Loyalty cards are a common form of price discrimination in the retail sector. It is a trade off; give a little bit of marketing information and you receive a discount. The retailers are also hoping this discount turns into customer loyalty, although excessive marketing communications can turn man...
Equally, the lack of artistic intention of Paul Richer and other forgotten craftsmen who brushed oil onto flesh, who moulded, cast and decorated in the nineteenth century is now irrelevant. What counts is the surviving object and our response to it. The tests are simple: does it interest the...
This property is called recursion: a simple statement (“It’s cold”) is embedded in a more complicated one (“He said that it’s cold”). Human syntax also allows for hypotheticals (“If she hadn’t arrived …”), talking precisely about events distant from the present, and so much...
Explain price discrimination with an illustrated example. What is meant by a negative externality style? Use an example in your explanation. Define and give an example of a compensating differential. Define compensating differential and give an example. ...
The IRS generally defines “fair market value” as the price a willing buyer would pay a willing seller for the property or services. Can unearned income be included in taxable income? Unearned income is generally all income other than salaries, wages, and other amounts received as pay for ...
What is procurement in simple terms? Procurement is the process of obtaining goods and services for a business. It involves deciding what to buy, finding and negotiating with suppliers, and arranging for the purchase and delivery of these items. In simple terms, it’s like shopping for a comp...
So white chocolate is just a perfect fit. Do you think it is good to use chocolate as gifts to others? Yes. There are a variety of chocolate brands with different price range and quality available in the market nowadays. Thanks to the health benefits that it offers for human, consuming ...
VPN stands forVirtual Private Network. In simple terms, it is a service that protects your privacy and Internet connection while online, as well as helps bypass censorship and other restrictions. It does this by creating an encrypted tunnel through which to send your data. In a sense, a VPN...
Financial institutions governed by the GLBA (the Gramm-Leach-Bliley Act) and information in the FCRA (Fair Credit Reporting Act) also aren’t subject to the UCPA. Data processed or maintained in the course of employment is also exempt. Consumers have the right to: Confirm whether a controller...
Antitrust Act was amended by the Clayton Antitrust Act in 1914, which addressed specific practices that the Sherman Act did not ban. It also closed loopholes that the Sherman Act established, including those that dealt specifically with anti-competitive mergers, monopolies, and price discrimination....