Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) <u>bundle </u>pricing strategy.
What is bundle pricing ?
A pricing strategy in which managers offer multiple products or services as a single package ("bundle") is called bundle pricing.
Motivation of bundle pricing:
Particularly useful if your customers' demand is highly variable but price discrimination is impractical.
When consumers' price sensitivity of demand varies widely and market conditions make price discrimination difficult
If customers have diverse tastes, it can increase the seller's profit.
It is a method of simulating perfect price discrimination when perfect price discrimination is not possible or when charging multiple prices for the same product is illegal.
Types:
Simple Bundling: When managers offer multiple products or services in a single package so that customers do not have the option of purchasing package components separately
Mixed Bundling: Allows customers to purchase package components as a whole or separately.
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Obviously, Mr Timothy’s position within the company is Chief Financial officer
Chief Financial officer is the officer responsible for management of company's finances and top-level budgets.
So, as the Chief Financial officer, his responsibility includes:
- creating the budget for a fiscal year
- creating a cost-profit analysis report
- identifying avenues for possible cost reduction in the budget
In conclusion, Mr Timothy’s position within the company is Chief Financial officer
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A market product growth strategy focuses on increasing sales of the firm's current products to its current target markets.
A product growth strategy increases sales looking all the prospects of the department rather than focus on only one department of the firm. It develops the firms production process in all aspects.
The strategy is made and planned according to the current market conditions to achieve its desired targets and get the maximum profit out of the production process that is taking place in the firm which in turn increase sales of the firm by increasing consumers demand.
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Government issued picture ID, as well as a second form of ID. Preferably a social security card.
Answer:
Make sure the injury isn't severe. Call 911 and keep making sure they are breathing normally. If not, give them CPR until an ambulance comes. Try not to move them too much and keep them calm.
