Question

What insights do managers gain by reporting both the list selling
price and the actual selling price for each customer?

Answer #1

The insight that manager gain by reporting both list selling price (LSP) & actual selling price (ASP) is

The difference between both is discount offered to customer, if the both will be shown to customer then their quantity purchased will be depend upon that. The insight which manager will get is how the customer are attracted with the discount offered whether they have to give more discount or the diacount given is in excess. So to reduce such discount and increase their sale without hampering the quantity sold.

By mentioning both manager can judge the mentality of customer by determining their quantity purchased.

So that way they can maintain or increase their profit without hampering their sales quantity.

What insights might managers gain into the causes of a
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this chapter 14 ?
answer in your own words

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The data show the list and selling prices for several expensive
homes. Find the regression equation, letting the the list price be
the independent (x) variable. Find the best predicted selling
price of a home having a list price of $4 million. Is the result
close to the actual selling price of $4.2million?
List price (millions of $)
2.8
2.9
2.3
3.4
2.1
1.6
Selling price (millions of $)
2.6
3
2.2
3.7
1.9
1.8
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What is the selling price of a dining room set at Macy's? Assume
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I know the answer to this is $1,666.67
The thing I am having trouble understanding is what the
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that we have a 52% markup on selling price which means just that,
but when solving the problem: $800/(1-.52) the bottom will be the
48% which I do not...

The data show the list and selling prices for several expensive
homes. Find the regression equation, letting the the list price be
the independent (x) variable. Find the best predicted selling
price of a home having a list price of $ 2 million. Is the result
close to the actual selling price of $ 2.2 million? Use a
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The hotel faces the following cost : MC = AC = 20
Demand by business travelers:
Qb = 400 -5Pb
Demand by vacationer:
Qv = 400 -10 Pv
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based...

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to price-discriminate. The hotel managers can accurately identify
and separate submarkets.
The hotel faces the following cost : MC = AC = 20
Demand by business travelers:
Qb = 400 -5Pb
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Qv = 400 -10 Pv
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