One reason why airlines charge business travellers and leisure travellers different prices is
A) business travellers fly according to schedules that are planned months in advance.Many leisure travellers buy their tickets at the last minute.
B) business travellers usually travel alone.Leisure travellers often fly with friends and family members; therefore, they have a more inelastic demand for airline tickets than business travellers.
C) business travellers fly more often than most leisure travellers.As a result, their employers are able to bargain with airlines for lower fares than leisure travellers pay.
D) business travellers often have inflexible schedules and have to travel on a particular day.The opposite is true for leisure travellers.
Correct Answer:
Verified
Q90: Joss is a marketing consultant. Iris and
Q102: Which of the following is not a
Q115: Insurance companies typically charge women lower prices
Q219: Figure 9.15 Q221: To whom does a price-discriminating firm charge Q222: A producer might practice price discrimination Q223: Many universities practice yield management.As a result, Q225: Price discrimination is a rational strategy for Q226: Which of the following products allows the Q228: If a firm knew every consumer's willingness
A)to make
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents