Answer:
A written warranty promises replacement or refund for defective products.
It should be noted that the competitive advantage of Johan's company is being affected by Demand conditions.
<h3>What are Demand conditions?</h3>
Demand conditions can be regarded as the size and nature of the customer base for products, and this usually bring about innovation and product improvement.
This is why Johan was happy that consumers had asked for a better grade of plastic for the toys his company produced.
Learn more about Demand conditions at:
brainly.com/question/4804206
Answer:
Increase Subsidies for student loans.
Explanation:
By increasing subsidies on student loan, student can acquire higher loans to pay off tuition fees because they are sure of paying back less loan and lesser interest on the loans.
Answer: more elastic in their demand for tickets
Explanation:
Third-degree price discrimination is used by company when different price is being charged to a particular group of consumers.
Based on the scenario in the question, the owner of the concert hall should price tickets lower for customers who are more elastic in their demand for tickets.
Elastic demand simply means that a little change in the price of the concert hall will lead to a higher change in the quantity demanded. In this case, when the price increases, such people will buy little tickets. Therefore, the prices should be set lower for these set of people as there will be a huge increase in demand when the price is lower.
Answer:
$1,051,780
Explanation:
The computation of the liability for unredeemed coupons is shown below:
= (Number of coupons issued × estimated percentage - processed coupons) × coupon worth
= (728,000 coupons × 70% - 265,000 coupons) × $4.30
= 244,600 coupons × $4.30
= $1,051,780
Simply first we determined the number of unredeemed coupons and then multiplied it by the coupon worth
