Ask Question
6 March, 03:11

When ski butternut reduced the first time skier package from $135 to $75, first time skiers:

a. experienced unitary elasticity for ski lessons.

b. saw a profit maximization scheme based on discounting the first visit and charging a lot more once the skier is hooked.

c. saw a perceived reasonable value for an activity they haven't tried yet.

d. bartered for lower priced rentals?

+5
Answers (1)
  1. 6 March, 06:41
    0
    When ski butternut reduced the first time skier package from $135 to $75, first time skiers:

    a. experienced unitary elasticity for ski lessons.

    b. saw a profit maximization scheme based on discounting the first visit and charging a lot more once the skier is hooked.

    c. saw a perceived reasonable value for an activity they haven't tried yet.

    d. bartered for lower priced rentals?

    Explanation:

    The correct answer is 'b', The ski butternut used a strategic approach where they are offering a discounted package for first timers to attract them and once the skiers are comfortable and hooked they would again increase their prices and charge the skiers the high price now.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When ski butternut reduced the first time skier package from $135 to $75, first time skiers: a. experienced unitary elasticity for ski ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers