Solved

Consider the Pricing Strategy Outlined in the Following Excerpt About

question 90

Multiple Choice

Consider the pricing strategy outlined in the following excerpt about a "smart" vending machine and use it to answer the following questions:
Taking full advantage of the law of supply and demand,the Coca-Cola Company has quietly begun testing a vending machine that can automatically raise prices for its drinks in hot weather."This technology is something the Coca-Cola Company has been looking at for more than a year," said Rob Baskin,a company spokesman,adding that it had not yet been placed in any consumer market....The process appears to be done simply through a temperature sensor and a computer chip,not any breakthrough technology,though Coca-Cola refused to provide any details yesterday.While the concept might seem unfair to a thirsty person,it essentially extends to another industry what has become the practice for airlines and other companies that sell products and services to consumers.The falling price of computer chips and the increasing ease of connecting to the Internet has made it practical for companies to pair daily and hourly fluctuations in demand with fluctuations in price-even if the product is a can of soda that sells for just 75 cents.

-If the "smart vending machine" described in the excerpt were available today on a 100-degree day in Atlanta,Georgia,Coca-Cola would be purchased by the

Definitions:

Sexual Dysfunction

Difficulties experienced during any phase of the sexual response cycle preventing the individual or couple from enjoying sexual activity.

Dream Interpretation

The process of assigning meaning to dreams, often in the context of psychotherapy.

Genital Pain

Pain occurring in the genital area, which can be caused by a variety of conditions, including infections, diseases, or physical injuries.

Dyspareunia

a medical condition characterized by painful or difficult sexual intercourse.