Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) <u>bundle </u>pricing strategy.
What is bundle pricing ?
A pricing strategy in which managers offer multiple products or services as a single package ("bundle") is called bundle pricing.
Motivation of bundle pricing:
Particularly useful if your customers' demand is highly variable but price discrimination is impractical.
When consumers' price sensitivity of demand varies widely and market conditions make price discrimination difficult
If customers have diverse tastes, it can increase the seller's profit.
It is a method of simulating perfect price discrimination when perfect price discrimination is not possible or when charging multiple prices for the same product is illegal.
Types:
Simple Bundling: When managers offer multiple products or services in a single package so that customers do not have the option of purchasing package components separately
Mixed Bundling: Allows customers to purchase package components as a whole or separately.
Learn more about bundle pricing here: brainly.com/question/23175408
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It's most likely true. Anyone over 64 is typically considered a senior or elder.
Answer:
In 1980
Explanation:
Year Salary Percentage Salary Increase CPI Increase
1970 $12,000 - -
1980 $24,000 100 50
1990 $36,000 50 83.3
As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.
On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.
Therefore, the professor's salary was highest in 1980.
Answer:
$7,000 gift will be worth $19,922 after 17 years ( or 68 quarters) given the discount rate is 6.2% compounded quarterly.
Explanation:
The worth of $7,000 nowadays after 17 years is equal to its future value compounded for the time of 17 years or 68 quarters.
As the discounted rate is 6.2% compounded quarterly, we have:
Compounding period = 17 x 4 = 68; Interest rate = 6.2%/4 = 1.55%.
Apply the formula for future value to determine the value of $7,000 in 17 years as: 7,000 x (1+1.55%) ^68 = $19,922.
Thus, the answer is $19,922.
I think that it might be D
