Economics
Not what you're looking for?
1. What types of costs might justify charging different prices for the same products/services? Do you have any real-world examples of products/services that are sold at more than one price because of cost differences?
2. What comments, questions, and real-world do you have of price discrimination in global markets?
Purchase this Solution
Solution Summary
This solution discussed types of costs and price discrimination as well as examples.
Solution Preview
1. What types of costs might justify charging different prices for the same products/services? Do you have any real-world examples of products/services that are sold at more than one price because of cost differences?
A number of costs are worth considering when it comes to justifying charging different prices for the same producs/services. These include that of technology upkeep, such as that of software and hardware prices in order to sell these to those who are buying computers or phones. For example, a person may notice that rugs, pop, curtains, bed sheets, quilts and so forth are sold differently. Sprite may cost $1.48 at one location, while at another store it is $1.25. This is true of bed sheets. At one store, this is most likely $20.00, but at the other place it is $40.00. Anyone who sees this will immediately notice that it does pay to shop around in order to get the correct price that is affordable for the consumer. Salons offer different prices when it comes to hair cuts. One place is $15, while at another it is $40. Regardless, this is dependent on how well a person is treated and how much he or she is willing to pay.
2. What comments, questions, and real-world do you have of price discrimination in global markets?
I have much to say in regards ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)