The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account. Introduction: Price equation: Price of products and services has a direct impact on company profit, which is calculated as Purchase price = ( Final price − ( Allowances and discounts + additional fees ) ) . A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

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Answer 1

Question

Chapter 13, Problem 1AMK

Summary Introduction

To discuss: The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account.

Introduction:

Price equation:

Price of products and services has a direct impact on company profit, which is calculated as Purchase price=(Final price−(Allowances and discounts+additional fees)).

A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

Expert Solution & Answer

Explanation of Solution

Price equation to calculate purchase price:

Purchase price=(Final price−(Allowances and discounts+additional fees))

Price equation for the purchase price of gasoline:

Price equation(Gasoline)=Pump price−Cash discount

Price equation for the purchase price of airline ticket:

Price equation(Airline ticket)=(Coach fare−Seasonal offers & off-peak discount+Premium & peak time flight)

Price equation for the purchase price of checking account:

Price equation(Cheaking account)=(Service charge−Discount for checking balance+Pre check charges)

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Students have asked these similar questions

You are in the process of planning a hypothetical airline flight from New York to St. Louis. Visit the websites of three differentairlines and compare prices for this trip. Try travel dates that include a Saturday night layover and those that do not. Try dates lessthan seven days away, and compare, those prices with flights that are more than twenty-one days out. How do you explain thesimilarities and differences you see in these prices?

1. How do you price physiological, is it low, moderate or high? please explain briefly your answer. 2. How do you price sociological, is it low, moderate or high? please explain briefly your answer. 3. How do you price psychological, is it low, moderate or high? please explain briefly your answer. 4. How do you price life-cyclical, is it low, moderate or high? please explain briefly your answer.

7 ? Which of the following is true of the price equation? ? ?Extra fees are not part of the price equation ?The amount paid by customers is always the same as the quoted price ?Sellers subtract the add-on charges from the list price ?Customers are more inclined to pay additional fees than a higher list price 8 ?What is the difference between a marketing plan and a business plan? ?A marketing plan addresses the financial projections of an organization, whereas a business plan does not A marketing plan contains a description of an organization, whereas a business plan does not contain any description A marketing plan deals with marketing actions, whereas a business plan addresses the entire organization ?A marketing plan contains details on operations, research, and manufacturing, whereas a business plan does not 9 ?What must an organization use to determine its position respective to the competition during the new-product strategy development stage? ?SWOT analysis and environmental…

Answer 2

Question

Chapter 13, Problem 1AMK

Summary Introduction

To discuss: The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account.

Introduction:

Price equation:

Price of products and services has a direct impact on company profit, which is calculated as Purchase price=(Final price−(Allowances and discounts+additional fees)).

A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

Expert Solution & Answer

Explanation of Solution

Price equation to calculate purchase price:

Purchase price=(Final price−(Allowances and discounts+additional fees))

Price equation for the purchase price of gasoline:

Price equation(Gasoline)=Pump price−Cash discount

Price equation for the purchase price of airline ticket:

Price equation(Airline ticket)=(Coach fare−Seasonal offers & off-peak discount+Premium & peak time flight)

Price equation for the purchase price of checking account:

Price equation(Cheaking account)=(Service charge−Discount for checking balance+Pre check charges)

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Answer 3

Question

Chapter 13, Problem 1AMK

Summary Introduction

To discuss: The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account.

Introduction:

Price equation:

Price of products and services has a direct impact on company profit, which is calculated as Purchase price=(Final price−(Allowances and discounts+additional fees)).

A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

Expert Solution & Answer

Explanation of Solution

Price equation to calculate purchase price:

Purchase price=(Final price−(Allowances and discounts+additional fees))

Price equation for the purchase price of gasoline:

Price equation(Gasoline)=Pump price−Cash discount

Price equation for the purchase price of airline ticket:

Price equation(Airline ticket)=(Coach fare−Seasonal offers & off-peak discount+Premium & peak time flight)

Price equation for the purchase price of checking account:

Price equation(Cheaking account)=(Service charge−Discount for checking balance+Pre check charges)

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Answer 4

Question

Chapter 13, Problem 1AMK

Summary Introduction

To discuss: The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account.

