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laiz [17]
3 years ago
5

Price discrimination is the practice of selling the same good at more than one price when the price differences are not justifie

d by cost differences. Evaluate the following statement: "Price discrimination is not possible when a good is sold in a perfectly competitive market."
Business
1 answer:
coldgirl [10]3 years ago
4 0

Answer:

The statement is: True.

Explanation:

Perfectly competitive markets are theoretical markets characterized by having many buyers and sellers, where products are homogeneous, having easy conditions for entry or exit of new firms, and where producers are price-takers because the price is determined by supply and demand.  

In such a scenario, <em>companies could not set different prices such as in a price discrimination approach because consumers would rather go to the competition.</em>

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Project Management Practice ProblemBragg’s Bakery is building a new automated bakery downtown Sandusky. Here are the activities
pav-90 [236]

Answer:

a. The normal project length is 36 weeks.

b. The critical path in this project is A-C-E-F.

c. The activity that you choose to crash first to reduce the duration of the project by one week is E because it has the least expediting cost/week amongst A, C, E, F.

d. The project length if all activities are crashed to their minimum is 23 weeks.

e. The slack for activity D is 5 weeks.

Explanation:

a) The normal length of the project = completion time of last activity = 36 weeks.

b) The criteria for critical activity:

LC_{i} = ES_{i} ,\\LC_{j} = ES_{j} ,\\

ES_j - ES_i = LF_j - LF_{i} = duration of the activity

where ES = Earliest start time, EF = Earliest finish time , LC = latest completion time, LF = latest finish time ,

The suffix- i refers to the preceding node, suffix-j refers to the succeeding node.

activities satisfying above all criteria are A, C, E, F

therefore critical path is A-C-E-F.

c) To reduce the project duration by 1 week. we should choose to crash among critical activities A, C, E, F. thus we choose to crash activity E because it has the least expediting cost/week amongst A, C, E, F.

d) if we crash all the activities to their minimum, then the project length = sum of crash time of all critical activities

= [6 + 10 + 6 + 1]

= 23 weeks.

e) The slack of activity d = LS - ES = 34 - 29

= 5 weeks

The critical path is given in the diagram,

7 0
3 years ago
For the following activity, indicate which of the objectives of managerial accounting activity is involved. In some cases, sever
Sladkaya [172]

Answer:

c. Motivating managers and other employees toward the organization's goals.

Explanation:

8 0
2 years ago
Since the middle of the 20th century, the international global business system has been shaped by global institutions. Countries
Kipish [7]

Missing Part of Question:

The question was missing information. Luckily, I found the question on the internet and I am attaching it here for ease of understanding.

<h2>Answer:</h2>

In the order of the functions:

1. Bretton Woods Institutions

2. UN

3. GATT

4. WTO

5. GTO or G20

<h2>Explanation:</h2>

1. The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF).

2. The United Nations is an intergovernmental organization with an objective of maintaining international peace and security.

3. The General Agreement on Tariffs and Trade (GATT) is a treaty between many countries. Its aim is to promote international trade by reducing or eliminating trade barriers like quotas or tariffs.

4. The World Trade Organization is also an intergovernmental organization. Its function is the regulation of international trade among nations.

5. The G20 (i.e. The Group of 20) is an international forum for the governments and central bank governors consisting of 19 countries and the European Union (EU). It focuses on the promotion of international financial stability.

3 0
3 years ago
n launching its new line of power tools, Black and Decker spent a considerable amount of time and resources to educate, motivate
DaniilM [7]

Answer:

Push strategy

Explanation:

A push promotional strategy works to create customer demand for your product or service through promotion: for example, through discounts to retailers and trade promotions.  Push promotional strategies also focus on selling directly to customers, for example, through point of sale displays and direct approaches to customers

Black and Decker hopes its push strategy will lead to a more effective product launch.

3 0
3 years ago
Read 2 more answers
A customer tells his broker "Sell my position in ABCD (a NASDAQ stock) and use the proceeds to buy EFGH (another NASDAQ stock)."
MrMuchimi

Answer: C. purchase of EFGH separately; and the sale of ABCD separately

Explanation:

7 0
3 years ago
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