A publisher needed one of its best-selling authors to fly from his home in Richmond, Virginia to Chicago, Illinois in order to start a publicity campaign for the author's new book. The author could have taken a flight to Detroit, Michigan, changed planes, and then flew on to Chicago for about half the price of a non-stop flight from Richmond to Chicago. However, he chose the non-stop flight. He became less price sensitive because of:
A) The availability of substitutes.
B) The fact that someone else was paying the bill.
C) The significance of the end benefit.
D) The size of the total expenditure.
E) The sunken investment he had made.
Correct Answer:
Verified
Q198: Which of the following pricing tools combines
Q199: Break-even charts usually assume that:
A) total cost
Q200: In marginal analysis, the most profitable price
Q201: Customers are likely to be less price
Q202: Consider the following demand schedule for a
Q204: Customers are likely to be less price
Q205: Marginal cost is:
A) always less than average
Q206: Customers are likely to be more price
Q207: A marketing manager has just estimated that
Q208: Consumers are more likely to be price
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