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.
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Answer: Role model
Explanation: A person who is a role model is someone who serves as an inspiration to others. This person serves as an example because of their personality, their achievements, and their dealings with others. When a person is taken as a role model, they should feel proud as they are influencing others. This will always be something for the better as long as this person is a positive example for others.
Answer:
d. 63,900 units
Explanation:
Particulars Unit
Beginning inventory -
Units started and completed 59,500 [64,500 - 5,000]
Closing WIP for materials <u>4,400</u>
Equivalent units for materials <u>63,900</u>
So, the number of material equivalent units of production in the June 30, Finishing Department inventory is 63,900 units
B. The US dollar became backed by gold doe the first time is the correct answer