1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inessss [21]
3 years ago
15

At many amusement parks, customers who enter the park after 4 p.m. receive a steep discount on the price they pay. This is a typ

e of price discrimination because the amusement park charges a higher price to
a) families with young children that aren’t in school.
b) people who have a more inelastic demand for amusement parks.
c) people who have a more elastic demand for amusement parks.
d) people who are rich enough to visit the amusement park for an entire day
Business
1 answer:
Roman55 [17]3 years ago
8 0

Answer:

The answer is b) people who have a more inelastic demand for amusement parks.

Explanation:

For this price discrimination strategy, amusement parks are aiming at people who are more willing to come to the amusement park to spend more hours at the park and does not care about entry price as much as other people who are not normally willing to visit the park; instead, may be take a try for one or two hours at the end of the day at deep discounted price.

So, high price will be charged to people less care about entry price, in other works their demand for the amusement parks is relatively more inelastic to other people.

Thus, b is the right choice.

You might be interested in
Certain trends in the recent past have changed the way that businesses are managed and controlled. Four important recent busines
Stolb23 [73]

Answer:

b. Companies are benefiting from e-commerce by buying and selling their products and services to consumers online.

Explanation:

This is the example that shows the pure application of IT in business. E-commerce platforms are something every business that has an online presence has in common. Although businesses can differ by industry or niche, e-commerce is a common information technology trend.

The A. answer may indicate that it is IT related, but it is actually more related to globalization and outsourcing.

4 0
3 years ago
The following transactions are for Kingbird Company.1. On December 3, Kingbird Company sold $450,000 of merchandise to Blossom C
SpyIntel [72]

Answer:

Kingbird Company or Mack Company

Journal Entries:

Dec. 3:

Debit Accounts Receivable (Blossom Co.) $450,000

Credit Sales Revenue $450,000

To record the sale of goods on account, terms 1/10, n/30.

Debit Cost of Goods Sold $310,000

Credit Inventory Account $310,000

To record the cost of goods sold.

Dec. 8:

Debit Sales Allowance $22,000

Credit Accounts Receivable (Blossom Co.) $22,000

To record the allowance granted.

Dec. 13:

Debit Cash Account $423,720

Debit Cash Discount $4,280

Credit Accounts Receivable (Blossom Co.) $428,000

To record the settlement of account.

Explanation:

Journal entries are used to record transactions that occur on a daily basis.  They are usually the first set of records made in the accounting books.  They show the accounts to be debited and the accounts to be credited.  Each transaction is usually debited in one account and credited in another to reflect the double entry system of accounting and to keep the accounting equation in balance.

7 0
3 years ago
Some major considerations when deciding on housing are needs and?
vaieri [72.5K]

Answer:

Budget

Explanation:

on edge2021! hope this helps!~ (*^▽^*)

5 0
3 years ago
Read 2 more answers
Shue, a partner in the Financial Brokers Partnership, has a 30 percent share in partnership profits and losses. Shue's capital a
mr Goodwill [35]

Answer:

C. $300,000

Explanation:

Shue Capital Account:

contribution                          50,000

partnership income x 30%

withdrawals                       (240,000)

change in capital account (100,000)

50,000 + Shue profits - 240,000 = -100,000

Shue profit = 240,000 - 100,000 - 50,000

Shue profit =   90,000

Partnership profit:

90,000 / 0.30 = 300,000

4 0
3 years ago
A theme that begins in this course and is carried throughout the Public Information Training Series, the "95/5" concept A. is pr
Firdavs [7]

Answer:

Correct Answer:

B. takes its origin from two sources: management consultant D. Edward Deming and Italian economist Vilfredo Pareto.

Explanation:

<em>In the public information training series, the best option for the theme in question which was been described is the Option B which shows that, it got its origin from two different sources.</em>

6 0
3 years ago
Other questions:
  • Media planners typically use psychographic classifications to define their target audiences and rely heavily on primary research
    5·1 answer
  • If your consumption function looks like C=$97+.92Yd and your disposable income is 100 then your savings is
    8·1 answer
  • Suppose Sepracor, Inc. called its convertible debt in 2020. Assume the following related to the transaction. The 10%, $10,000,00
    12·1 answer
  • Russell’s has a bond issue outstanding. The issue's indenture provision prohibits the firm from re-deeming the bonds during the
    10·2 answers
  • Why do you think economists can be certain that every
    12·1 answer
  • After Hiroshi’s client informs him that she was denied an apartment lease due to her race, he refers his client to the free lega
    10·1 answer
  • Seth and Rachel have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership i
    15·1 answer
  • According to Michael Porter, a firm’s _____ is composed of primary and secondary support activities that can lead to competitive
    6·1 answer
  • Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothi
    7·1 answer
  • A group of workers normally consists of 60 men, 30 women and 20 boys. They are paid at standard hourly rates as under:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!