that the price Mediquip was proposing was not very attractive and his offer was “much above the rest” of the offers‚ especially those from Sigma and FNC. The main reason why Mediquip lost the bid is because the sales engineer focused on the technology itself and the technical specs of the CT scanner to explain why the price was relatively high‚ instead of working out a convenient price with the Hospital managers. The salesman was given “a second chance” to be more convincing and lower the price since
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English 1023---M02 28 October 2012 Gas Prices Today‚ gas price as a national average have risen to 2.1 dollars per gallon. This is the highest gas price increase since 1990‚ during operation desert storm. What is the cause of this drastic increase in gas prices? Limited supply of crude oil from the Middle East some say. Others think the cause is high trade tariffs on incoming foreign oil. But what is the solution to this problem? Is it drilling in our national wildlife reserves in Alaska? Dropping
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Price Differentiation vs. Price Discrimination Price differentiation and price discrimination: two terms used in Marketing and Economy. First of all‚ it is appropriate to make an accurate definition for both of the terms. Price differentiation is a pricing strategy that “charges different segments of customers altered prices for the same products or services.” Likewise‚ we can meet with the same definition if we look for price discrimination definition. Then‚ is there a difference between price
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whereas other people feel like students should not be paid but rather should always do their best. Paying students would help more to try their best and should be done.’ The first reason why students should be paid for good grades or test scores is because it makes students want to do better in school:” Facts have shown paying students for good grades or good test makes students want to work harder.” Paying students for their good test scores makes them want to do better and when they do‚ do good it
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Low paying jobs People who work in low paying jobs are usually in most instances people who did not complete their high education to tertiary so opt for lower paying jobs to obtain income to fend for themselves. This means that they are now at higher risk of living poor lives especially if they have more expenses than necessary like maybe having to buy tobacco which they are addicted to in some cases. We then look at if people with low paying jobs who smoke have any intentions to quit smoking because
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Lecture 5: PRICE AND PLACE Price: - Define the pricing concept and explain different pricing methods ( cost oriented‚ competitor oriented and market oriented pricing) -Explain pricing strategies for new products( market penetration and market skimming) AND existing products. ( Understand condition and when we can use it) -Consider ethical issue in pricing ( don’t think it will be on the exam) PLACE: Define place(distripution) concept and explain the role of intermediaries in distribution
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R. Preston McAfee‚ Price Discrimination‚ in 1 ISSUES IN COMPETITION LAW AND POLICY 465 (ABA Section of Antitrust Law 2008) Chapter 20 _________________________ PRICE DISCRIMINATION R. Preston McAfee* This chapter sets out the rationale for price discrimination and discusses the two major forms of price discrimination. It then considers the welfare effects and antitrust implications of price discrimination. 1. Introduction The Web site of computer manufacturer Dell asks prospective buyers
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Paying College Athletes Every single year‚ thousands of student athletes across the United States sign the National Collegiate Athletic Association’s Form 08-3a‚ the “Student Athlete” form‚ which defers their right to receive payment for the use of their name and image (McCann). This form categorizes student athletes as amateurs who are not allowed to earn any sort of payment for playing their sports. Student athletes cannot ever earn one single penny from their college athletic careers‚ yet their
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Price controls are usually justified as a way to help consumers‚ but those who advocate them often ignore their incentive effects. Consider‚ for example‚ rent controls‚ a popular form of a price ceiling. If the demand curve and the short-run supply curves are inelastic‚ then a sizable drop in rents may result in a very small shortage. The benefits to consumers (lower prices) will‚ in the judgment of most‚ clearly outweigh the costs to consumers (less housing). Further‚ the short-run supply of housing
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Paying College Athletes Everyone has their own opinion on whether or not college athletes should be paid. College athletes are athletes who come straight out of high school to play at a higher level of competition in college. These athletes are expected to perform like they are in the pro-league. Although expectations are high for college athletes‚ they should not be paid to play the sport they chose to play. Most athletes have known that they wanted to advanced to the next level of athletics since
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