The given excerpt is an example of predatory pricing
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<u>Explanation:
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Predatory pricing is a pricing strategy that identifies a product or service at a very low price, aimed at new customers or at taking competitors off the market or at creating barriers for new potential competitors.
However, it is hard to prosecute the claims of this activity because defendants make an argument that low prices are part of normal trade instead of a concerted attempt to disrupt the economy. Yet predatory prices are always not efficient because of the problems of restoring lost revenue yet removing rivals effectively.
Consumers may benefit from lower prices in the shorter term, but they will suffer if the strategy succeeds in reducing competition, and prices increase and choice decreases.
Answer:
Passport
Annual finance charge =$450
Total annual cost = $2970
Traveller
Annual finance charge = $425
Total annual cost = $2945
Explorer
Annual finance charge =$400
Total annual cost = $2950
The travellers card is the best
Explanation:
Passport
Annual finance charge = 18% x 2500 = $450
Total annual cost = $2500 + 450 + 20 = 2970
Traveller
Annual finance charge = 17% x 2500 = $425
Total annual cost = $2500 + 425 + 20 = 2945
Explorer
Annual finance charge = 16% x 2500 = $400
Total annual cost = $2500 + $400 + $50 = 2950
The traveller is the best for a consumer because it has the lowest cost
Answer:
PR is answerable for the collaboration of the corporate with the civilization, government, media, and consumer. Once a particular sort of event happens, confirm PR conveys in media that there'll be a reaction group selection to completely check the most explanation for the event whether or not it's a synthetic error or mechanism responsibility within the event. There’ll be a unbiased group are going to be conjointly selected to evaluate true and outcome and consequently given the results of the particular explanation for the event.
I believe it was Heath Andreeson
GDP stands for gross domestic product. The GDP allows economist to measure the market value in terms of money. They are measuring the final good or service that is being offered to a customer over any given time.
Since the first bag of flour is being sold to a bakery to make bread from and sell for $4.00 the GDP of this item is $4.00 because that is the cost a customer is paying.
The second bag of flour is sold to a customer for $2.00 in a grocery store and is the final cost a they are paying.
In this scenario, the GDP for the two products being sold to a customer is $6.00.
