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spayn [35]
3 years ago
15

. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify?

Business
1 answer:
gayaneshka [121]3 years ago
8 0

Answer:

Q1.

Requirements for the successful price discrimination

The following conditions must be met for price discrimination to be successful:

1.Firms must be able to control supply. I.e, there should be regulation on supply of products to avoid surplus which will force the price down

2.Firms must prevent resale of products from one buyer to another.

3.There must be a difference in price elasticities in the different markets for the product.

Yes, Dry Cleaning qualifies for price discrimination because it may be on first come first serve bases. Meanwhile, when the client needs the service urgently, the price for same service may increase which results in price discrimination.

Q2.

Other examples of price discrimination

Example of price discrimination are

1. The cost of movie tickets in a cinema: Prices at one theater are different for children, adults, and seniors. Also, the price may also vary due to preferential treatment given to VIP to watch same movie with other. Some cinema houses also give less privilege people or people with special needs such as albinos lesser prices. The prices of each ticket can also vary based on the day and chosen show time. Ticket prices also vary depending on the portion of the country as well.

2. Industries use price discrimination as a way to increase revenue. It is possible for some industries to offer retailers different prices based solely on the volume of products purchased. Price discrimination can also be based on age, location, desire for the product, and customer wage.

3.Airline travel and time of departure: Airlines charge different prices depending on the season, time of the flight and day of the week. During the peak holiday season, the prices will be higher because demand is greater and more inelastic. Airplanes also offer numerous ways to charge different prices for privileges like choosing a seat early or priority check-in. These perks are a way of extracting higher prices from those who want to pay for extras.

4.Quantity Purchased: Many sellers offer quantity discounts for bulk purchases as a way to get buyers to buy more.

Q3.

It is best left to the market to determine the price because some businesses are seasonal (i.e they are best sold based on season to season) example of such is packaging drinking water during raining season human water consumption is less because the environment is highly humid and people tends to consume lesser water. However, during dry season the sales peaked since there is much need to hydrate the system for healthy functioning of the body. So, if such business is to be regulated, the manufacturer may run at loss.

Women Pays more due to gender pricing because women clothes and hair generally take more time to work with.

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Rudiy27

Answer:

Number 4 is correct. <u>Mass customization.</u>

Explanation:

In this question, the most appropriate alternative is mass customization.

It can be defined as a process where companies produce goods and services for an expanded market, but that such products are modified and personalized to meet the needs and desires of a potential customer.

Mass customization allows the company to produce customized products with the advantage of productive flexibility and low unit costs that come from the mass manufacturing process.

This is a marketing strategy that is used to generate value for the consumer, since the company is able to offer a product with greater added benefits and at the same time maintain low manufacturing costs, which creates value and increases consumer satisfaction.

6 0
3 years ago
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Starling Inc. is a public stock company that provides natural gas for businesses. Although this company generates a large profit
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Answer:

Have defined value creation too narrowly in terms of financial performance thereby contributing to black swan events ( B )

Explanation:

Black swan events are events that come as a surprise to a company or individual with great / devastating effects and these events are usually due to inappropriate foresight to the problem.

A company that generates huge profits is not supposed to reduce the maintenance budget because ill maintained equipment will not result to efficient production and huge profits. the leaking of their pipelines and the significant environmental problem is an example of the Black swan event due to the trimming of maintenance budget by the Management.

6 0
3 years ago
SuperGroup has expressed the intention to begin selling in other countries, including China, while still protecting its Superdry
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Answer:

Marketing and sales segment.

Explanation:

  • A values chain consists of actions that a firm functioning in a public industry that performs in order to deliver a valuable product to the market.
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While doing an online search for a music venue, Darcy ran across a performance of Lady Gaga that featured her hair neatly wrappe
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According to the given question, the marketers basically categorized into the advertising form as the product placement.  

Therefore, Option (C) is correct.  

 

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3 years ago
While Sally is still a minor, she wrecks the car she purchased from Bally. Can she still disaffirm the contract? Must she return
patriot [66]

Answer:

If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.

In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.

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