today, walt disney world charges different customers different prices for admission. this pricing strategy is called
Answers
Hi there! The pricing strategy that Walt Disney World uses to charge different customers different prices for admission is called "dynamic pricing" or "price discrimination."
Price discrimination, also known as dynamic pricing, is a strategy where a company charges different prices to different customers for the same product or service. The goal of price discrimination is to maximize revenue by tailoring prices to each customer segment's willingness to pay. Companies like Walt Disney World utilize this strategy by offering various ticket prices based on factors such as demand, time of year, and customer demographics.
For example, peak season tickets may be priced higher, while off-peak or weekday tickets may be priced lower. This approach allows companies to capture a larger share of consumer surplus and optimize their revenue. By dynamically adjusting prices, companies can effectively balance supply and demand and enhance their overall profitability.
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Related Questions
Tqm (total quality management) has a heavy emphasis on decision making in cross-functional teams.
a. true
b. false
Answers
TRUE, Tqm (total quality management) has a heavy emphasis on decision-making in cross-functional teams.
Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.
Definition of Management is an individual or group of people who challenges and directs individuals or groups of people to achieve desired goals and objectives. Additionally, the definition of management includes the ability to plan, organize, supervise, and direct people.
The best definition of management relates to the best way to accomplish tasks and achieve goals by planning, organizing, staffing, directing and controlling functions or processes.
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As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes before you learn how strong demand is for homes in this large neighborhood. There is a 60 percent chance of low demand and a 40 percent chance of high demand. The corresponding (inverse) demand functions for these two scenarios are P = 300,000 – 400Q and P = 500,000 – 275Q, respectively. Your cost function is C(Q) = 140,000 + 240,000Q. How many new homes should you build, and what profits can you expect?
Answers
The number of new houses that will be built is 200 while the profit is $13860000.
From the information given, the expected demand function will be:
= 60% × (300000 - 400Q) + 40% × (500000 - 275Q)
= 380000 - 350Q
Therefore, P = 380000 - 350Q
Since profit is the difference between the revenue and cost. This will be:
= (380000 - 350Q) × Q - (140000 + 240000Q)
Therefore, maximizing the profit will be:
380000 - 350 × 2Q - 240000 = Q
Q = 200
Therefore, profit will be:
= (380000 - 350Q) × Q - (140000 + 240000Q)
= (380000 - 350 × 200) × 200 - (140000 + 240000 × 200)
= 13,860,000
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identify characteristics of notes payable that are not common to accounts payable.
Answers
Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:
Payment period Conversion Entities owedThe following are differences between notes payable and accounts payable:
Payment period - Accounts payable are to be paid in less than a year whereas Notes payable can either be less or more than a year. Conversion - Accounts Payable can be converted to a notes payable if the company is unable to pay them off in time. A Notes payable on the other hand, cannot be converted to an Accounts payable. Entities owed : Accounts payables are owed to suppliers of the company but Notes payable are owed to financial institutions.In conclusion, notes payables and accounts payables have several differences.
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make a list of profession and identify their levels
Answers
i will send you in messenger
You have decided to use the questioning technique as part of your method study. Explain to your management what the primary questioning technique is, how the sequence works and what you expect to achieve. 9 marks
Answers
The primary questioning technique I have chosen to use in our method study management is the "Five Whys" technique. This technique involves asking a series of "why" questions to get to the root cause of a problem or issue.
1) Ask the first "why": This question aims to understand the immediate cause of the problem. For example, if the problem is a machine breakdown, we would ask, "Why did the machine break down?"
2) Ask the second "why": With the answer to the first question, we delve deeper into the underlying cause of the problem. Continuing the previous example, we would ask, "Why did the machine experience that particular issue?"
3) Ask the third "why": This question explores the underlying cause behind the second answer. It helps to identify the factors that contributed to the issue. For instance, we would ask, "Why did those particular factors lead to the machine problem?"
4) Ask the fourth "why": Here, we dig even deeper into the systemic or organizational causes that contributed to the previous answers. The aim is to identify any broader issues that may be at play. For example, we would ask, "Why were those factors present in our organization or system?"
5) Ask the fifth "why": Finally, we aim to uncover the fundamental cause or root cause of the problem. This question helps us understand the ultimate reason behind the issue. Continuing the example, we would ask, "Why did the organizational or systemic factors exist in the first place?"
