Answer:
1st & 3rd are False, 2nd is True .
Explanation:
Price Discrimination is pricing strategy - involving firms charging different prices from different customers, for same goods & services.
If demand curves of different markets (customer groups) are different it is profitable for firms to do price discrimination - i.e selling at different prices, rather than single price. This enables firm charging maximum of their paying capacity from each customer group. Hence 1st statement is False
Markets having customers with more elastic (more price sensitive) demand should be charged lower prices. Markets having customers with less elastic (less price sensitive) demand should be charged higher prices. So, 2nd statement is True.
Arbitrage is ability of buying goods from low priced markets, selling them in high priced markets. In presence of arbitrage, it is difficult for firms to discriminate. So, 3rd statement is False.
Answer:
5,000
Explanation:
Variable cost per unit = $250
Sales price would be set at twice the VC/unit
Therefore, Sales price = 2 × $250
= $500
Fixed costs = $750,000
If operating income of $500,000 or more is expected
Let the sales volume be y, then
500y - 750,000 - 250y = 500,00
250y = 750,000 + 500,000
250y = 1,250,000
y = 1,250,000/250
y = 5,000
Minimum sales volume to have an operating income of $500,000 or more is 5,000.
Answer:
access to end consumers
Explanation:
Handling the supply chain relates to handling the day-to-day operations related to the product and services.
The goal is to turn the raw material into the finished products by going through the process work cycle so that the product is ready to be sold and shipped to the consumer with prescribed time and exact location.
In turn, it also focuses on achieving a competitive advantage and improving client satisfaction.
At the beginning of the supply chain, they less focus to the end consumers.
Mattel, Inc. selects suppliers and obtains raw materials to make toys. The company is engaged in which function of marketing? Buying.
Mattel, Inc is in the buying process of marketing because they are finding suppliers to buy materials from for their products. Companies use other companies' products to finalize their product or service. They rely on other people to manufacture items for them they can use to produce and sell their item.
Answer:
they have 25 quarters and 19 nickels
Explanation:
let N = number of nickels
let Q = number of quarters
5N + 25Q = 720
N + Q = 44
N = 44 - Q (now we must replace)
5(44 - Q) + 25Q = 720
220 - 5Q + 25Q = 720
20Q = 720 - 220 = 500
Q = 500 / 20 = 25
N = 44 - 25 = 19
