Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 14, Problem 3CT
Summary Introduction
To think critically about: The way to use the psychological pricing when pricing the menu at HG.
Introduction: Psychological pricing are the pricing strategy that is used to make the product look less expensive then it is actually.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
How does the research fulfill the requirement and integrate a Christian worldview?
What are the research concepts of Potential Research Locations and biblical perspective?
What is the Potential Research Location and where the qualitative single case study could be conducted?
Please anwer question
Develop a high-level or summary: Human Resource Management Plan
What is a good response to this post?
For this discussion, I'll share a strategy that our company implemented several years ago. It was a significant undertaking, and I remember it well. Our company was going to upgrade our Automated Teller Machine (ATM) to an Interactive Teller Machine (ITM). However, this meant we had to change debit card processors to accomplish this. Changing debit card processors meant a disruption in services for our members as we transitioned from one company to the next. This transition meant that on the day of the transition, the old cards would no longer work, and members would need to start using the new cards they had received in the mail weeks prior.
Our goal was to manage this transition as smoothly as possible. Our goal fits with the realities of the external environment and resources only to an extent. We had resources like mailing letters, advertising the change on the mobile app, online banking, and in-branch brochures on completing the transition…
Chapter 14 Solutions
Understanding Business
Ch. 14.1 - Prob. 14.1AQCh. 14.2 - Prob. 14.2AQCh. 14.2 - Prob. 14.2BQCh. 14.2 - Prob. 1TPCh. 14.2 - Prob. 2TPCh. 14.2 - Prob. 3TPCh. 14.2 - Prob. 4TPCh. 14.3 - Prob. 14.3AQCh. 14.3 - Prob. 1MEDCh. 14.4 - Prob. 5TP
Ch. 14.4 - Prob. 6TPCh. 14.4 - Prob. 7TPCh. 14.4 - Prob. 8TPCh. 14.5 - Prob. 14.5AQCh. 14.6 - Prob. 9TPCh. 14.6 - Prob. 10TPCh. 14.6 - Prob. 11TPCh. 14.6 - Prob. 12TPCh. 14.7 - Prob. 14.7AQCh. 14.7 - Prob. 14.7BQCh. 14.7 - Prob. 13TPCh. 14.7 - Prob. 14TPCh. 14.7 - Prob. 15TPCh. 14 - Prob. 1CECh. 14 - Prob. 3CECh. 14 - Prob. 4CECh. 14 - Prob. 1CTCh. 14 - Prob. 2CTCh. 14 - Prob. 3CTCh. 14 - Prob. 4CTCh. 14 - Prob. 1DCSCh. 14 - Prob. 2DCSCh. 14 - Prob. 3DCSCh. 14 - Prob. 4DCSCh. 14 - Prob. 1PPTCh. 14 - Prob. 2PPTCh. 14 - Prob. 3PPTCh. 14 - Prob. 4PPTCh. 14 - Prob. 1VCCh. 14 - Prob. 2VCCh. 14 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Discuss 4 interesting KEY POINTS about the Critical Success Factors Between BPM and BPAarrow_forwardoutline the process of data anaysis using thematic analysis for qualitative research methodarrow_forwardList four disadvantages of good communication in the work place. Give one reference with your answer.arrow_forward
- Sometimes, negotiations break down because negotiators have different beliefs, views, or forecasts that cannot be resolved. Why type of strategy may be useful for leveraging these differences and crafting deals in these types of situations? Group of answer choices A. A contract in which a third party bears the risk for a future event B. A contract in which the outcomes depend on the realization of some future event C. A contract in which there is lots of room is left for ambiguity D. A contract in which both parties are confident of a positive outcome in any turn of eventsarrow_forwardYou’ve reached out to Human Resources nearly 3 months ago asking for a compensation review after completing your Masters degree. Now your responsibilities are going to increase as a team member has decided to transfer departments, leaving your department short staffed. How do you respond to human resources not answering your getting back to you? Do you tell them you are considering leaving your position due to the circumstances?arrow_forwardWhat is a good response to this post? A few years ago, I was working at a third-party delivery service provider for Amazon and I was tasked with streamlining our company’s employee onboarding process. My goal was to reduce the average onboarding time from 15 full work days to 7 full work days without increasing costs or diminishing training experience. The challenge was aligning our limited resources—a small team and existing tools—with this ambitious objective while meeting customer expectations for a smooth and informative experience. To begin, I assessed the overall environment, specifically the training experience our new employees had with onboarding and driver training within our industry. It became clear that many competitors were already shifting towards faster, more user-friendly onboarding processes. Internally, I mapped out our resources, identifying inefficiencies in our current workflows as the primary bottleneck. Armed with this analysis, I strategized a plan to automate…arrow_forward
- What is a good response to this post? The organization I’ve chosen is Amazon, and the legal risks it faces as it expands into the Swedish e-commerce market. Sweden has a highly unionized workforce with robust labor protections. Amazon’s traditional labor practices have faced criticism and conflicts with Swedish norms, leading to disputes with labor unions. Amazon has been accused of interfering with workers’ right to unionize, including allegations of intimidation, retaliation, and surveillance (Albuquerque, 2024). Amazon upholds principles and has established “Amazon’s Global Human Rights Principles,” which outline its commitment to respecting the human rights of all workers and creating a safe, inclusive, and respectful workplace. However, shareholders believe that these principles can be achieved without unionization and claim that a significant portion of workers rejected union efforts. Amazon is an American business deeply rooted in American culture and might not be the best fit…arrow_forwardWhat is a good respponse to this statement? I have chosen Starbucks in Australia for this discussion. Looking into this company you find it almost everywhere in the world with almost ease except in Australia. This is due to the economic risk it is to expand there. Australia is known to love coffee and has overall grown to having a huge industry there so in the companies' thoughts it should do well. However, Starbucks tends to make sweeter drinks at a higher cost compared to the local cafes. Australians also tend to favor the small local cafes in support of small businesses. This caused Starbucks to close most of their locations due to them growing to quickly in the amount stores they had to their overall popularity.arrow_forwardWhat is a good response to this statement? I have chosen Starbucks in Australia for this discussion. Looking into this company you find it almost everywhere in the world with almost ease except in Australia. This is due to the economic risk it is to expand there. Australia is known to love coffee and has overall grown to having a huge industry there so in the companies' thoughts it should do well. However, Starbucks tends to make sweeter drinks at a higher cost compared to the local cafes. Australians also tend to favor the small local cafes in support of small businesses. This caused Starbucks to close most of their locations due to them growing to quickly in the amount stores they had to their overall popularity.arrow_forward
- 1. What are the advantages/ disadvantages of good communication in the workplace. Give one reference with your answer. 2. Give Two scenarios/examples where good communication can enhance productivity in the workplace. 3. Which type of communication should be used in the workplace and why. Provide one reference with your answer.arrow_forward1. Define good communication as it relates to the workplace and why is it vital among employees. Provide one reference with your answer. 2. Give five ways as to how good communication promotes productivity and efficency in the workplace. Give examples and provide one reference with your answer. 3. List ways good communication can be maintained with in the workplace. Give one reference with your answer.arrow_forward1. Define good communication as it relates to the workplace and why is it vital among employees. Provide one reference with your answer. 2. Give five ways as to how good communication promotes productivity and efficency in the workplace. Give examples and provide one reference with your answer. 3. List ways good communication can be maintained with in the workplace. Give one reference with your answer.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing