Question: Help me solve b pls D b) Price discrimination is the practice of charging a different price for the same good or service. A car

Help me solve b pls

D b) Price discrimination is the practice of charging a different price for the same good or service. A car dealer may exercise a price discrimination by looking at how a potential car buyer is dressed. A potential customer who has the latest version of a phone and wears expensive clothes is more likely to be able to pay a premium for a new car. This strategy can also require a business to profile its customers and offer personalised prices based on previous purchases, particularly online. i) Name the type of price discrimination exercise in this scenario. Describe any TWO (2) criteria needed to enable a management of car dealer to apply price discrimination mentioned in (i). il) State TWO (2) advantages of using this type of price discrimination

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

On July 1, 2025, Ling Co. pays $12,400 to Marsh Insurance Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Ling Co., journalize and post the entry on July...

b) Price discrimination is the practice of charging a different price for the same good or service. A car dealer may exercise a price discrimination by looking at how a potential car buyer is...

Question 6 a) Zarif is opening another branch of his Deli Kiosk at RnR Tapah in the North-South Expressway. Zarif can run the kiosk either for 24 hours per day or only 12 hours per day. He also...

Question 1(1 point) The maximum price that a consumer is willing to pay for each unit bought is the ________ price. Question 1 options: reservation consumer surplus auction choke market Question 2(1...

stion 1 ( 1 point ) Third - degree price discrimination involves Question 1 options: charging each consumer the same two part tariff. the use of increasing block rate pricing. charging lower prices...

Please help me with whatever you can! not all questions should be answered. 1) In brand architecture, endorsed brands: Are named after the parent brand but will often be in a different category...

MT 450 Market management The Consumer and Business Market Scenario Marketing As the marketing manager of a major franchise, your job will be to perform the daily tasks of a marketing manager. Select...

Choose the Correct Option: 1. The practice of charging a different price for the same good or service. a. Pure competition b. Price discrimination c. Pricing strategy d. Non-profit strategy is...

loose the Correct Option: I. A consumer aims at maximizing his benefits from consumption, given his income and prices of goods he is assumed to be a. Ordinal b. Cardinal c. Consistent d. Rational 2....

Here is the case to analyse: Rivian Automotive, Inc. "The change over the next two decades from non-connected, combustion-powered vehicles to electric, con- nected, and increasingly autonomous...

Can you please help me solve these 10 Econ questions? I also attached the chapter just in case. Thanks so much!! :) MARKETS AND HOW THEY WORK 177 9.0 CHAPTER 9 LEARNING GOALS After reading this...

Green Apple Fruit Farms has a four-day delay in processing and clearing. The daily interest rate is 0.23%. On an average day, the firm receives $7,500 in payments. What is the company's float O a....

How could AJ Forsythe and Anthony Martin, the co-founders of iCracked, the subject of the opening feature for this chapter, have utilized library and Internet research to flesh out their business...

Describe the differences between monoclonal and polyclonal AHG reagents, including their advantages and disadvantages.

Which of Hofstedes dimensions analyzed the relationship between work and gender roles? Power distance Masculinity versus femininity Long-term orientation Time orientation 2. Hofstede's study isolated...

What are the other economic side effects of accidents?

Write a short position paper on the subject, What should we do to get all our employees to behave more safely at work?

Based on what youve seen to this point, how comprehensive would you say that the companys safety program is? What suggestions would you make for additional steps it should take?