Answer:
Premium, value
Explanation:
Premium Pricing Strategy: this a strategy used by companies to drive up the prices for their products. This strategy is used when customers can be convinced that a company will offer a higher value than its competitors.
For example, looking at the prices of a Rolls Royce Phantom and a Toyota, one costs $450,000 and the other costs $25,000, both will take you from your office to your house, but some customers will prefer to buy the Rolls Royce, this is because of the value the Rolls Royce offers.
Value: this is the worth or usefulness of something. Therefore, if a company can offer value for money, customers will be willing to pay.
Percent markup based on the selling price: 28.1%
Explanation:
The cost of the TV for the seller was

Of this, the markup of this price was 39%. Therefore, the value of the markup (in dollars) with respect to the cost for the seller was

So, this was the markup relative to the cost for the seller.
The price paid by the purchaser instead is

Therefore, the percent markup based on the selling price (paid by the purchaser) is:

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Answer:
B. An online bank has lower operating costs than a retail bank
Answer:
1) 2 minutes
2) 7 minutes
3) Zero ( 0 ) minutes
4) yes
5) zero ( 0 ) minutes
Explanation:
1) Time required to serve
= 2 minutes
2) The operator will begin processing the fourth customer at 7 minutes
3) The fifth customer will wait in line for zero ( 0 ) minutes
4) Yes the sixth customer will get served right away
5) The average waiting time for the 6 simulated customers is Zero ( 0 )
Attached below is the simulation of the six arrivals
It is used to record sounds that you can hear.