purchase and not. It is fairly common knowledge that college students and the elderly tend to live on a tight budget as compared with middle aged adults‚ and more often than not‚ discounts like these are aimed and sometimes exclusively offered to students and the elderly. You may ask why a business would offer a discounts like these to such a large demographic‚ or how this can be profitable. Price elasticity of demand and price discrimination together are two economic concepts that can answer these
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promotion in which discount coupons were sent to customers of other National Clothing stores. Data collected for sample of 100 in-store credit card transactions at Pelican Stores during one day while the promotion was running are contained in the file named “data pelican stores. The propriety card method of payment refers to charges made using a National Clothing charge card. Customers who made a purchase using a discount coupon Customers who made a purchase but did not use a discount coupon are referred
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TITLE OF THE PROJECT “The researcher seeks to find out the purchasing procedures used at Ammars in the Purchasing Department” AIMS 1. To identify the different purchasing procedures used in the business 2. To examine how the different purchasing procedures are used to determine the best prices for stock. FUNCTIONS OF THE PURCHASES DEPARTMENT * To oversee the work of stock control. * To check goods received against delivery notes and purchase orders. * To check
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CASE STUDY RAVI SOAP FACTORY COMPANY OVERVIEW PROBLEM DEFINITION: DECLINING SALES VOLUME The company is currently experiencing declining sales volume due to a stiff competition in the market. Customers are switching brands based on television commercials. Since the arrival of cable television in the terai region in 1997 ‚the companies like HLL ‚ Nirma ‚P&G‚Tomco started advertising their products heavily. The products include both detergent powder and detergent cake. HLL was focusing
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Asked for their reactions to specific demand-shifting tactics based on revenue management‚ patrons of a restaurant in Ithaca‚ New York‚ indicated that they generally would be willing to shift their dining time to off-peak hours in exchange for discounts on menu items. Better than three-quarters of the 367 respondents agreed that they would accept an incentive for dining at an off-peak time. Specific results and conclusions are detailed below. Keywords: revenue management; pricing strategies
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Find a Discount Flight. Your Hawaiian vacation’s price tag will be largely composed of your airfare. Once you’ve decided on a time of year when you’ll go‚ start keeping tabs on airfare immediately. You should sign up with one or more online airline ticket sellers
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1. Evaluate the consequences of offering a single ticket for the concert series either in addition to‚ or in place of‚ offering the tickets for each concert separately. The primary aim here should be to maximize profit. Below table gives the Willingness –to-pay of Concert Patrons: Case 1: Only Bundling Bundle at $50- This is the maximum that the last two categories of patrons are ready to pay. Hence‚ the revenue we get is $200. Bundle at $60- Only the top two categories of patrons are ready
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The Address Hotel is a luxurious Hotel that is in the midst of the Burj Khalifa Development Area in Dubai. The five-star hotel attracts customers and tourists who want to enjoy the luxuries of Dubai and be enriched with its astounding location. The hospitality industry in Dubai is highly competitive‚ as Dubai has become the center of tourism across the world and thus‚ accommodation services are the most common services offered in this sector. Competitors focus on offering the best experiences to
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how important cash discounts are when looked into in real life. The latter compels debtors to pay on time their liabilities and when they do so‚ gaining deductions on their payables to one or several persons (their creditors). Accordingly‚ it also showcases some alternation of standards as businesspersons become more aware on how to manage or manipulate the said deductions. Like in the given situation wherein the cash discounts were still recorded though paid after the discount period where the
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assets/accounts Response: BL needs to borrow money from the bank to take benefit of the purchase discounts. During the last two years‚ BL had taken very few purchase discounts because of the shortage of funds arising from his purchase of Stark’s interest in the business and other additional investments. If Butler is able to borrow at a rate lower than the one he will be losing by not taking the purchase discount‚ he should borrow from the bank. The company is anticipating substantial increase in sales
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