If an established bowling alley offers extreme promotions (for example, three free games every day) for the purpose of running a new competitor out of town and out of business, the established bowling alley is practicing.
The established bowling alley is practicing predatory pricing.
Predatory pricing is a strategy where a product or service is set at a very low price with the intention of driving competitors out of the market, or to create a barrier for new competitors to enter the market. In this case, the established bowling alley is offering extreme promotions (three free games a day) which could potentially run a new competitor out of business.
This is how it works: because the established bowling alley is well-established, it likely has a larger resource base and can afford to take the loss that comes with offering free or extremely cheap services. A new competitor, however, would not have the same level of resources and could not afford to offer similar promotions without suffering financially. As a result, customers are likely to go to the established bowling alley for the great promotions, leaving the new competitor with fewer customers and less revenue.
It’s worth noting that while this strategy may be advantageous for the established bowling alley in the short term, predatory pricing is generally considered an unethical and anti-competitive practice and may be illegal in many jurisdictions.
Price fixing, price discrimination, and discount pricing do not fit in this situation. Price fixing is an agreement among competitors to keep prices at a certain level, price discrimination involves selling the same product at different prices to different buyers, and discount pricing is simply a strategy where items are sold at a reduced price - none of these describe what the bowling alley is doing accurately.
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Fair Credit Reporting Act was brought into action to lay governance on the credit bureaus regarding their consumers' credit information. The act presents the rules and regulations to be followed to obtain and present the credit details of the consumers. Also, it looks over the manner in which the details are shared with the consumers and others for various other purposes.
According to the given excerpt, the Fair Credit Reporting Act allows Carlos to take an action in case of any error found in his credit report.
Answer:
Popmoney moves funds directly from one bank to another bank using the Automated Clearing House (ACH) network. Unlike other forms of payment (like PayPal or Venmo), you don’t have a Popmoney account that holds any balance the money is always in the sender or recipient’s bank account. Payments can be made to an individual using their email address or mobile number.
In a marketing-oriented firm, every department's activities are guided by what customers need and what the firm can deliver at a profit.
Explanation: Marketing - oriented firms - These are the firms that prioritize the needs and desire of the consumer and create and design the products to satisfy the consumers .
The strategy of these firms is to focus on establishing the main selling points in order to promote the existing products other than manufacturing completely new products . It is a customer - centered method for the development of the product .
Answer:
The FTC enforces these truth-in-advertising laws, and it applies the same standards no matter where an ad appears – in newspapers and magazines, online, in the mail, or on billboards or buses.
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust enforcement with the Department of Justice Antitrust Division.
To determine the possibility of expansion in the Rooney’s menu, the most important factor is feedback from the existing customers. Being a marketing consultant both internal and external factors must be considered. Internal factors - company's internal available resources such as fund, employees etc. Capabilities and strategies.
External aspect is environmental context competitor's customer wants, needs and potentials.
The correct answer to this open question is the following.
Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.
Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.
The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.
Yes, she could be her own boss. She could use a sole proprietorship , also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work "alone"—it is possible for the sole trader to employ other people.
Assuming Dante earned 72.50 per week multiply 50 weeks is equal to 3625 yearly. It can be his employer deducted 500 federal tax as he earns low and doesn't need to pay tax so he can claim it by filing for refund.
1. Frequent flyer programs are nothing but while booking an online flight you just need to sign up so that the chances of earning reward points could be high
2. The ticket kiosks refer to the self service in which you can purchase the tickets related to the entertainment
3. E-ticketing is online ticketing which you can store online instead of keeping it with you in a paper form
These are valuable examples but there are no longer rare
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