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dybincka [34]
3 years ago
11

When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as ________. third-degr

ee price discrimination second-degree price discrimination first-degree price discrimination psychological discounting perceived value pricing?
Business
2 answers:
stellarik [79]3 years ago
6 0
<span>When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as price discrimination. 

Price discrimination is a way of changing the prices for something based on time of day, amounts sold, or who they are sold to. This type of discrimination is done to try and maximize profits in the largest way possible. </span>
qwelly [4]3 years ago
5 0

Answer:

The correct answer is letter "C": third-degree price discrimination.

Explanation:

Third-degree price discrimination takes place when the same good is charged at a different price because of consumers' features such as age, sex, or location. For price discrimination to be legal, usually disfavored factors are considered to charge less than average to some customers.

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Frank is a board member at Lofloy Greens Inc.,a publicly traded company.In addition to his duties on the board,Frank is also a f
babunello [35]

Answer: C) Frank is an outside director on Lofloy's board of directors.

Explanation:

As Frank has a full time employment position as a senior manager at Spinson Locomotives, he is most likely an outside director on Lofloy's board of directors.

Outside directors are those members of the board in a company that are not employed by the company which Frank isn't.

Outside directors like Frank are thought to be more impartial in decision making and for this reason companies are usually required to have a certain number of them sitting on the board.

7 0
3 years ago
A corporate treasury working out of Vienna with operations in New York simultaneously calls Citibank in New York City and Barcla
WARRIOR [948]

Answer:

Given $1 million and the following quotes:

Bank C - $0.7551-61/€

Bank B - $0.7545-75/€

There are two different arbitrage strategies that can be attempted. The first is to buy euros from bank B, and then sell them to bank C:

Buy euros Bank B:

Euros to be bought = $1,000,000 x  Euro / $ 0.7575

Euros to be bought = 1,320,132.01 Euros

Sell euros Bank C:

Euros to be sold = 1,320,132.01 euros x $0.7551 / Euro

Euros to be sold = $996,831.68

The profit/loss can be calculated by subtracting the original starting amount of dollars by the post-arbitrage amount:

Profit/loss = $996,831.68 - $1,000,000

Profit/loss = -$3,168.32

The second strategy involves buy euros from bank C and selling them to bank B: Buy euros Bank C:

Euros to be bought = $1,000,000 x  Euro / $ 0.7561

Euros to be bought = 1,322,576.38 Euros

Sell euros Bank B:

Euros to be sold = 1,322,576.38 euro x 0.7545 / Euro

Euros to be sold = $997,883.88

The profit/loss can be calculated by subtracting the original starting amount of dollars by the post-arbitrage amount:

Profit/loss = $997,883.88 - $1,000,000

Profit/loss = -$2,116.12

In both instances a loss is made by the arbitrage. The arbitrager cannot make a profit using these quotes.

3 0
3 years ago
Read 2 more answers
_____ power derives from a position of authority inside the organization and is sometimes referred to as formal authority.
julsineya [31]
The appropriate response is legitimate power. Legitimate power will be the power you get from your formal position or office held in the association's progressive system of an expert. For instance, the leader of a company has certain forces in view of the workplace he holds in the enterprise.
5 0
3 years ago
p. 82) Which of the following is NOT a limitation of SWOT (Strengths, Weaknesses, Opportunity, Threats) analysis? A. Organizatio
PilotLPTM [1.2K]

Answer:

The correct answer is letter "B": SWOT's focus on the external environment is too broad and integrative.

Explanation:

The SWOT analysis is a study of the internal and external factors that influence companies' operations and from which the entity can take advantage of or steps to control risks. The <em>internal factors</em> are the Strengths and Weaknesses while the <em>external components</em> are the Opportunities and Threats of the firm.

<em>The SWOT's focus on the external environment is broad and integrative but such characteristic represents an advantage not a limitation of this strategic study.</em>

3 0
3 years ago
Hubert lives in San Diego and runs a business that sells guitars. In an average year, he receives $701,000 from selling guitars.
erica [24]

Answer:

Explicit costs are the monetary costs that a business incurs when it makes a payment, either in the form of wages, or taxes, or to manufacturers, etc.

Implicit costs are the opportunity costs that arise when businesses give up on other options when making a choice. They are not represented by any actual payments.

In this case, we have the following explicit costs:

$420,000 paid to the manufacturer

$247,000 paid in wages and utility bills

And we have the following implicit costs:

$9,000 in rent per year if Hubert rented out the local

$32,000 per year if Hubert worked as a financial advisor

5 0
3 years ago
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