The podcast mentions three condition for price discrimination to be used as a strategy by businesses, they are preventing resale, being perfectly competitive, and knowing specifically how much each consumer is willing to pay for your product. O market power, preventing sale, and knowing specifically how much each consumer is willing to pay for your product. O preventing resale, being perfectly competitive, and being able to identify customers that are willing to pay different amounts. O market power, preventing resale, and being able to identify customers that are willing to pay different amounts.

Q: Economics What are two positive and negative externalities that would affect an online subscription…

A: The word "externality" is derived from the Latin word "externus," which means "outside" or…

Q: For each price shown in the following table, use the given information to enter the quantity…

A: A consumer purchases a product when the price he pays is equal to or less than the willingness to…

Q: PowerPoint about Principles of Marketing

A: Market refers to the place where the buyers or sellers sell and buy goods and services at the…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: True/False: One of the advantages of saving money in banks is for safekeeping. In cases of fires,…

A: Banks refer to the financial institutions that accept deposits from the consumers and lend them to…

Q: What are the reasons for increasing and decreasing factors of supply in e-commerce?

A: Some of the factors include: Price: If the price product is high, the quantity supplied will rise…

Q: What are the typical orientation of the markets and audiences for new online media producers?

A: Market orientation often includes improvements in customer service and product support geared to…

Q: Mr. Jones sells scrapbooking materials. He charges $20 per album and sells 120 albums month at this…

A: Total revenue = Price x Quantity = PxQ

Q: How to know whether to use point elasticity or arc elasticity

A:

Q: Why would consumers knowingly buy counterfeit luxurybrands?

A: Consumers buy products that producers produce. Some products are necessities, some are for fun, some…

Q: Decision makers in companies should concern themselves with: maximizing the company's value over the…

A: Long-term value created by decisions makers helps to sustain a company for the long duration.

Q: When the price of a gallon of milk increases from $6 to $8, quantity demanded decreases to 27…

A:

Q: Each week, Bill spends exactly $20 on coffee, regardless of the price of each cup. Bill's price…

A: Elasticity of demand is the responsiveness of quantity demanded to changes in the price.

Q: Draw a graph of Pepsi company that related to the product differentiation.

A: Monopolistic competition: It has the features of both a monopoly and a perfectly competitive market.…

Q: Discuss that in this market, to what extent price is a strong and effective marketing tactic to gain…

A: In this market, the price of goods and services plays a very important role and acts as a strong and…

Q: Discuss three different possible techniques which a company can use to forecast the demand for its…

A: Demand can be forecasted using past data, using models to predict that takes various components like…

Q: How does United Airlines Company implement Social media strategy and zones?

A: The current situation of United Airlines: weakness, strengths, threats and opportunities, are…

Q: You have estimated that the price elasticity of demand for chai at your cafe is 0.9. If you lower…

A: Price elasticity of demand refers to the level with which the demand for a good or service changes…

Q: What can be used to influence and shape consumers’ intangible preferences in order to differentiate…

A: The objective of the question is to identify the strategy that can be used to influence and shape…

Q: Determine three types of businesses that would have difficulties establishing successful e-commerce…

A: The first type of businesses are small businesses like small shops. "Small businesses that focus…

Q: A Caterpillar tractor one of the largest farm machinery in the world has requested for your services…

A: Meaning of Monopoly: The term monopoly refers to the situation under which there is only an…

Q: What is a extrapolation

A: In economics there are several economic activities and events that cater to the different analyses…

Q: There are two distinct types of services that app users on the internet may use. What distinguishes…

A: The exchange of goods and services can take place in a market, which is a meeting point for parties…

Q: The price elasticity of demand for a product is 0.51. A percentage change in price is 17%. The…

A: Given data: Price elasticity of demand is 0.51 Percent change in price is 17% Initial quantity of…

Q: How do marketers use emotions in product designand advertising?

A: Emotional marketing refers to marketing and advertising that primarily uses emotional appeals to…

Q: Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase…

A: According to the question, it is said that : A graph is given that indicates the relationship…

Q: Provide an overview and description of several e-commerce strategies that can be implemented through…

A: Ecommerce, often known as electronic commerce or online commerce, is the purchasing and selling of…

Q: How might blockchain help address the problem ofspoilage and waste in the food industry?

A: A blockchain is a distributed database that is shared by computer network nodes. A blockchain, like…

Q: hat is the temperature if you hear 76 chirps per minute?

A: Chirps = 76 per min

Q: What companies have failed to adequately respond and adapt to the COVID-19 economy?

A: In some parts of the world, COVID-19 appears to be approaching endemicity.

Q: What factors might explain why various retailers can still charge different prices for the same…

A: The various factors which could affect the costs on the web even after its claim for an ideal market…

Q: Why is mobile connectivity considered a disruptivetechnology?

A: Disruptive technology: It is an advancement that altogether adjusts how customers, ventures, or…

Q: What are some strategies for protecting consumer privacy on an online e-commerce platform selling…

A: The objective of this question is to identify strategies that can be used to protect consumer…

Q: Suppose you were shown a demand curve for bananas and were asked to calculate price elasticity of…

A: The Price elasticity of demand is the measurement of  change in theconsumption of a product in…

Q: T/F There is an in inverse relationship between the market price and the market demand.

A: The total amount of an item or service that all customers are willing and able to buy at various…

Q: What was the marketing analysis for Vodafone in the UK in the 1980s?

A: Vodafone is a multinational company headquartered in London England. It is the world’s leading…