Marketing Analytics: Setting Prices for Profitability
Sit-Stay-Sleep is a luxury hotel in New York City that is expected to open in 8 months. The 200-room hotel is designed to accommodate guests traveling for business and/or pleasure with their pets. The marketing team is trying to determine the best way to set prices and decide which options are most profitable for the business.
The hotel plans to have two "package" options for guests at different times of the year to attract customers:
Weekend Getaway Package ($425): 2-night stay in the Deluxe Suite, 1 day of Day Camp, and 1 Spa Package for your pooch.
Stay-and-Play Weekend Package ($300): 2-night stay in the Standard Suite, 1 Toys & Treats, and 1 Spa Package for your pooch.
The goal of this exercise is to help Sit-Stay-Sleep with some specific questions regarding pricing as it relates to marketing. Use the formulas below to help with some of your calculations as you answer the questions that follow.
* Break-even point = total fixed costs / (selling price per unit cost - variable cost per unit)
* Price elasticity of demand = % change in quantity demanded / % change in price
* % Change in quantity demanded = (new quantity - original quantity) / original quantity
* % Change in price = (new price - original price) / original price
* Elastic > |1|; Inelastic < |1|
A
B
C
D
1
Room Type
Rate
Daily Avg. Rooms Booked
Revenue
2
Luxury Suite
$249
35 / 50
$8,715
3
Deluxe Suite
$199
75 / 100
$14,925
4
Standard Suite
$149
35 / 50
$5,215
5
6
Pooch Package
Price
Daily Avg. Booked
Revenue
7
Day Camp
$25/per day
90
$2,250
8
Spa Package
$45
40
$1,800
9
Toys & Treats
$20
50
$100
2. How much revenue would Sit-Stay-Sleep give up from bundling the items in the "Weekend Getaway Package" versus a guest purchasing all items in this package individually?
Multiple Choice
$83
$123
$103
$43
$63

Answer: D

Explanation: Had this test before

Answer:

d

Explanation:

]

Answer:

External recruiting

Explanation:

External recruitment is the evaluation made with respect to the pool of job candidates without considering the existing staff to watch whether there is skilled or qualified candidate to fill existing job vacancies. Basically it is a process of searching outside so that they could fill the vacancies of the organization

So according to the given situation Agnestorm would be engaged in the process of external recruiting

Answer:

2

Explanation:

Consumer spending affects the economy, even a slight reduction could damage the economy.

Consumer spending is the amount of money spent by individuals and houses on the final goods or services for personal use in an economy. This includes all types of goods whether durable or non-durable goods.

When the spending is reduced by the final consumer, it would result in the following:

The government would then have to rely on the following:

Ultimately, the growth of the economy would slow down. And if this continues then the economy would contract.

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Convenience Goods would be the answer

\(Convenience\: goods\)

A consequence of not having health insurance is:

Health insurance is the type of insurance where a person pays a premium periodically to cover the medical costs in case of an illness, surgery or any other health related problems.

This is important because:

Therefore, one consequence of not having a health insurance is that any sudden medical emergency can catch a person unawares and he would not be able to afford treatment.

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A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.

It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.

Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.

Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.

Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.

A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.

In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.

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Emphasis is the phase of the format that catches the viewer's attention. Usually the artist will make one area stand out by using contrasting it with other areas.

The location should be one-of-a-kind in size, color, texture, shape, etc. Movement is the course the viewer's eye takes through the work of art, often to focal areas.

Three factors of art: color, value, and texture, are beneficial in creating emphasis through contrast. Using texture in solely one spot or placing a light object in an otherwise dark environment will attract the interest of the viewer.

Still, specially for academic writing, italics or underlining is the favored way to emphasize phrases or phrases when necessary. Writers generally choose one or the different approach and use it constantly throughout an person essay. In the final, posted version of an article or book, italics are generally used.

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To get the full benefits from Agile, you must adopt not only its processes, but also its mindset.

The Agile mindset encompasses a set of values and principles that drive collaboration, flexibility, continuous learning, and adaptation. It emphasizes individuals and interactions over processes and tools, working software over comprehensive documentation, customer collaboration over contract negotiation, and responding to change over following a plan.

By embracing the Agile mindset, teams foster a culture of transparency, trust, and empowerment. They prioritize iterative and incremental delivery, allowing for early feedback and course correction. The Agile mindset encourages open communication, encourages experimentation, and values the ability to adapt to evolving customer needs and market dynamics. It requires a shift in thinking from traditional command-and-control approaches to a more flexible, self-organizing, and customer-centric mindset, which ultimately leads to improved productivity, customer satisfaction, and business outcomes.

