Answer:
Credit unions offer some of the best rates on credit products such as car loans, mortgages and credit cards. They provide fee-free checking accounts and savings accounts, too, without requiring a substantial minimum balance. That can be a huge relief when your funds dip into the single digits.
Answer:
Total cost (TC) = Total variable cost (TVC) + Total fixed cost (TFC)
Therefore,
Total fixed cost = Total cost - Total variable cost
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Answer:
Willingness to pay
Revenue
Two
Elastic
Inelastic
Explanation:
Price discrimination is when a producer or a seller charges different prices for the same product usually in different markets.
In price discrimination, a seller attempts to remove or reduce consumer surplus by charging the consumer at his willingness to pay. For price discrimination to be effective, a seller must be able to estimate the willingness to pay of consumers.
Price discrimination is successful when a seller earns higher profits when she discriminates compared to when she didn't price discriminate.
Price discrimination exists in the airline industry. One of the ways price discrimination exists in the airline industry is through charging to check bags. Customers ( people who board airplanes) are distributed into two groups- those who won't pay to check bags and those who would pay to check bags.
It is assumed that those who would pay to check their bags have a price inelastic demand because they are indifferent to paying an extra amount for their luggage.
Inelastic demand is defined as when a small change in price has no effect on quantity demanded.
While it is assumed that those who won't pay to check their bags have an elastic demand because they are unwilling to pay extra to check their luggages.
Elastic demand is when a change in price has effect on quantity demanded.
Answer:
b. marketing concept era.
This era existed from 60's to 90's. And was called the 'baby boomer era'. This era was focused on satisfy the client and producing goods and services.
And in order to satisfy this they use strategies of marketing in order to attract the customers.
Explanation:
a. production era.
False. This era was from 1860-1920 since this era occurs during the Industrial revolution and not at the beginning of the second world war.
b. marketing concept era.
Correct. This era existed from 60's to 90's. And was called the 'baby boomer era'. This era was focused on satisfy the client and producing goods and services.
And in order to satisfy this they use strategies of marketing in order to attract the customers.
c. customer relationship era.
False. This era was from 1990-2010 and was focused in create long-term relationships. So then is not the correct option if we analyze the historical time.
d. selling era.
This era was from 1920 and 1940 and not correspond to the begin of the second world war so this one is not the correct option.
