All categories

2 years ago

Which pricing technique often results in price of the seat being higher the closer you get to the field ?

Business

1 answer:

VladimirAG [237]2 years ago

5 0

Answer:

Dynamic pricing

Explanation:

Dynamic pricing or demand pricing is a strategy to put different prices on a product based on demand. The same product might have a different level of demand based on many types of variables. Tourism will have a surge in demand during the vacation season. In this case, the ticket for a seat that closer to the field has more demand compared to seat far away from the field since you can watch it better.

You might be interested in

You are the manager in charge of setting the strategy for a new frozen yogurt company. Which of the following questions would be

AfilCa [17]

Answer:

B) How have consumer preferences in frozen yogurt flavors changed in the last five years

Explanation:

During the analysis phase of the AFI strategy framework we need to evaluate that how have consumer preferences in frozen yogurt flavors changed in the last five years. Since we know that AFI framework analysis we seek the planning analysis, formulating and implementation. Companies always go back to reassess their strategy based on changes in the environment.

7 0

2 years ago

A region is in the middle of a very cold and snowy winter. As a result, hot chocolate has become more desirable, and many of the

Oksi-84 [34.3K]

Answer:

The price of hot chocolate will increase for sure due to the sudden increase in the quantity demanded and decrease in the supply. The net effects on the actual quantity demanded are not definite, since a small increase in price will probably not affect it that much and more chocolate sill be demanded, but if the prince increase is too high, probably the quantity demanded will fall.

8 0

2 years ago

On January 1, 2021 Exibit Company purchased land costing $800.000. Instead of paying cash at the time of purchase. Jalen plans t

Murrr4er [49]

Answer: Exhibit journal $

Date

January 1 2021

Land Dr. 800,000

Creditors. Cr. 800,000

Recognition of land purchased on four installment payment with 6% interest.

June 30,2021

Installment principal Dr 191,221.64

Installment Interest Dr 24,000

Bank Cr. 215,221.64

Narration. Payment of installment principal and interest as at date.

December 31,2021

Installment principal Dr 191,221.64

Installment Interest Dr. 24,000

Bank Cr. 215,221.64

Narration.Payment of installment principal and interest due for date.

B. The balance on notes payable and Interest as at December 31 2021 is zero.

Explanation:

The notes is recognised by increasing the creditors accounts with a credit posting while the land is recognised by debiting the asset accounts.

The interest elements which is calculated on the total sum of 800,000 per annum is divided into two and the results separated from the biannual installment payment, the interest elements will be equally debited to the income statement.

There is no outstanding installment or Interest to be paid as at December 31 2021 , though there is two equal installment and interest still outstanding on the loan but they will not be due until 2022 based on facility agreement.

3 0

2 years ago

Consider a company that provides two services using the same basic process. Service A is relatively complex, and has 15 opportun

patriot [66]

Answer:

The answer is: Total DPMO of the overall process is = 4,733.33

Explanation:

To calculate the defects per million opportunities (DPMO) we use the following formula:

DPMO = (D/(U*O))*1,000,000

Defects = D
Unit = U
Opportunity to have a defect = O

We are given the following data:

<u>Service A:</u> <u>Service B:</u>

D = 10 D = 17

U = 500 U = 1,000

O = 15 O = 5

DPMO Service A = [10 / (500 x 15)] x 1,000,000 = 1,333.33

DPMO Service B = [17 / (1,000 x 5)] x 1,000,000 = 3,400

Total DPMO = 4,733.33

4 0

2 years ago

American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); National Bank quotes a bid rate

Vinvika [58]

Answer:

c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.

Explanation:

Locational arbitrage is a strategy in which one seeks profits from the difference in exchange rates for the same currency at different banks.
In our case for locational arbitrage one will have to buy Indian rupee from National bank at the ask rate and then sell them to American bank at the bid rate to make profit.

3 0

2 years ago