Answer:
c) Providing a discount for students and seniors.
Explanation:
Price discrimination occurs when a seller charges different prices for the same product to varying customers. It is typically employed to capitalize on consumer surplus.
When a chocolatier identifies a buyer group willing to pay less, they can focus on this demographic and provide them with a lower payment option.
In this scenario, offering discounts to students and seniors indicates that the chocolatier has recognized these groups as customers likely to purchase chocolates for less than $20.
The calculated return on investment stands at 10%. Given the stock purchased for $80 grew to four times that value over 15 years, the return was formulated using the growth rate calculation components leading to a clear estimate.
To ensure a stocking level that allows for half of the day-old cakes to be sold while the rest are discarded, an appropriate level is 5 cakes, as the shop should aim for a service level exceeding 0.4.
Answer:
Governments exercising eminent domain for public benefit.
Explanation:
The branch manager was charged due to a failure to recognize eminent domain for communal usage.
Eminent domain grants the government authority to seize private property for the benefit of the public.
The bank qualifies as a public entity, necessitating a public domain accessible to community members or for civic functions. This usage is expected to serve the public or potentially be assigned to third-party organizations.
Response:
Sam could implement several strategies, such as:
introducing loyalty programs, exploring various advertising methods, and possibly relocating his business.
Analysis:
Loyalty programs are prevalent today, allowing businesses to secure ongoing customer loyalty.
Through rewarding repeat customers for their purchases, these programs cultivate a loyal customer base, ensuring consistent buyers and preserving profit margins. In Sam's situation, he could incentivize his loyal customers with rewards, like a complimentary drink or discount vouchers.
Advertising has been a staple for businesses since their inception. Nowadays, there are various marketing avenues available; for instance, Sam could leverage social media to highlight his promotions and services, engage in "word of mouth" marketing with his customers, or even hand out flyers.
Finally, if the other tactics fail, Sam might think about relocating his stand to a location with no immediate competition.
I trust this advice will be helpful to you.