Introduction:

Price equation:

Price of products and services has a direct impact on company profit, which is calculated as Purchase price=(Final price−(Allowances and discounts+additional fees)).

A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

Expert Solution & Answer

Explanation of Solution

Price equation to calculate purchase price:

Purchase price=(Final price−(Allowances and discounts+additional fees))

Price equation for the purchase price of gasoline:

Price equation(Gasoline)=Pump price−Cash discount

Price equation for the purchase price of airline ticket:

Price equation(Airline ticket)=(Coach fare−Seasonal offers & off-peak discount+Premium & peak time flight)

Price equation for the purchase price of checking account:

Price equation(Cheaking account)=(Service charge−Discount for checking balance+Pre check charges)

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Answer 5

Chapter 13, Problem 1AMK

Summary Introduction

To discuss: The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account.

Introduction:

Price equation:

Price of products and services has a direct impact on company profit, which is calculated as Purchase price=(Final price−(Allowances and discounts+additional fees)).

A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

Expert Solution & Answer

Explanation of Solution

Price equation to calculate purchase price:

Purchase price=(Final price−(Allowances and discounts+additional fees))

Price equation for the purchase price of gasoline:

Price equation(Gasoline)=Pump price−Cash discount

Price equation for the purchase price of airline ticket:

Price equation(Airline ticket)=(Coach fare−Seasonal offers & off-peak discount+Premium & peak time flight)

Price equation for the purchase price of checking account:

Price equation(Cheaking account)=(Service charge−Discount for checking balance+Pre check charges)

Answer 6

Chapter 13, Problem 1AMK

Summary Introduction

To discuss: The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account.

Introduction:

Price equation:

Price of products and services has a direct impact on company profit, which is calculated as Purchase price=(Final price−(Allowances and discounts+additional fees)).

A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

Expert Solution & Answer

Explanation of Solution

Price equation to calculate purchase price:

Purchase price=(Final price−(Allowances and discounts+additional fees))

Price equation for the purchase price of gasoline:

Price equation(Gasoline)=Pump price−Cash discount

Price equation for the purchase price of airline ticket:

Price equation(Airline ticket)=(Coach fare−Seasonal offers & off-peak discount+Premium & peak time flight)

Price equation for the purchase price of checking account:

Price equation(Cheaking account)=(Service charge−Discount for checking balance+Pre check charges)

Answer 7

Chapter 13, Problem 1AMK

Summary Introduction

To discuss: The manner in which price equation applies to the purchase price of gasoline, an airline ticket, and a checking account.

Introduction:

Price equation:

Price of products and services has a direct impact on company profit, which is calculated as Purchase price=(Final price−(Allowances and discounts+additional fees)).

A purchase price is the money an individual pays for goods and services. It is the basis for an individual to know the profit or loss from the product sold.

Answer 8

Expert Solution & Answer

Explanation of Solution

Price equation to calculate purchase price:

Purchase price=(Final price−(Allowances and discounts+additional fees))

Price equation for the purchase price of gasoline:

Price equation(Gasoline)=Pump price−Cash discount

Price equation for the purchase price of airline ticket:

Price equation(Airline ticket)=(Coach fare−Seasonal offers & off-peak discount+Premium & peak time flight)

Price equation for the purchase price of checking account:

Price equation(Cheaking account)=(Service charge−Discount for checking balance+Pre check charges)

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 13.1 - Prob. 13.1LO Ch. 13.1 - Prob. 13.1LR Ch. 13.1 - Prob. 13.2LR Ch. 13.1 - Prob. 13.3LR Ch. 13.2 - Prob. 13.2LO Ch. 13.2 - Prob. 13.4LR Ch. 13.2 - Prob. 13.5LR Ch. 13.2 - Prob. 13.6LR Ch. 13.3 - Prob. 13.3LO Ch. 13.4 - Prob. 13.4LO

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Explanation of Solution

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Chapter 13 Solutions