Using the Same Information as Above,suppose You Can Set One

question 123

Multiple Choice

Using the same information as above,suppose you can set one price for MBA students and one price for EMBA students.However you know that MBA students are willing to resell the Primer to EMBA students for their purchase price plus $60.MBA students pay $x and they can resell the primer for $(x + 60) .Assuming there are no other cost involved in this transaction and it cannot be prevented.What are the optimal prices for the two groups of students?

• A)Charge $300 to EMBA and $240 to MBA
• B)Charge $240 to EMBA and $100 to MBA
• C)Charge $240 to EMBA and $240 to MBA
• D)None of the above

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Definitions:

Culture-Specific Knowledge

Understanding and awareness of the unique aspects of a culture, including its norms, values, and practices, which is crucial for effective communication and interaction within that culture.

Business Norms

Business norms are the customary rules and standards of conduct that guide business behavior and interactions within specific industries, cultures, or markets.

External Factors

Influences from outside an organization or system that can impact its performance, including economic, social, political, and environmental forces.

Differences Arise

Refers to the emergence of disagreements or conflicts in various contexts, including cultural, political, or economic interactions.