Act helped protect consumers from fraud and abuse in the sale or lease of land...? OPRHP Interstate Land Sales Full Disclosure Act Article 78 State Environmental Quality Review Act

Answers

Answer: Interstate Land Sales Full Disclosure Act

Explanation:

The Interstate Land Sales Full Disclosure Act of 1968 was put in place in order to protect the people who buy undeveloped property from fraud such as in scenarios whereby plots of land were not going to be developed and the developer wants to use a cunning way to collect money. The Act helped protect consumers from fraud and abuse in the sale or lease of land.

The rates of return on Cherry Jalopies, Inc., stock over the last five years were 22 percent, 11 percent, −4 percent, 6 percent, and 9 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 23 percent, −1 percent, 1 percent, and 17 percent. Calculate the variances and the standard deviations for Cherry and Straw

Answers

Answer:

Cherry Jalopies, Inc.:

mean = (0.22 + 0.11 - 0.04 + 0.06 + 0.09) / 5 = 0.52 / 5 = 0.104

variance = [(0.22 - 0.104)² + (0.11 - 0.104)² + (-0.04 - 0.104)² + (0.06 - 0.104)² + (0.09 - 0.104)²] / 5 = (0.013456 + 0.000036 + 0.020736 + 0.001936 + 0.000196) / 5 = 0.007272

standard deviation = √0.007272 = 0.085276 = 8.53%

Straw Construction Company:

mean = (0.16 + 0.23 - 0.01 + 0.01 + 0.17) / 5 = 0.56 / 5 = 0.112

variance = [(0.16 - 0.112)² + (0.23 - 0.112)² + (-0.01 - 0.112)² + (0.01 - 0.112)² + (0.17 - 0.112)²] / 5 = (0.002304 + 0.013924 + 0.014884 + 0.010404 + 0.003364) / 5 = 0.008976

standard deviation = √0.008976 = 0.09474 = 9.47%

The first contact or meeting by a licensee when some detail and information about the property is shared with parties who express some interest in the real estate transaction is known as...?

Answers

Answer:

The definition including its given subject is listed throughout the subsection here below explanatory.

Explanation:

First Substantive Communication or contact usually described the day before a customer conversation as those of the recommended range possible chance. This could also happen before an appointment agreement is terminated before a property is viewed, and sometimes at an upcoming event. Rather than, for illustration, entering listing cooperation in such an open house, before presenting a home, when the buyer demonstrates seriously.

Human services organizations typically fall under one of two financial structures: for-profit and nonprofit. For-profit organizations operate as businesses, and therefore, make money to run their organizations. Nonprofit organizations, on the other hand, are dependent on _____.

Answers

Answer:

D. Funds and Donations

Explanation:

Answer:

Answer is   C.) funds and donations

Explanation:

Non profit organizations have to receive donation's to keep a running business

A basketball coach is performing a cost/benefit analysis in order to determine if more hours of practice would help the team score more points. The coach's action is an example of

Answers

Answer:

Marginal thinking

Explanation:

Marginal thinking refers to the thinking of decision makers in which the one additional unit  is more than its cost

Since in the question it is mentioned that the coach of basketball performed cost / benefit in order to achieve more points by doing more hours of practice

Therefore the given situation, it is an example of marginal thinking

Harold works as head chef at the Italian Olive Restaurant in Macon, Georgia. When the management of the restaurant changed, Harold was asked to sign a non-compete agreement to keep his job. The non-compete agreement required Harold not to work as a chef for any other restaurant or open his own restaurant in the United States for the next 15 years if he decided to quit his job at the Italian Olive. A court would likely determine that this non-compete agreement:

Answers

Answer:

violates common law

Explanation:

A non compete is an agreement that restricts a previous employee from working for a competitor of his former company for a given period after disengagement.

This is a contract that aims to reduce to the rate at which company secrets are shared to competitors.

The rationale is that the employee's knowledge of the company's procedures will be obsolete after some years.

However non compete should not last for a very long time. Usually non compete of more than two to three years is not honoured by courts.

So in the given scenario where Harold the head chef at the Italian Olive Restaurant signed a non compete which restricts him from opening a restaurant for the next 15 years. The court will most likely not honour the non compete because the amount of time is not reasonable.

Due to its unique distribution system where 98% of replacement parts can be available to customers through its dealer network, Caterpillar has a _______ advantage over Komatsu, one of its main competitors.

