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vlada-n [284]
3 years ago
12

Sautéed, a restaurant in california, specializes in sautéed food. the restaurant holds a highly popular bash, featuring well-kno

wn djs, on the last saturday night of every month. the restaurant offers event-passes to frequent customers (who must have been billed at least $3,000 during the current month) for free. a limited number of passes are available to other customers at a high price one day prior to the event. which principle of influence is the restaurant using?
Business
1 answer:
Inga [223]3 years ago
6 0

Six key principles of influence according to Dr. Robert Cialdini are<span> 1) reciprocity 2) commitment and consistency 3) social proof 4) authority 5) liking and 6) scarcity.  He proposed a seventh principle he called </span>unity principle “the more we identify ourselves with others, the more we are influenced by these others.”

Of the above-mentioned principles, Sauteed uses the no. 1 – reciprocity. <span>Reciprocity is returning a favor or g</span>iving back to others the form of a behavior, gift, or service that they have received first. In our example, Sauteed restaurant offers event passes to frequent customers (billed $3,000 during the current month). Sauteed believe that in doing so, there will be surprising difference to their business– like clients may recommend them or visit their place more often or more tips.

<span> </span>

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3 years ago
In March 2012, Yoshiro Inc.. decided to retire an outstanding bond issue before maturity. The coupon rate on the bond issue was
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Finally the Net income will reduce as well to reflect the loss on bond retirement. The bonds were issued at a discount owing to interest rates being higher than the coupon rate in 2011 but on the day the bonds were retired they were selling at a premium with interest rates at 4%. The company paid more than they received and this loss will reduce the net income.

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2 years ago
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Reserves

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7 0
3 years ago
If an organization is committed to ethical business conduct that commitment should remain constant
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Naked Title

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