Answer:
Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a
savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by
saving the money. The lost interest is the
<u><em> opportunity cost</em></u> cost of spending money now.
Explanation:
The opportunity cost is the price you pay for not choosing best second alternative when you make a decision. In this case the person has two options:
1. Spending the money
2. Save the money
Once the money is spending the opportunity costs is generated and it is measure by the interest rate lost for not keeping the money in a savings account that will generate an interest rate known as APY Annual Percentage Yield.
Answer:
Differential pricing
Explanation:
Differential pricing , also known as discriminatory pricing is a pricing strategy in which the same product are sold to different customers at different prices.It enables companies to take advantage of unique customers valuation.
Even though is mostly seen as a legal way of pricing just like the other pricing methods , but in a situation where it is biased towards a category of people because of their tribes , gender religion other discriminatory factors , it becomes an illegal act.
Answer:
A) Customer value-based pricing
Explanation:
In sales and marketing, price can be defined as the amount of money that is being charged by a seller for goods and services rendered to a potential customer or buyer.
Customer value-based pricing uses buyers' perceptions of what a product is worth, not the seller's cost, as the key to pricing.
Generally, a value-based pricing strategy typically begins with the manufacturer or seller assessing customer needs at a specific period of time. This ultimately implies that, a customer value-based pricing is all about the consumers of goods and services by considering their perceived benefits or satisfaction derived from the use of such products or services.
<span>
<span>The
gas motor also known as the four stroke internal combustion engine created by
Nickolaus Otto was first used to generate power in a motorcycle and later on
used in vehicles among other machinery. Power is generated from this engine
through a cycle that consists of four steps. A mixture of air and fuel is
introduced into an enclosed combustion chamber, this mixture is compressed
and then ignited (thus causing an explosion)and then resulting exhaust gases
are expelled from the combustion chamber. This reaction generates heat energy
which is then converted into mechanical energy when the piston moves up and
down. This motion is transferred to a crankshaft which powers a flywheel that
maintains the rotary motion.</span></span>