Answers

Answer:

Sustainable competitive advantage

Explanation:

In an economy where firms compete to gain market share, the ability of a firm to leverage on a unique capability and successfully gain more market share from other firms is called competitive advantage.

This can be in terms of quality, price, ease of delivery, and so on.

A competitive advantage is said to be sustainable when it enables a company to be more successful than its competitors over a long period of time.

In this scenario unique distribution system where 98% of replacement parts can be available to customers through its dealer network of Caterpillar is a sustainable competitive advantage that makes it more successful than Komatsu over a long period

Green Company incurred $5,000 of accrued expenses during Year 1, but paid the cash associated with the payables in Year 2. Based on this information alone, under accrual accounting, the company would report a net loss of ______.

Answers

Answer:

net loss of $5,000 and cash outflow from operations of zero in Year 1

Explanation:

The accrual basis refers to the recording of the transactions when it is provided not when the cash is received

Since the accrued expenses is incurred for $5,000 in the year 1 but the cash is paid in the year 2

Based on the accrual accounting, the company would report a net loss for $5,000 and there is an outflow of cash that arise from the operations for the year 1

Therefore the same is to be considered

When an organization uses ______ as the primary criterion in selection, it often ends up not getting the best person for a particular job.

Answers

Answer:

Cultural fit

Explanation:

Cultural Fit  refers to the attitude, values, beliefs of an individual that linked with the core values and the organization culture

Based on the cultural fit, the chances of the selection is high also its not ended by receiving the best person for some specific job

Therefore in the given situation, it is a cultural fit scenario

Hugh has the choice between investing in a City of Heflin bond at 6 percent or investing in a Surething Inc. bond at 9 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, what interest rate does Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds

Answers

Answer: 10%

Explanation:

The City of Helfin bond is a municipal bond so it is tax exempt. The Surething bond is not however so the interest rate that would make Hugh indifferent is one that would equate the after tax return on the Surething bond to that of the City of Helfin.

6% = x ( 1 - Tax)

6% = x ( 1 - 0.4)

x = 6%/0.6

= 10%

Gugenheim, Inc., has a bond outstanding with a coupon rate of 5.7 percent and annual payments. The yield to maturity is 6.9 percent and the bond matures in 13 years. What is the market price if the bond has a par value of $2,000?

Answers

Answer:

Price of bond = $1,798.27

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).

Value of Bond = PV of interest + PV of RV  

The value of bond for Gugenheim, Inc.can be worked out as follows:  

Step 1  

PV of interest payments  

annul interest payment  

= 5.7% × 2000  = 138  

annual yield = 6.9%

Total period to maturity = 13 years

PV of interest payment = 114  × (1- 069^-13)/0.069=958.19

Step 2  

PV of Redemption Value  

= 2,000 × (1.069)^(-13) = 840.078

Price of bond  =958.196089  +  840.078 =1,798.27

Price of bond = $1,798.27

What is the difference between a job, a career, and a profession?​

Answers

Career and profession both are long-term endeavours of life. And a profession is an occupation for which a person should have good knowledge and expertise, to provide services to others.

Scarcity implies that A. a way of rationing supplies of goods must be found. B. there can never be surpluses for long periods of time. C. middlemen perform no useful function in society. D. there will always be shortages.

Answers

Answer:  A. a way of rationing supplies of goods must be found.

A firm's ________ describes how a firm will produce a superior return on invested capital. Question 9 options: A) market strategy B) competitive advantage C) value proposition D) revenue model

Answers

Answer:

D) revenue model

Explanation:

In business and finance, the revenue model refers to the way how a company plans to make profits, and the higher the profits, the better.

The revenue model of a company must include:

how the business will communicative and establish its value with its customers. Customers assign a value to the products and services that a business offers, and they will continue to purchase them as long as the value they perceive is larger than the price. how are company plans to price the value our customers assign to our products and services. If the customer value is higher than our price, customer surplus will result, but we will also be losing the opportunity to make money. Ideally, the price should equal the customer value.

Roland Purcell, a technical writer, has a gross monthly income of $2,400. His earnings to date for this year are $24,000. How much is deducted this month for Social Security? How much for Medicare? ​

Answers

Answer:

Deduction for Social Security = $0

Deduction for Medicare = $348

Explanation:

Given:

Annual income = $24,000

Find:

Deduction for Social Security

Deduction for Medicare

Computation:

Deduction for Social Security is 6.2 % over $84,900.

