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
yan [13]
3 years ago
11

A restaurant offers a 20% discount on all meals for people aged 60 and older. This restaurant is practicing:_________

Business
1 answer:
Tasya [4]3 years ago
8 0

Answer:

d

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  

Requirements to practice successful price discrimination  

1. The firm must have market power. If the firm does not have market power and attempts to price discriminate they would lose customers

2. The firm must have different elasticities of demand for their product in different markets

3. The firm must be able to segment the market for their products  

You might be interested in
Plz, help ASAP!!!!!!
Cerrena [4.2K]
<h2>Grants are typically needs-based while scholarships are typically merit-based. </h2>

Explanation:

Option 1:

This is invalid because grands are usually need based and scholarships are usually merit-based.

Option 2:

This is the right answer.

Grants are often given considering the family background in terms of financial situation.

Merit-based are often based on GPA that the student secure

Option 3:

This stands invalid because you need not write any essay.

Option 4:

This is also invalid because both Federal and state governments offer both Grants and merit-based scholarships.

5 0
3 years ago
Finance prepares students for jobs in banking, investments, insurance, corporations, and government. It is important for all bus
BabaBlast [244]

Answer:

This statement about finance is true.

Explanation:

Finance can be defined as the study of money management and activities related to it. It is concerned with allocation of assets and liabilities. It can categorized into three types, public, personal and corporate.

Studying finance is important for business students, irrespective of their majors as finance is crucial part of any business and plays a very vital role in the working of any organization. Finance lies at the core of the business decision making. It is thus necessary to understand the concept of finance.

Also, to all individuals, knowledge of finance is helpful as it is involved in our daily lives, in paying our bills and managing our taxes or in loans and mortgages.

4 0
3 years ago
Which of the following is true about goods and services?
Angelina_Jolie [31]
U need to provide the options we can pick from please
3 0
2 years ago
What is the difference between a checking account debit card and a gift card?
vekshin1
A gift card is something that anyone, of any age, can buy. This card works only at the certain business it is for. Such as a Burger King gift card, you can only use that card at Burger King. A checking account debit card is a card you can use in any situation, as long as they have the proper equipment. This card extracts money from your banking account, whereas the gift card has a set amount of money on it. Also, a checking account debit card is only given to people 18 and over, since signing a check is technically signing a contract, and using a debit card goes along the same lines as signing a check. 
6 0
3 years ago
Using the variable cost method, determine the selling price (rounded to the nearest dollar) for 30,000 units using the following
Brilliant_brown [7]

Answer:

c. $8

Explanation:

Calculation to determine the selling price

First step is to calculate the Markup percent

Markup percent= (90,000 + 150,000) / (30,000 x 15)

Markup percent = .533

Now let calculate the selling price

Selling price=533 x $15 per unit

Selling price= $8

Therefore the Selling price will be $8

7 0
3 years ago
Other questions:
  • When an economy operates at its long-run potential output level,?
    12·1 answer
  • To comply with IRS regulations, a taxpayer's mileage log must contain __________. a. Dates the vehicle was used for business; pu
    8·1 answer
  • A small local bank has made many loans to several energy companies recently because these companies have had no problem repaying
    8·2 answers
  • Before you could train as a physician, you first had to become _____.
    11·2 answers
  • A monopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (WTP) of $1
    5·1 answer
  • Most new jobs in the United States will be in the a manufacturing industries:
    9·2 answers
  • The slope of the security market line represents the:__________a) risk premium on an individual asset. b) beta coefficient. c) r
    5·1 answer
  • Discuss the likely drawback to a start up business of setting up and running as a franchise operation
    12·1 answer
  • Leroux health insurance is considering changing the options in one of their health care plans (plan a) based on customer feedbac
    12·1 answer
  • Jessica submitted to cancel event request form to cancel event she is scheduled to conduct three weeks from today the only adver
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!