Answer: Analytics
Explanation:
The online retailer is applying analytics to evaluate buyers preferences and habits: this information gotten influences the decisions made by the retailer.
Analytics in decision making process occurs when a manager in an organization carefully analyses systematic statistical data to make decisions in the organization.
The use of analytics in decision making helps reduce errors and enables the manager make accurate decisions.
Answer:
(B) Accept the low price happily
Explanation:
As the customer was willing to pay up to 60 dollars for the item, the offer of 50 dollars will be acceptable as it is creating a consumer surplus of 10 dollars.
The customer will look for his own benefit and to his judgement, the deal is good as it saves 10 dollars.
The amount earn by the seller is irrelevant.
Addition to Retained Earnings will be the amount will be Net Income as calculated using the above information:
Net income will be calculated as below:
Sales...........................................................$680000
Less: Cost of Sales.................................$342000
Less: Depreciation..................................$86000
Less: Interest Expense.........................$53000
Earnings Before Tax...............................$199000
Less [email protected] 23%.........................................$45770
Net Income..............................................$153230
Thus Income of $153230 will be added to Retained earnings and Cash dividend of $40000 will be reduced from therein.
Answer:
Available only for monopolies
Explanation:
In simple words, price discrimination in America is illegal only when it impedes competition in market or is done on the basis of race, religion etc. America is a capital intensive market which makes it a free market as well, in such a market framework, the market forces affect the prices and competition always remains high.
Therefore, monopolies are the only firms that can perform price discrimination to some extent.
Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
We assume that
X = No. of children
Y = Standard type
Z = Executive type
So,
5x + 4y + 7z = 185.........(1)
3x + 2y + 5z = 115.........(2)
2x + 2y + 4z = 94
x + y + 2z = 47.........(3)
Equation (2) multiply by 2
6x + 4y + 10z = 230
From equation (1) to (2)
5x + 4y + 7z = 185
6x + 4y + 10z = 230
-x + 0 - 3z = -45
x + 3z = 45.......(4)
Equation (3) multiply by 4
4x + 4y + 8z = 188
From equation (1) to (3)
5x + 4y + 7z = 185
4x + 4y + 8z = 188
x + 0 - z = -3
- x + z = 3……(5)
From equation (5) to (4)
x + 3z = 45
-x + z = 3
4z = 48
Executive type = Z = 48 ÷ 4 = 12
Z = 12 in equation (5)
-x + 12 = 3
x = 9 (children type)
x=9, z=12 in equation 1
5x + 4y + 7z = 185
5 × 9 + 4 × y + 7 × 12=185
45 + 4 × y + 84 = 185
4y = 56 ÷ 4
Y= 14(Standard type)