So,

Deduction for Social Security = $0

Deduction for Medicare is 1.45%

Deduction for Medicare = $24,000 × 1.45%

Deduction for Medicare = $348

Answer: social security tax is 1488

Explanation:

24000 X .062 = 1488

The social security tax must be taxed up to 97,500 not past so even though he didn't make 97,500 it still has to be taxed

"________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service."

Answers

Answer:

"Production" would be the correct response.

Explanation:

Outcome or production can also apply to manufactured products. For example, some companies call a group of goods that are making a production take place simultaneously. Both of those are synonymous meanings. Essentially exactly, sometimes it refers a method of processing, or the eventual outcome of a stages of production.

A bond issued by the state of Alabama is priced to yield 6.40%. If you are in the 30% tax bracket, this bond would provide you with an equivalent taxable yield of _________.

Answers

Answer:

9.14%

Explanation:

Tax exempt yield = 6.40% = 0.064

Marginal tax rate = 30% = 0.30

Equivalent taxable yield = Tax exempt yield / (1 - marginal tax rate)  

Equivalent taxable yield = 0.064 / (1 - 0.30)

Equivalent taxable yield = 0.064 / 0.70

Equivalent taxable yield = 0.0914286

Equivalent taxable yield = 9.14%

You are the head of sales training for a major financial services firm in New York City. You are conducting a sales training class for a group of new trainees. You are a strong believer in using a structured approach to personal selling. Based on this information, which of the following personal selling process steps are you going to tell the trainees to perform first?

a. Develop a database of potential customers.
b. Develop an engaging sales presentation.
c. Practice closing the sale.
d. Develop a prospect follow-up checklist.
e. Analyze information about potential customers' needs.

Answers

Answer:

a. Develop a database of potential customers.

Explanation:

Analyzing the scenario of the question above, it can be understood that, a sales training manager who believes in a structured approach to personal sales as the best option, the ideal would be to tell trainees to perform the stages of the personal sales process first. will tell trainees to first develop a database of potential customers.

Because the first step in the personal selling process is prospecting for customers, so a database of potential customers will be the most structured process for prospecting potential customers and then reach the other stages of the sales process in an organized and effective way.

_____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness. a. Capital goods b. Financial stocks cyclical companies do. Consumer staples e. Consumer durable goods

Answers

Capital goods tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness.

"A pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day. The minimum maintenance margin requirement is:"

Answers

Answer:

C. $50,000

Explanation:

These are options for the question;

maintenance margin requirement is:

A. 0

B. $25,000

C. $50,000

D. $100,000

From the question, we were told that a pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day.

There is a standard of minimum margin rule by FINRA for market value and this minimum margin is either the same or more than 25% , or more than a value of $25,000,

But we are given a high market value of $200,000 thenThen the minimum maintenance margin requirement is:"

$200,000 x 25%

= $200,000×(25/100)

= $50,000

Scot and Vidia, married taxpayers, earn $90,400 in taxable income and $5,000 in interest from an investment in City of Tampa bonds. (Use the U.S. tax rate schedule for married filing jointly). (Do not round intermediate calculations. Round your answer to 2 decimal places.)a. If Scot and Vidia earn an additional $81,000 of taxable income, what is their marginal tax rate on this income?b. How would your answer differ if they, instead, had $81,000 of additional deductions?

Answers

Answer:

a) Since Scot and Vidia's ordinary income = $90,400 + $81,000 = $171,400, their marginal tax rate will be 24%, and they will owe $29,211 + [($171,400 - $171,500) x 24%] = $29,295 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

b) Since Scot and Vidia's ordinary income = $90,400 - $81,000 = $9,400, their marginal tax rate will be 10%, and they will owe $9,400 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

Which of the following is the formula for break-even point in sales dollars? A : Fixed costs divided by contribution margin ratio. B : Fixed costs divided by unit contribution margin. C : Contribution margin ratio divided by fixed costs. D : Unit contribution margin divided by fixed costs.

Answers

Answer:

B. Fixed costs divided by unit contribution margin

Explanation:

In sales dollars, Break-Even point = Fixed Costs ÷ Contribution Margin.

Break-Even point in (units) = Fixed Costs / (Sales price per unit - Variable costs per unit).

The Break even point is a measure of which a company can determine if when the product its manufactured or produced will start to be profitable.

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