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The _____ is a voice for small business.
SCORE
SBDC
SBA
PLEASE HURRY 15 POINTS AND BRAINLIST TO FIRST PERSON TO ANSWER CORRECTLY
Answers
Answer:
I believe it's the SBDC but I'm not 100% sure tho
Answer:
SBA
Explanation:
its also called NFIB i think
A job may help you provide for survival, or it may help you provide for enjoyment. Which of the following expenses is an example of a survival need?
Answers
Answer:
C. Paying rent for your family's apartment
Explanation:
its called common sense
Answer:
C. Paying rent for your family's apartment
Explanation:
What types of procedures in schools could benefit from TQM? If students are regularly late for classes, how can the school use TQM tools to help solve the problem?
Answers
SO THE ANSWER FOR THE TWM IS
393
Isaiah has the opportunity to participate in a work-study program at college. If he participates, how might this benefit him?
He can earn college credit for each hour that he works.
He will get the chance to meet with experts who work in his chosen career field.
He will have the ability to study while at his job on campus.
He will work a part-time job on campus to help pay for his tuition.
Answers
Answer :He can earn college credit for each hour that he works.
Explanation:
It would help him because he wouldn't have to pay for the credits
This is my last question plzzzz get it right
Museum curators are in a tourism career.
A. True
B. False
Answers
Answer:
false
Explanation:
Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time of the sale?
Answers
Answer:
$24
Explanation:
500 * 18 = $9000 worth of stock initially.
She sells with a $3000 gain, which means the value of the stock is $12000
12000/500 = $24
A person with a diversified investment portfobo has
Answers
Instead of placing all of their money into one investment, a person with a diversified investment portfolio has spread their money across a variety of various asset classes and securities.
Importance of diversified investment portfolioA person with a diversified investment portfolio has invested their money across a range of different asset classes and securities, rather than putting all of their money into a single investment. The idea behind diversification is to reduce risk by spreading investments across different categories, so that a loss in one area is offset by gains in others.
For example, a diversified investment portfolio may include a mix of stocks, bonds, real estate, and commodities such as gold or oil. Within each category, the investor may also hold a range of different securities, such as stocks from different industries or bonds with varying levels of risk.
By diversifying their investments, an investor can potentially reduce their exposure to risks such as market volatility, economic downturns, or company-specific issues. This approach can help to protect their investment portfolio from significant losses and can potentially increase returns over the long term.
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Describe the difference between a debit card and a credit card. List an advantage and
disadvantage for each card.
Answers
Answer:
When using a debit card, the cost of your purchase will be deducted from your checking account in real time. On the other hand, when you use a credit card the amount will be charged to your line of credit. Which means you will pay the bill at a later time. An advantage of using a debit card is that you can avoid getting into debt or lower your chances. Since you are paying real time, this can help you stay under your budget. A disadvantage for using a debit card is that it doesn’t improve your credit score. For Credit cards, an advantage is that you will have more time to pay. This means that you have a grace period in which you can gather up money to pay. But, a big disadvantage of credit cards is that you can end up overspending. Now, you can avoid this by being smart but you never know. Since you have time to pay, you can end up overspending.
Explanation:
Answer:
When using a debit card, the cost of your purchase will be deducted from your checking account in real time. On the other hand, when you use a credit card the amount will be charged to your line of credit. Which means you will pay the bill at a later time. An advantage of using a debit card is that you can avoid getting into debt or lower your chances. Since you are paying real time, this can help you stay under your budget. A disadvantage for using a debit card is that it doesn’t improve your credit score. For Credit cards, an advantage is that you will have more time to pay. This means that you have a grace period in which you can gather up money to pay. But, a big disadvantage of credit cards is that you can end up overspending. Now, you can avoid this by being smart but you never know. Since you have time to pay, you can end up overspending.
Explanation:
Weston makes uniforms and overalls for employees in any industry where there is a risk of fire injury. It uses fabric from Indie Fabric Co. for all of the uniforms it manufactures. If there is a decrease in the demand for products in the chemical industry, then there will be a decrease in employment in that industry. This will lead to a decrease in the demand for Weston's uniforms. Since fewer uniforms will be needed, the sales for Indie Fabric will decrease. This is an example of:
Answers
Answer:
Derived Demand
Explanation:
Derived demand refers to a demand for an intermediate good or factor of production with respect to the demand for another intermediate good or factor of production.
