Explanation:
Price discrimination is a strategy used by companies, which is characterized by the price variation of the same product so that there is an increase in profits, that is, companies sell their products at the highest price the consumer is willing to pay.
There are <u>three degrees</u> of price differentiation:
- first degree: perfect discrimination - This practice occurs when the producer raises the price of the product to the maximum that the consumer is willing to pay, which generates increased revenue and profitability.
- Second degree: discrimination by quantity - The price per unit varies based on the quantity purchased. Take 3 and pay 2 promotions is an example of this practice.
- Third grade: discrimination by type of consumer - In this practice the producer differentiates the type of price according to the consumer's profile. Techniques are used to find out which consumer is willing to pay more and which is willing to pay less.
<u> It is the example of the question described in the statement.</u>
There are added benefits to the price discrimination strategy, for the company is an opportunity to maximize profits when it can maximize the price of the product, for the consumer is an opportunity to buy a product at a lower price.
Disadvantages of this strategy include the monopoly power exercised by companies in setting higher prices for certain consumers than for others.
The short run is a period for which diminishing returns will be encountered due to fixed inputs.
<h3>What is Short Run Period?</h3>
- According to the concept of the short run, some inputs will be constant while others will be variable within a specific time frame in the future.
- It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so.
- The short run is different from the long run in that it includes both fixed and variable components, which are absent from the long run.
- In the short run, a firm's output, wages, and prices do not always have complete freedom to change in order to accomplish a goal.
- Since there are no fixed costs, in the long run, a firm's production components can find equilibrium.
To learn more about the Short run period refer to:
brainly.com/question/14264323
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I believe the answer is D: Horizontal.
Two of the laws that Tumi manufacturers comply with are
- Labor laws
- Environmental laws.
<h3>What is corporate social responsibility</h3>
This is the responsibility of an organization to the the area where they operate.
The manufacturers have to comply with the labor and the employment laws that have been set in the country that they operate.
Also one of their corporate responsibilities is to ensure safe practices that are safe and not harmful of our environment.
Read more on corporate social responsibility here: brainly.com/question/1373962
Answer:
WHOLE LIFE: This policy covers the person for his entire life and then pays a cash revenue that is guaranted for the investments made during the life of the owner of the policy. For this benefits to be obtained the person must pay a fixed high premium for it.
VARIABLE LIFE: This policy covers the person for the same period as the whole life insurance but the premium is not fixed as the cash revenue for investments is not guaranted.
TERM LIFE: The term life insurance is set up for an especific period the premiums are the lowest and persons won't collect any cash payments for revenues made out of investments at the end of the coverage of the policy.
