Chapter 8 1. Question #1, page 189 in text By allowing student to pick and choose between prices, they will pick price will below their reservation price and university cannot get to their surplus. For example, sleepers will have a consumer surplus of $2,500 when they buy the dorm room by $3,000. The eaters will have consumer surplus of $ 3,500 when they buy the meal plan by $2,500. The best price to consume the maximum consumer surplus and get the highest revenue is to charge a total of $8,000 for a both dorm room and meal plan.
Workstation & Cartridges Anagene’s first major product was their proprietary platform technology that included the workstation, a loader, a reader, and a disposable cartridge that contained the company’s proprietary microchip. The workstation was priced to be sold at $160,000 and the intent was to sell as many workstation as possible, to promote the sales of disposable cartridges. These disposable cartridges were priced at $150. The cartridges were designed for single use for more accurate results. It was expected that the sales of these cartridges will be the revenue generator for the company.
According to this unique strategy the company is considering the option of arranging a nationwide competition through FightWare, which will cost them about $25,000. This competition is likely to generate the buzz and excitement surrounding the software, which is already in the market and being used on the basis of monthly subscriptions. Thus the main decision with the company is whether to outsource the competition or to arrange it in-house with the help of networking partners. Alternatives: Basically there are three alternatives in front of the company. Firstly they can simply outsource the competition to FightWare and pay them the sum of $25,000.
Lee University spent $7,000,000 on instruction alone, which constitutes approximately 40.8% of all expenses incurred by Lee University. Research ranks second, with $4,500,000 invested, or approximately 26.2% of total expenses. Together, research and instruction accounts for 67% of total expenses incurred at the University. Additionally, student services constitute total expenses of $150,000, so altogether $11,650,000 was spent directly on instruction, research, and direct student support. This totals 67.9% of total expenditures.
The system can work on a three tier level at first launch. I will provide you an example and for this I will call the levels Beginner, Advanced Shopper and Super Shopper. The Beginner will gain 1 point for every dollar spent in the store. When the customer reaches $1500 spent in the store, we can promote them to the Advanced Shopper level where they can earn 1.5 points for every dollar spent. And finally, once they reach $3,000 we can promote them to the Super Shopper level where they will earn 2 points for every dollar spent in the store.
MAN 105-01 September 25th, 2014 Question 1: How has an understanding of consumer behavior helped Groupon grow from 400 subscribers in Chicago in 2008 to 60 million subscribers in 40 countries today? According to the article from the textbook, Groupon consumer generally follow the same purchase decision process: problem recognition, information search, alternative evaluation, purchase decision, and postpurchase behavior. All those purchase decision process influence by psychological, sociocultural, and situational factors. Groupon created a double win situation: consumer receive an exceptional value on discount, the merchant gain some new customers without spending extra money on doing advertising, and Groupon generates revenue. Question 2: What is the Groupon Promise?
Question: (TCO 4) Winner argues that some technologies have become so fully integrated in our society that they have actually taken on social roles. An example of this would be Question: (TCO 8) The most culturally influential class in Industrial Britain was Question: Which of the following is considered a scholarly resource? Question: (TCO 12) Bill Joy compares the threat of self-replicating nanotechnology with Question: (TCO 12) The term nanotechnology was first used to refer to Page 2 Question: You must complete all three essays. These essays are worth 50 points each, so please take the time to think through your answers and review them before submitting. These essays should be a minimum of five paragraphs in length each.
Thus, the credit allowed is $760 (20% $3,800). pp. 12-20 and 12-21 40. a. Bernadette is eligible to take the American Opportunity credit for her son’s tuition costs and books, and the lifetime learning credit for the tuition expenses for her continuing professional education seminars. The costs for books incurred by Bernadette are ineligible for the credit. As Bernadette’s AGI ($103,000) is less than $160,000, Bernadette qualifies for a $2,500 American Opportunity credit.
To obtain solely a Bachelor’s Degree with four (4) years of college will cost roughly $37,864.16, and a Master’s Degree with six (6) years of college will cost approximately $58,696.24 (all calculations are complied of tuition costs and bookstore fees). Just for a Master’s Degree, a college education would cost over fifty thousand (50,000) dollars, with that price all the acquired scholarships’ obtained in high school would be complied, configured, and applied to any and all necessary fees or dues. All scholarships’ that had been acquired were: The Coca-Cola Scholarship with a value of $25,000.00, The Toyota Community Scholar’s Award valued at 14,500.00, an FCCLA Scholarship at $1,500.00, and finally The Best Buy Scholarship at $22,000.00. Finally totaling all scholarships the funds available for college would be approximately $63,000.00, for six (6) years attending the University of Maryland, the entire college fees for books, housing (room & board), tuition, transportation, and entertainment could be paid for in full, without the need for loans and high interest. After acquiring a Master’s Degree, a trip home and an application later, there will be a new police officer in the local law enforcement agency.
Groupon Case Study 1. How has an understanding of consumer behavior helped Groupon grow from 400 subscribers in Chicago in 2008 to 60 million subscribers in 40 countries today? Answer: By developing the concept of making offers that are only carried out if enough people commit to participate in them. Goupon figured out that people were looking for simplicity in purchasing deals. They determined what people wanted and that they would purchase.