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HACTEHA [7]
3 years ago
13

Which of the following is NOT a requirement for successful price discrimination? Sellers must be able to separate the market int

o different consumer groups based on their elasticities of demand. Sellers must have some market power. Sellers must be able to prevent arbitrage; that is, it must be impossible or prohibitively expensive for low-price buyers to resell to higher-price buyers. Sellers must have higher price elasticities than buyers.
Business
1 answer:
marysya [2.9K]3 years ago
3 0

Answer:

The correct answer is option d.

Explanation:

Price discrimination is said to be existing if the same seller is selling same goods and services at different prices.

For price discrimination the seller must be able to differentiate market on the basis of price elasticity of demand. Higher price is charged where demand is less elastic.

The seller must have some degree of monopoly power.

The seller must prevent reselling of goods between the two market segments.

The different price elasticity for sellers and buyers is not a necessary condition.

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2. What were the major industries involved in the development of the West, and how did these industries transform the western ec
Usimov [2.4K]

Answer:

1) Mining

2) Ranching

3) Commercial Farming

Explanation:

The miners who comes mostly from California and other areas fulfilled the demand for gold and silver in the East. They also contributed in extracting other minerals i.e. copper, zinc, iron ore, lead, and quartz, which were great for the industrial use.

The sheep and cattle ranchers played an important role too i.e. that they produced wool, meat, and leather to satisfy the demands of eastern manufacturers and the consumers.

The farmers contributed by making farming commercial. They sold their crops in home town and internationally which helped the economy to improve.  

6 0
3 years ago
When underapplied or overapplied manufacturing overhead is prorated, amounts can be assigned to which of the following accounts?
laila [671]

Answer:

b. Cost of Goods Sold, Work-in-Process Inventory, and Finished-Goods Inventory.

Explanation:

Whenever manufacturing overheads are prorated and under-applied or over-applied, then they are charged to inventory or cost which includes overheads as part of it.

As for instance, raw material inventory do not include any overheads, it is just the purchase price of inventory, as no work is performed on it.

Cost of goods sold, includes all the cost incurred to sale the good, from acquiring raw material to converting finished goods, and then adding the sales expense the goods are sold.

Finished goods include every material and overhead to convert the item into finished state and usable state.

Work in process is half way completed, or the percentage prescribed and includes raw material, includes overheads, but the product is somewhere more than raw inventory and less than finished good.

Therefore, correct option is:

b.

7 0
4 years ago
True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.
hodyreva [135]
False. 

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD. 

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
5 0
4 years ago
Difference between Private and public Company company
HACTEHA [7]
A private company, the company's stock, or its net is spread amongst few people, usually people close to the CEO/Owner.
A public company, the company's stock is available to purchase to anyone, and can be spread world wide.
8 0
3 years ago
THIS IS WORTH 100 POINTS-GIVE ME A GOOD ANSWER AND I WILL MARK YOU AS BRAINLEST Create a company, including the creation of a pr
vesna_86 [32]

Some of the steps in creating a company include:

  • Selecting a unique name.
  • Making a financial plan and creation of a budget.
  • Creation of vision and mission statement.
  • Registration of the company with the government.

The advertising for the company would have to target an audience based on either demographics or income range or on the type of jobs they do that would require them to use your product.

The use of a marketing mix which includes the price, promotion, place, product, and people would be to make the best pricing available and also be in a strategic location, meeting the demand of people's needs.

<h3>What is Advertising?</h3>

This refers to the creation of public awareness for a particular brand of products or services to get them to buy.

Read more about advertising here:
brainly.com/question/25528284

7 0
2 years ago
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