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The only fiscal policy that the federal government would most likely adopt to support economic expansion is "Lower taxes and increase spending,"

During a recession, which fiscal policy is most effective?

When an economy is in a recession and producing less than its potential GDP, expansionary fiscal policy is most appropriate. Contractionary financial strategy diminishes the degree of total interest, either through cuts in government spending or expansions in charges.

What fiscal policy options are available to close the recessionary gap?

By increasing government spending and/or decreasing personal taxes, a recessionary gap could be closed. Both of these policies increase aggregate demand and move the schedule of aggregate expenditures in the direction of full-employment GDP.

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Answer:

Probability that the mean GPA for 64 randomly selected BYU- Idaho students will be less than 3.5 = 0.037

Explanation:

Given that mean = 3.7 , Standard deviation = 0.1125

Now,

P(хbar < 3.5 ) = P(z < \(\frac{3.5 - 3.7}{0.1125}\) )

                      = P(z<-1.78)

                       = 0.0375

                       ≈ 0.037

∴ we get

Probability that the mean GPA for 64 randomly selected BYU- Idaho students will be less than 3.5 = 0.037

Answer:

graduation

Explanation:

Answer:

Graduation

Explanation:

edge2021

for dropout it was 25.3 percent.

Answer:

D point is the right answer according to the graph.

Answer:

The loss is "$10,000" and the gain is "$25,000".

Explanation:

The given amount is:

Cost,

= $215,000

Accumulated depreciation,

= $185,000

Book value,

= $30,000

Now,

The loss on sales will be:

= \(Sale \ price-Book \ value\)

= \(20,000-30,000\)

= \(10,000\) ($)

The gain on sales will be:

= \(Sales \ price-Book \ value\)

= \(55,000-30,000\)

= \(25,000\) ($)

Pharmacy management would be working with pharmacy technicians.

Pharmacy technicians are particularly professional and important individuals of the drugstore crew and paintings under the supervision of a pharmacist. they're involved in the instruction, allotting, and supply of drugs and merchandise to sufferers.

Technicians get hold of written prescription requests from patients and perform medication reconciliation. Additionally, they may additionally get hold of prescriptions sent electronically from doctors' offices, and in some states, they're permitted to process requests via phone.

They discover, dispense, percent, and label a prescribed medication for a patient this is then reviewed for accuracy by a pharmacist before allotted to the affected person.

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Answer: It is B. AlA

Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.

The correct statements that describe the efficiency of new public expenditures are as follows:Government waste is often a problem when the government typically funds socially valuable projects as part of a countercyclical fiscal policy.

Many of the projects with the highest social return have already been funded, raising the chance that a new project won't be socially desirable. Politics and special interests often get in the way, increasing the chances that wasteful projects with negative social value get funded. Long lags raise the concern that by the time many of the projects are implemented, the economy might already be past the point where these projects would have been most useful.

The efficiency of public expenditures deteriorates when large sums of new government expenditures need to be spent quickly. The urgency makes it harder to identify and efficiently implement the projects that are socially beneficial. These are the statements that describe the efficiency of new public expenditures.

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Answer: Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education. It also doesn't include your credit score.

Explanation:

Neither project should be approved as they are not expected to generate positive returns.

(a) the net present value (npv) of project a can be calculated by discounting the projected cash inflows using the discount rate of 10 percent:

year 1: rs. 15 million / (1 + 0.02) = rs. 14.705 millionyear 2: rs. 15 million / (1 + 0.03)² = rs. 13.592 million

year 3: rs. 15 million / (1 + 0.04)³ = rs. 11.462 millionyear 4: rs. 15 million / (1 + 0.03)⁴ = rs. 10.572 million

year 5: rs. 15 million / (1 + 0.07)⁵ = rs. 10.271 million

npv of project a = initial investment - sum of discounted cash inflows                 = rs. 50 million - (rs. 14.705 million + rs. 13.592 million + rs. 11.462 million + rs. 10.572 million + rs. 10.271 million)

