The Following Table Summarizes Six Potential Customers' Ages and Willingness

question 76

Multiple Choice

The following table summarizes six potential customers' ages and willingness to pay for a solo skydiving experience from SkyMasters.The aircraft has room for eight people,including the pilot and skydiving instructor.The marginal cost of adding each additional passenger is $100.SkyMasters holds significant market power for its region.
Use this information to answer the following questions:

-SkyMasters has decided to charge two different prices,a high price and low price,based on age.What would be the increase in total revenue the company gains from its practice of price discrimination versus what it would earn if it charged a single price to all customers?

• A) $1,300
• B) $1,200
• C) $650
• D) $300
• E) $100

Recognize the importance of contingency planning, crisis management, and the role of early warning signals.

Know the significance of tight linkage between control and strategic planning.

Grasp the concept of value-based and manufacturing-based quality.

Understand the principles of service quality and customer satisfaction.

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Definitions:

Oral

Relating to the mouth.

Rectal

Relating to, or situated near the rectum, the final straight portion of the large intestine that ends at the anus.

Inspiration

To breathe in, inhale.

Tachycardia

A condition characterized by an abnormally high heart rate, exceeding the normal resting rate.