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ale4655 [162]
3 years ago
9

You own a franchise of rental car agencies in Florida. You recently read a report indicating that about 80 percent of all touris

ts visit Florida during the winter months in any given year, and that 60 percent of all tourists traveling to Florida by air rent automobiles. Travelers not planning ahead often have great difficulty finding rental cars due to high demand. However, during nonwinter months tourism drops dramatically and travelers have no problem securing rental car reservations. Determine the optimal pricing strategy for this situation. Block pricing Peak-load pricing Randomized pricing Two-part pricing
Business
1 answer:
maksim [4K]3 years ago
5 0

Answer:

Peak-load pricing

Explanation:

Prices are set in a way that high sales turnover are attracted and profit maximized. This makes it necessary for market situation to be studied and analysed during price setting for best pricing decision.

The optimal pricing situation for the situation in the scenario is Peak - load pricing.

In Peak-load pricing , higher prices are charged when demand is at its peak with few competitors in the market , and the price is dropped when the market suffers a drop in demand of such goods,

The aim to to take an advantage of the peak period in making a maximum income.

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Income elasticity of demand measures the receptiveness of the quantity demanded for a good or service to a change in income.

It's calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.

Explanation:

Hope this helps!!

8 0
3 years ago
How much is the sales tax on $19.50 worth of goods if the tax rate is 7%? $2.79 $0.14 $1.37 $0.28
exis [7]

Answer:

1.37

Explanation:

=19.50x7

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4 0
2 years ago
America's basic cold war strategy emerged when the Truman administration adopted the recommendations of U.S. diplomat and Soviet
Goshia [24]

Answer:

The containment doctrine.

Explanation:

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3 years ago
Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value beca
Alla [95]

Answer:

C. include a credit to the equipment accumulated depreciation account.

Explanation:

Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.

In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.

7 0
3 years ago
Alyssa was a severe schizophrenic who had to be institutionalized. Alyssa's cousin, Marlene, told Alyssa that she would buy her
Diano4ka-milaya [45]

Answer: capacity

Explanation:

4 0
3 years ago
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