In the given example, there will be a decrease in the demand for Weston's uniforms with a decrease in employment in that industry.
As a result, the sales for Indie Fabric will also decrease.
This is an example of Derived Demand.
I will give the right answer brainliest. Choose the option that best matches the description given.
_____ try to influence legislation and help human services organizations to achieve their goals.
1. Legislative aides
2. Lobbyists
3. Lawyers
Answers
Answer:
2. Lobbyists
Explanation:
A lobbyist is any individual or a group of individuals who communicates directly or indirectly with others to influence or attempt to influence the drafting, debate, vote, approval, or introduction of some legislation. In this context, a lobbyist may be a legislator trying to influence fellow legislators or any person who communicates with a legislator to advocate and promote the desires of human services organizations.
Answer:
Lobbyists
Explanation:
What is the difference between productive and service oriented professions Explain with examples
Answers
Answer:
Explanation:
Product vs Service Business
While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.
Local or Global Consumer Markets
In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.
pl. make it as brainliest if it's helpful to you...!!
1. Please describe the five conflict handling modes as set forth in the Thomas-Kilman Conflict Mode Instrument. In doing so, please be sure to discuss the ramifications of underusing and overusing each.
2. Please describe and distinguish between the following alternative/appropriate dispute resolution methodologies: mediation, fact-finding, arbitration
3. Please describe and distinguish between the three models of mediation
Answers
The five conflict handling modes in the Thomas-Kilman Conflict Mode Instrument are: competing, collaborating, compromising, avoiding, and accommodating.
The Thomas-Kilman Conflict Mode Instrument identifies five primary modes for handling conflicts. Each mode represents a different approach to resolving disputes, and they have varying implications when underused or overused.
Competing: This mode reflects a high assertiveness and low cooperation level. It involves a win-lose mentality, where one party seeks to satisfy their own interests at the expense of the other. Underusing this mode can result in missed opportunities for collaboration and cooperation. Overusing it can lead to damaged relationships and decreased trust.
Collaborating: This mode emphasizes high assertiveness and high cooperation. It involves actively seeking mutually beneficial solutions by integrating the concerns and perspectives of all parties involved. Underusing collaboration may hinder creative problem-solving and limit the exploration of innovative solutions. Overusing it can prolong the decision-making process and potentially create dependence on collaboration for even minor issues.
Compromising: This mode aims for a moderate level of assertiveness and cooperation. It involves finding a middle ground through concessions from all parties. Underusing compromise can lead to stalemates and unresolved conflicts. Overusing it may result in settling for suboptimal solutions, where important needs and interests are not fully addressed.
Avoiding: This mode reflects low assertiveness and low cooperation. It involves sidestepping or evading conflicts altogether, often due to a desire to maintain harmony or avoid confrontation. Underusing avoidance can lead to unresolved conflicts and festering tensions. Overusing it can create a culture of avoidance, where issues are never addressed, and problems accumulate over time.
Accommodating: This mode represents low assertiveness and high cooperation. It involves prioritizing the needs and interests of others over one's own. Underusing accommodation may lead to missed opportunities for asserting one's own needs and interests. Overusing it can result in personal dissatisfaction and exploitation by others.
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Rollins Company accumulates the following adjustment data at December 31 . (a) Service revenue eamed but unbilled totals $600. (b) Store supplies of $300 are on hand. Supplies account shows $1,900 balance. (c) Utility expenses of $275 are unpaid. (d) Service revenue of $490 collected in advance has been eamed. (e) Salaries of $800 are unpaid. (f) Prepaid insurance totaling $400 has expired. Instructions (a) Prepare journal entries for each of the events above. (b) Indicate the type of adjustment (prepaid expense, uneamed revenue, accrued revenue, or accrued expense). Problem 3. In its first year of Operations Buddy Company earned $28,000 in service revenue, $6,000 of which was on account and still outstanding at year-end. The remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500. Of these expenses $13,000 were paid in cash; $1,500 was still owed on account at year-end. In addition, Buddy prepaid $3,600 for insurance coverage that would not be used until the second year of Operations. Instructions (a) Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting. (b) Which basis of accounting (cash or accrual) provides more useful information for decision makers?
Answers
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
Accrual basis of accounting provides more useful information for decision makers.
