Why does the strategy of pricing-to-market depend on the assumption of market segmentation?
What will be an ideal response?
Answer: Pricing-to-market means that a producer charges different prices in different markets for the same good. Clearly, this requires the markets to be segmented to prevent arbitrage in the goods market, and the producer must have some degree of monopoly power in the sense that the demand curve that it faces in each of the markets is not perfectly elastic.
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Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2 . Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000 . If the noncash assets are sold for $60,000, and both partners agree to make up any capital deficits with personal cash contributions, Partner Macki will eventually receive cash of
a. $0 b. $4,000 c. $16,000 d. $24,000
The payroll department performs all of the following except
a. prepares the payroll register b. distributes paychecks c. updates employee payroll records d. prepares paychecks
To initiate a customer relationship management cycle, a company must focus on _____
a. using big data analytics to enhance the collection of customer data b. collecting detailed information about the products and services its customers are using c. identifying profitable and unprofitable customers d. transforming customer data into information that can be used to make managerial decisions
Curtis filed a lawsuit against Ulhoff for failure to repay $1,000 according to the terms of a promissory note. The trial ended before it began, with the trial judge granting a motion for summary judgment in favor of Curtis. Ulhoff has appealed, and the Supreme Court of Iowa has remanded the case. This means
A. Curtis automatically wins because he won in the lower court. B. Ulhoff automatically wins because he lost in the lower court. C. Neither party wins because the case is being thrown out. D. We don't know who wins yet because the case is being returned to the trial court for additional steps.