A Petrol Station Asked Customers If They Would Pay $0

question 53

Multiple Choice

A petrol station asked customers if they would pay $0.01 per litre more for their petrol if the station installed an air filtration system.Most said yes, but when the system was installed, many customers went to a cheaper competitor.In light of this, the petrol station needs to:

• A)ask its customers about all other ideas in the future.
• B)charge its remaining customers more than $0.01 per litre extra to maintain profit levels.
• C)satisfy all members of society.
• D)carefully balance the costs of providing low-priced products against the costs of being environmentally responsible.
• E)sell the petrol station.

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Definitions:

Psychological Contracts

An unwritten agreement between an employee and their employer regarding mutual expectations of inputs and outcomes.

Personal Employment Agreements

Contracts between an employer and an employee detailing the terms of employment including duties, compensation, and conditions of work.

Holland's Theory

A theory that matches people's preferences for work environments and personality types to help them find suitable careers.

Occupations

Types of jobs or professions characterized by a specific set of skills, tasks, and responsibilities.