Journal entries for the events above are as follows:
(a) Debit: Service Revenue Accounts Receivable $600 Credit: $600
(b) Debit: Supplies Expense Supplies $300 Credit: $300
(c) Debit: Utility Expense Accounts Payable $275 Credit: $275
(d) Debit: Unearned Service Revenue Service Revenue $490 Credit: $490
(e) Debit: Salaries Expense Salaries Payable $800 Credit: $800
(f) Debit: Insurance Expense Prepaid Insurance $400 Credit: $400
The types of adjustments are as follows:
(a) Unearned revenue
(b) Prepaid expense
(c) Accrued expense
(d) Accrued revenue
(e) Accrued expense
(f) Prepaid expense
In its first year of operations, Buddy Company earned $28,000 in service revenue. $6,000 of the revenue was on account and still outstanding at year-end, while the remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500, with $13,000 paid in cash and $1,500 still owed on account at year-end. Additionally, Buddy prepaid $3,600 for insurance coverage that would be used in the second year.
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
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discuss the economic effects of the vietnam war, and explain how its costs are still affecting the united states today.
Answers
The Vietnam War costed an estimate of roughly $1 trillion in United State's war effort. Even today American government spends more than $20 billion every year on ongoing payments to veterans and their families. The US industry dwindled due to increased military spending and declining consumer goods.
The US war on Vietnam a greatest blunder in US economic policy since second world war, whose effects haven't been entirely eliminated.
With the economy operating at full steam, as an initial consequence of the war, graph of budget deficit showed a sudden rise, reaching to the height of $23‐billion in 1968. Thus, Inflation began haunting the US economy.
Today, decades after the war ended, the American people remain deeply confused over the real cause of conflict. According to a research, 53 percent of those surveyed believe the war was "a well intentioned mistake," while 43 percent believe it was "fundamentally wrong and immoral.
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Which court hears witnesses and receives evidence?
O Appellate court
O Supreme Court
O All of these answers
O Trial court
Mickey entered into a contract with Goofy for Goofy to supply apples for Mickey's apple juice business. Both parties are from
California and the contract was signed in California. Goofy got confused and supplied oranges on the agreed date and time. This
cause Mickey to lose approximately $2.5 million. Mickey sued Goofy in Los Angeles Superior Court in the state of California. The
law in California is clear but there are different laws in Oregon, Washington and Arizona. Which of the following is true:
O The judge can follow Oregon law based on a appellate case even though it conflicts with California law.
O The judge may follow any state law that the court deems is fair in their discretion.
O The judge must follow California law that is based on a California Supreme court case which conflicts with a Arizona Supreme court case
O The judge must follow a Washington Supreme court case which conflicts with California law.
Answers
In the given scenario, the judge in the Los Angeles Superior Court must follow California law based on a California Supreme Court case, even if it conflicts with laws from other states like Oregon, Washington, or Arizona.
When a lawsuit is filed in a particular state, the court generally applies the laws of that state to resolve the dispute. In this case, the contract was signed and the lawsuit was filed in California. Therefore, the judge must adhere to California law, which is based on a California Supreme Court case.
Even if there are conflicting laws in other states like Oregon, Washington, or Arizona, those laws do not have jurisdiction over the case being heard in California. The judge is bound by California law and must make decisions based on the legal principles and precedents established within the state. Therefore, the judge cannot follow laws from other states or choose any state law at their discretion. They are obligated to follow California law, even if it conflicts with laws from other jurisdictions.
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Woodsmith magazine gave instructions on how to build a pine cupboard. Lumber will be needed for two shelves 1134 inches long, two base sides 1112 inches long, and two door stiles 2918 inches long. Your lumber comes in 6 foot lengths. A. How many feet of lumber will you need? (Enter your fraction in lowest terms.)
Answers
Answer:
Hi there!
You'll need 860.67 feet of lumber.
Explanation:
First we calculate the needs of lumber in inches
Shelves: 2 x 1,134 = 2,268 inches
Base Sides: 2 x 1,112 = 2,224 inches
Door stiles: 2 x 2,918 = 5,836 inches
Total inches long of lumber needed:
2,268 + 2,224 + 5,836 = 10,328 inches
Then we convert the unit of measure from inches to feet:
One inch equals 0.08333 feet.
