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Author Question: Peter's Pizzeria sells both pizzas and wings. It wants to increase the sales of its pizzas. Assuming ... (Read 394 times)

chandani

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  • Posts: 541
on: Jul 1, 2018
Peter's Pizzeria sells both pizzas and wings. It wants to increase the sales of its pizzas. Assuming that the pizza and the wings are complements, which of these strategies can it employ?
 a. Increase the price of the wings
  b. Decrease the price of the wings
  c. Increase the quality of the pizza
  d. Both B & C

Question 2

You expect one-third of your customers to be high value, willing to pay 9 for your product, and the other two-thirds to be low value customers willing to pay only 3 . You cannot tell them apart. If the product costs 3, and you charge 9, what is your expected profit?
 a. 1
  b. 2
  c. 3
  d. 4


Meganchabluk

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


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