When airlines charge higher prices for seats in the Economy section Exit rows that have more leg room, they are using demand oriented pricing strategy.
<h3 /><h3>What is
demand oriented pricing strategy?</h3>
This is a strategy, used by a seller inorder to set the price of a product at a limit within the buying capacity of the targeted consumers.
It is to be noted that demand-oriented attempts to set price at level that intended buyers are willing to pay.
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Answer:anywhere you would think
Explanation:
Answer:
If I were to guess it would be D sorry if its wrong
Answer:
True
Explanation:
The satisfaction of customer is the key need of survival for any business.
As the customer satisfaction will result into good branding, economic support and vital performance booster for the organisation.
Customer satisfaction ensures that the organization is socially and economically viable, and equally capable of running business with the perspective of growth.
Thus the above stated statement is
True
Answer:
Experience an inward shift of its production possiblity curve.
Explanation:
Production possiblity curve is a graphical representation of the maximum number of products that a company can produce, if it produce only two product using all the resources efficiently. The maximum production possiblity of one product is shown on one side graph and another product on other side to compare which product can be produced to reduce cost and wastage while maximizing the profit. This also help the management to know the effecient use of resources or factor of production; Land, labour, capital and entrepreneurship. Therefore, lack of resources to Cuba have lead it´s economy to decline.