                = rs. 50 million - rs. 60.602 million                 = -rs. 10.602 million

similarly, the npv of project b can be calculated as follows:

year 1: rs. 25 million / (1 + 0.02) = rs. 24.510 million

year 2: rs. 25 million / (1 + 0.03)² = rs. 22.376 millionyear 3: rs. 25 million / (1 + 0.04)³ = rs. 18.928 million

year 4: rs. 25 million / (1 + 0.03)⁴ = rs. 17.309 millionyear 5: rs. 25 million / (1 + 0.07)⁵ = rs. 15.090 million

npv of project b = initial investment - sum of discounted cash inflows

                = rs. 80 million - (rs. 24.510 million + rs. 22.376 million + rs. 18.928 million + rs. 17.309 million + rs. 15.090 million)                 = rs. 80 million - rs. 98.213 million

                = -rs. 18.213 million

comparing the results, both project a and project b have negative npvs. (b) the undiscounted pay back period (upbp) for each project can be determined by dividing the initial investment by the annual cash inflows:

upbp of project a = rs. 50 million / rs. 15 million = 3.33 years

upbp of project b = rs. 80 million / rs. 25 million = 3.2 years

the discounted pay back period (dpbp) is calculated by considering the discounted cash inflows:

dpbp of project a = 2 years (year 1 + year 2) + (rs. 50 million - rs. 14.705 million) / rs. 13.592 million = 2 + 2.5 years = 4.5 yearsdpbp of project b = 2 years (year 1 + year 2) + (rs. 80 million - rs. 24.510 million) / rs. 22.376 million = 2 + 2.59 years = 4.59 years

based on the criterion of 5

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Answer:

Mutual Fund

Explanation:

Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.

It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.

Answer:

The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.

Explanation:

Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks.  She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.

A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.

An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.

$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

a)the monthly payment is $99.08 (rounded to the nearest cent). b)the total interest for the given simple interest amortized loan is $123.84 (rounded to the nearest cent).

(a) To find the monthly payment of an amortized loan with simple interest, the formula used is, `P = (rM)/(1-(1+r)^(-N))`, where P is the monthly payment, r is the monthly interest rate, M is the loan amount, and N is the number of payments. The formula to calculate the monthly interest rate is, `r = (i/y)/100`, where i is the annual interest rate, and y is the number of payments per year.Given:Loan amount, M = $4000Annual interest rate, i = 8.5%Number of payments, N = 4 years x 12 months = 48Monthly interest rate, r = (8.5%/12) = 0.00708333Putting these values in the formula to calculate the monthly payment of a simple interest amortized loan, we get:P = (0.00708333 x 4000) / (1 - (1 + 0.00708333)^(-48))= 99.08Therefore, the monthly payment is $99.08 (rounded to the nearest cent).

(b) The total interest for the given simple interest amortized loan can be found using the formula, `Total Interest = (P x N) - M`, where P is the monthly payment, N is the number of payments, and M is the loan amount.Given:P = $99.08N = 48M = $4000Putting these values in the formula to calculate the total interest of a simple interest amortized loan, we get:Total Interest = (99.08 x 48) - 4000= $123.84Therefore, the total interest for the given simple interest amortized loan is $123.84 (rounded to the nearest cent).Answer:Monthly payment = $99.08Total interest = $123.84.

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Answer:

B

Explanation:

Answer:

11.42 %

Explanation:

The formula for calculating percentage error

percentage error = observed value - actual value x 100

     actual value

Percentage error =    3.9- 3.5  x 100

    3.5

Percentage error = 0.4  x 100

                             3.5

Percentage error =0.1142 x 100

Percentage error = 11.42 %

Answer:

Informative.

Explanation:

Answer:

Statue of limitations

Explanation:

Answer: idle production capacity

Explanation:

Idle capacity refers to the remaining amount of capacity that is left in a company when both the productive and the protective capacity have been removed from consideration.

Since the plane has a capacity of 120 passengers but he has averaged only 24 passengers, a load factor of 20 percent. Once the plane takes off, the other 96 seats generate no sales and profits to the airline for that flight, then the unique aspect of services does this situation describe idle production capacity.

Answer:

b. reducing press releases

Explanation:

Press releases can be negative a lot of the time, so the PR works to reduce the negativity brought by the press about the company.

Antitrust laws are implemented by both federal and state governments to promote B. Competition among firms.

Thus, Antitrust laws are not implemented to promote price fixing, monopolies, or bid rigging but to promote competition.

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Answer:

B. competition

Answer:

d. All of the above

Explanation:

Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.

The areas of regulations include but are not limited to