Explanation:
Price discrimination is a strategy used by companies, which is characterized by the price variation of the same product so that there is an increase in profits, that is, companies sell their products at the highest price the consumer is willing to pay.
There are <u>three degrees</u> of price differentiation:
- first degree: perfect discrimination - This practice occurs when the producer raises the price of the product to the maximum that the consumer is willing to pay, which generates increased revenue and profitability.
- Second degree: discrimination by quantity - The price per unit varies based on the quantity purchased. Take 3 and pay 2 promotions is an example of this practice.
- Third grade: discrimination by type of consumer - In this practice the producer differentiates the type of price according to the consumer's profile. Techniques are used to find out which consumer is willing to pay more and which is willing to pay less.
<u> It is the example of the question described in the statement.</u>
There are added benefits to the price discrimination strategy, for the company is an opportunity to maximize profits when it can maximize the price of the product, for the consumer is an opportunity to buy a product at a lower price.
Disadvantages of this strategy include the monopoly power exercised by companies in setting higher prices for certain consumers than for others.
Answer:
the Sea Company's 2019 ending inventory using dollar-value LIFO is $95,000
Explanation:
The computation of the Sea Company's 2019 ending inventory using dollar-value LIFO is sown below:
= Ending inventory for 2019 ÷ change in prices
= $103,550 ÷ 1.09
= $95,000
hence, the Sea Company's 2019 ending inventory using dollar-value LIFO is $95,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The 1.09 come from
= $109 ÷100
The budget item spent on clothing is considered to have a budget variance.
<h3>What is budget variance?</h3>
A budget variance is the difference between the budgeted expense or revenue, and the actual amount.
The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Hence, the budget item is considered to have a budget variance.
Learn more about budget variance here : brainly.com/question/13287252
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If the threaded heating element in a percolator is not very tightly mounted a leak may develop. For percolators, all mating surfaces must be tightly screwed together in order to prevent leaking. A build up of hard water deposits, dried milk and other such substances around the gasket may also result in leaking.
Laws relevant to most marketers include aimed at promoting fair competition and at D. Protecting consumers. There are laws in place for what is allowed and not allowed when marketing to a society. There are laws to make sure that the economy is running as they would expect and allow the amount of competition they want, legality of products that consumers are buying and a fair chacne for different brands to succeed. There has to be laws that promote fair competition and protecting consumer laws or there would be no security and trust in our system.
