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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Richard D. Alexander argues in “The Biology of Moral Systems”, that although it is widely accepted that the characteristics of living things have evolved under the primary guidance of natural selectio...

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The given line only states that doing future predictions accurately is nearly impossible. Even having great experts and great processes accurate forecasting cannot be done. There are some products and...

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The given line only states that doing future predi

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Limited Liability Companies are considered as one of the most appropriate commercial structure for major number of business tycoons. Comparatively sole proprietorship is not found to give any protecti...

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Unit 4 Week 5 DQ 2

Week 5 DQ 2

Q Why does it make sense for an airline to offer discounted fares to students, senior citizens, or some other group, when those fares are lower than the average cost per passenger? Would it make sense to offer deeply discounted fares, such as a $59 ticket from Los Angeles to San Francisco, 1 hour before departure? Why?

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Before starting with the discussion, let us have a quick knowledge about Price Discrimination. Price Discrimination is basically a selling strategy that charges different prices of the same good from different customers for any reason, be it age, personal, corporate etc. To be precise the produces in such circumstances actually charges the customer the highest price for the particular good. It is generally of three types: First degree, second degree and third degree.