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Alinara [238K]
3 years ago
14

You are sitting next to a person in business class on a flight from Los Angeles to Sydney, Australia. You mention to that person

that you got your ticket two months ago for only $12,500. The person responds that she bought her ticket two days ago for $7,800. This sometimes happens because airlines often use an approach called:
Business
1 answer:
ser-zykov [4K]3 years ago
4 0

Answer:

price discrimination (third degree price discrimination)

Explanation:

Price discrimination is when the same product is sold at different prices to customers in different markets

types of price discrimination

1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.

2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.  

3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students  

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Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (doll
Bumek [7]

Answer:

                               Clorox Company

Income statement for the year ended June 30, 2022

Sales revenue (7,630 - 230)                                 7,400

Less Cost of goods sold                                      (3,700)

Gross Profit                                                            3,700

<u>Operating Expenses</u>

Salaries and wages expenses              460

Research and development expense   114

Advertising expense                              499

Rent expense                                         105

Utilities expense                                      60         (1,238)

Operating Income                                                 2,462

<u>Non Operating Expenses</u>

Loss on disposal of plant assets            46

Interest expense                                     161

Income tax expense                              736          (943)

Net Income                                                             1,519

Explanation:

A multiple - step Income statement shows a separately : the Income generated from the Company`s Primary Activities known as <em>Operating Income</em> whilst all other income or expenses arising from Secondary Activities are categorized as <em>Non Operating Activities</em>.

5 0
3 years ago
Pearland, Inc. has 8,000 shares of preferred stock outstanding. The preferred stock has a $90 par value, a 13% dividend rate, an
AleksAgata [21]

Answer:

D. $93,600

Explanation:

In order to find the total dividends paid out to the preferred stockholders we need to find the dividend per share and then multiply it by 8,000 as there are 8,000 preferred shares.

Dividend per share =

par value * dividend rate

90*0.13=11.7

Total amount paid to stock holders=

Dividend per share * no of shares

11.7*8,000=93,600

4 0
3 years ago
A supervisor who believes an employee's grievance is not a contractual violation should: accept the employee's grievance, and th
Alina [70]

In labor relations, a supervisor who is of the opinion that an employee's grievance is not a violation of his contract should admit the grievances of the employee, and then respond to the grievances in accordance with provisions of the labor agreement. 

4 0
3 years ago
Price comparison involves which of the following?
hjlf
<span>Price comparison involves "</span>(C) Figuring out the price per unit and comparing it to other choices." When you are comparing prices, as a consumer, you want to save a big amount but without removing the quality of a product that you want to buy.

8 0
3 years ago
Read 2 more answers
Research indicates that 25 percent of U.S. salespeople engaged in __________ selling consider it unethical to explicitly ask cus
klasskru [66]

Answer: (B) business-to-business

Explanation:

Business to business selling is the process in which a one business selling its products and the services to the another business instead selling the products to the customers.

It basically create some value for the business and it is one of thee most complex selling business as compare to the B2C (Business to consumer).

B2B (Business-to-business) is one of the best technique and practice where the company selling the products to another business company such as wholesaler and office supplier.

Therefore, Option (B) is correct.  

4 0
3 years ago
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