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3 years ago

What is price discrimination and how do movie theaters and restaurants practice price discrimination?

1 answer:

7 0

Price discrimination is the action of selling the same product at different prices to different buyers, in order to maximize sales and profits. Movie theaters practice it by giving discounts on certain night. Example: senior citizens discount. Restaurants practice price discrimination by menu pricing.

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A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or

Vlada [557]

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the <u>Time period principle.</u>

The time period principle- Financial results and other material business activities should be reported over a consistent time period, such as a month, week, day, etc., in accordance with the time period concept. Depending on the frequency of the chosen time period, the firm must then adhere to a distinct set of regulations for each financial statement in accordance with US Generally Accepted Accounting Principles.

Any company's financial statements can be thought of as a snapshot in time that reveals both the company's history and its current status. That's why it's crucial to disclose to readers the time frame in which the financial statements were generated in accordance with the time period concept.

In its broadest sense, the time period principle holds that any enterprise may conveniently categorize its financial operations into discrete time intervals. That is to say, all cash inflows and outflows may be neatly categorised into separate and sequential accounting periods.

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To know more about Time period principle refer here:

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3 0

1 year ago

How do you increase the quality of your products, i. E. , reduce flaws in production? chegg.

djverab [1.8K]

Increasing the quality of your products can be achieved by doing the

following:

Using standard raw materials.

Adopting best work practices.

<h3>What is Quality?</h3>

This is the measurement of standard or excellence of an individual, goods

and services.

It is best for an organization to churn out quality products as it helps to

increase sales and profit. This can however be achieved by using standard

raw materials and practices during production.

Read more about Quality here brainly.com/question/15281075

6 0

2 years ago

One of your goals you have set for your company is to expand our product line the statement is

mash [69]

<span>One of your goals you have set for your company is to expand our product line the statement is not clear and it's not measurable. The product line is the concentration of the same products which are categorized from the same brand. </span>

6 0

3 years ago

Read 2 more answers

Within the relevant range, fixed costs ______. per unit become progressively larger as the level of activity increases remain co

erma4kov [3.2K]

Answer:

The correct option is;

Remain constant in total regardless of changes in activity

Explanation:

In the field of Economics, fixed costs are costs that remain the same or does not undergo change when the quantity of produced goods or rendered service increases or decreases. Fixed cost are not dependent on the fluctuations in the level of produced goods and/or service.

Fixed cost are cost that are charged based on the duration of use of the facility, such as the rent paid for the factory premises.

Therefore, we have; within the relevant range, fixed costs <u>remain constant in total regardless of changes in activity</u>

3 0

3 years ago

DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10

brilliants [131]

Answer:

DeWitt Industries

Materials Purchase Budget for the first quarter:

January February March

Ending inventory 1,648 1,038 824

Production

requirements 31,320 24,720 15,570

Beginning inventory 9,500 1,648 1,038

Purchases (pounds) 21,820 23,072 14,532

Explanation:

a) Data and Calculations:

Production Budget

Month Units

January 10,440

February 8,240

March 5,190

April 4,120

January February March April

Production Units 10,440 8,240 5,190 4,120

Production

requirements 31,320 24,720 15,570 12,360

Materials Purchase Budget

January February March April

Ending inventory 1,648 1,038 824

Production

requirements 31,320 24,720 15,570 12,360

Beginning inventory 9,500 1,648 1,038 824

Purchases (pounds) 21,820 23,072 14,532 11,536

4 0

2 years ago

What is price discrimination and how do movie theaters and restaurants practice price discrimination?​

What is price discrimination and how do movie theaters and restaurants practice price discrimination?