10,328 x 0.08333 = 860.67 feet
QUESTION 8 of 10: In a percentage lease, the landlord receives a
a) Assets
b) Expenses
c) Accounts payable
O d) Revenue
Submit
Answers
Answer:
d)revenue
Explanation:
the landlord receives a percentage of revenue earned from any business in addition to the base rent.
In a percentage lease, the landlord receives a revenue. Option d is correct.
What is percentage lease?A percentage lease is defined as one in which the tenant pays a base rent plus a percentage of any money generated while operating a company on the rental property.
A percentage lease pays the landlord a percentage of any business's revenue in addition to the base rent.
In comparison to a standard lease, the base rent is usually lower. The lower base rent is balanced out by the higher upside potential of a percentage lease.
Therefore, option d is correct.
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four countries in southeast asia agree to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and the factors of production among each other. what is this type of agreement called? g
Answers
As 4 countries in Southeast Asia agrees to reduce and ultimately remove tariff & non-tariff barriers to the free flow of goods, services and the factors of production among each other, this type of agreement is called a regional economic integration.
What is an economic integration?Basically, an economic integration refers to a process in which two or more states in a broadly defined geographic area reduce a range of trade barriers to advance or protect a set of economic goals. It is sometimes referred to as regional integration as it often occurs among neighboring nations.
Furthermore, an economic integration could also means an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. A typical economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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In testing inventory at an audit client in the retail industry, you note that some of the inventory is contracted to be held on consignment. As a result, which financial statement assertion is now relevant ?
a. Rights and obligations.
b. Completeness.
c. Existence or occurrence.
d. Valuation or allocation.
Answers
When inventory is tested with audit customers in the retail industry, we find that some of the inventory is contractually consigned. This means that a) rights and obligations settlement enforcement is now relevant as well.
Rights and obligations are the basic statements used in the preparation of financial statements to show that an organization has ownership over its stated assets and is obligated to pay its stated liabilities. For example, you can demand the right to have children or the right to make decisions about your children's education. An attendant duty is to properly educate them as good citizens, introduce them to the culture of their society, and teach them right and wrong. A right is what you want others to do to you, and a duty is what you ought to do for others.
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Which one of the following business stakeholder groups can exert pressure on a business by imposing stricter credit terms, or by refusing to grant further credit?
A. D suppliers B. customers C. shareholders D. pressure groups
Answers
Answer:
A. D suppliers
Explanation:
Suppliers are traders who sell materials and other items to a business. Suppliers are stakeholders in any company that they supplier products or services. They have commercial interests as creditors to the company.
Because suppliers are the one's who sell to a business of credit, they are the only ones who can impose credit terms on the business. Suppliers may also relax the credit terms or deny the business credit facilities depending on their risk assessment of the company.
What is the minimum amount they would have saved if they paid cash? (hint: think about their original intended purchase) Please explain how you calculated your answer
Answers
First, we need to determine the cost of the original intended purchase. This is the amount that would have been paid if no changes were made to the planned transaction. Let's call this amount "A."
Next, we need to know the actual amount paid when using cash. This is the sum that was paid after considering any discounts or price reductions for using cash as the payment method. Let's call this amount "B."
To find the minimum amount saved by paying in cash, we will subtract the actual amount paid (B) from the original intended purchase amount (A). In other words:
Minimum amount saved = A - B
Keep in mind that this calculation assumes there were no additional costs or fees associated with using cash. By understanding the difference between the original intended purchase amount and the actual amount paid when using cash, we can effectively determine the minimum amount saved through this payment method.
In summary, to calculate the minimum amount saved when paying in cash, subtract the actual amount paid (B) from the original intended purchase amount (A). This will give you the minimum savings achieved by choosing to pay with cash instead of another payment method.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next
Answers
Answer:
Explanation
Answer will be
C
Salary Account Debit
Cash Account Credit
The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment should the accountant make?
A.
Accounts receivable will be debited by $7,200.
B.
Accounts payable will be debited by $7,200.
C.
Accounts receivable will be credited by $7,200.
D.
Accounts payable will be credited by $7,200.
Answers
Answer:
C. Accounts receivable will be credited by $7,200
Explanation:
Accounts receivable are expected payments from customers. They exist because businesses sell goods and services to customers on credit. Account receivables are asset accounts. An increase in assets accounts is debited, and a decrease is credited.
If the banks received payment from a customer, it means a customer has paid for goods sold on credit. Accounts receivable have decreased ( to be credited), but cash in the bank has increased.