1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexgriva [62]
3 years ago
14

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

Business
1 answer:
marishachu [46]3 years ago
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.
You might be interested in
Belle Co. has beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 7 at $3.00,
hichkok12 [17]
The number of additional items that Belle Co. purchased is equal to 27. That is, 7 + 8 + 12 which is equal to 27. The concept of LIFO is "Last In First Out" which means that the ones that has been purchased last should be dispensed off first. 

The company sold 31 units. 27 of this is already the newly purchased ones and 4 came from the beginning inventory leaving the number of items to only 8 sets of paint for $1.5. 

The cost of the ending inventory is,

                 I = 8($1.5) = $12

The answer is letter C. $12.00. 
6 0
3 years ago
Read 2 more answers
the ____ is a federal government agency that offers both managerial and financial assistance to small businesses
hjlf
Small business administration.
5 0
3 years ago
You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $290,000; auto loan, $15,
aleksley [76]

Answer:

Total Insurance need          $166,500

Explanation:

Life insurance [DINK method]

Amount mortgage loan (half)  $145,000  

Auto loan(half)                   $7,500  

Credit card balance(half)  $2,000  

Other debts(half)               $4,000  

Funeral cost                          $8,000  

Total Insurance need          $166,500

7 0
2 years ago
Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test
dem82 [27]

Answer:

Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test scores are determined by positions. For example, the test scores for Cindy are 67, 92, 67, 43, 78. Drop the lowest of the five test scores for each student and average the rest and determine the letter grade for that student. Make sure your printout is the same as mine with the same column widths

lowest of the five scores is 43

dropping the lowest, the we have= 67, 92, 67 and 78

Average the rest= 67+92+67+78/4

Average= 76

The grade is A irrespective of the grading point used

Explanation:

3 0
3 years ago
We are pleased to offer you the position of assistant manager. We propose a start date of March 14.
MissTica

Answer:

I think its authoritative

5 0
3 years ago
Read 2 more answers
Other questions:
  • The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The fo
    5·1 answer
  • In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elastici
    14·1 answer
  • Why is it important to set goals and share them with others
    14·1 answer
  • What is the total stockholders' equity based on the following account balances?Common Stock $1,300,000Paid-In Capital in Excess
    14·1 answer
  • Dynamic explosives is trying to decide whether or not to launch a new product nationally. this represents a(n) ________________
    13·1 answer
  • Jeff has the opportunity to receive​ lump-sum payments either now or in the future. Which of the following opportunities is the​
    14·1 answer
  • What is consumer sovereignty? a. it is the right of consumers to lodge complaints against fraud and misconduct b. it is the cont
    12·2 answers
  • WARM UP: If a person dies in cold weather, does that increase or decrease rigor mortis? What about Warm weather?​
    9·1 answer
  • Aster Inc. has developed a new digital three-tier food steamer. Though the product comes with a self-explanatory manual, the con
    8·1 answer
  • one of the primary goals of financial management is for net worth to increase over time from strong business performance and eff
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!