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anzhelika [568]
3 years ago
5

Second-degree price discrimination occurs when: a business asks a series of personal questions about what the purchase is going

to be used for. every consumer pays what he or she is willing to pay. consumers are charged one price for the first bundle of purchases and a different price for the next bundle of purchases. different groups of people are charged different prices.
Business
2 answers:
Marianna [84]3 years ago
7 0

Answer: different groups of people are charged different prices.

Explanation:

Price discrimination is a strategy whereby a seller sells similar goods to different customers at various prices. Price discrimination is a competitive practice that is used by larger, established companies in an attempt to generate huge profit.

Second-degree price discrimination occurs when a firm charges a different price for different quantities bought such as discounts on bulk purchases. Companies price products differently based on the consumer's preferences.

Vaselesa [24]3 years ago
4 0

Answer:

consumers are charged one price for the first bundle of purchases and a different price for the next bundle of purchases

Explanation:

Price discrimination is when a company sells the same good or service at different prices to different consumers.

Second-degree price discrimination is when a seller sells at different prices for different quantities bought. E.g. bulk discount.

First price discrimination is when every consumer pays what he or she is willing to pay

Third price discrimination is when different groups of people are charged different prices.

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dangina [55]

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a global standardization.

Explanation:

Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.

Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.

Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.

5 0
2 years ago
Suppose that a friend asks you to drive him to the airport this weekend so that he can catch a flight. He pays you for the gas u
galina1969 [7]

Answer:

Implicit Imputed opportunity cost of time sacrifised while airport drop .

Explanation:

My friend asking me to drop at airport, & paying costs : gas used while driving, parking cost of car - has excluded certain price giving aspects.

He has included all the Explicitly quantified costs , whose payment is made to third person - like fuel & parking.

However, he has not included the implicit cost in terms of opportunity cost i.e other things sacrifised while going to drop him. Such costs payment is although not directly made to third person, but they still reflect a 'cost' as they reflect a gain sacrifised meanwhile.

In this case, it includes time sacrifised while going to drop friend at airport. That time could be used at work, which could have monetary benefits. So, this cost is eliminated to be evaluated by my friend.

4 0
3 years ago
The Federal Application for Student Aid (FAFSA) form:
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3 years ago
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igor_vitrenko [27]

Answer:

Accounting loss of $5

Economic loss of $35

Explanation:

Accounting profit is the net of revenue and Explicit cost. Explicit costs are the cost which actually incurred or paid.

On the other hand the economic profit is the net of revenue, Explicit and Implicit costs. Implicit value is the opportunity costs of choosing the alternative.

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Economic Profit = ($35)

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