Ⅱ. Definition and explanation
Ⅲ. The origin of the theory of LMT
Ⅳ. The main dependent and independent factors that are being studied in this theory and their relationships
Ⅴ. Empirical article in the information system literature that uses the theory
There are three types of price discrimination. For all forms of price discrimination the firm must have market power. First-degree price discrimination is where the firm will charge different prices for each unit sold. The firm will charge the consumers maximum willingness topay. This requires knowledge of willingness topay for every unit consumed by the consumer. The firm will extract all cons
To collect data on the current status of the firm and how customers would react to the new systems, we conducted survey for 200 people in KAIST. Then we estimated future customer behavior and profit using the tools such as demand curve, game theory, willingness topay, consumer surplus, profit calculation.
Several assumptions are made during the analysis. As long as they are not violated, its p
to closely look at what celebrities carry rather than how their pants look like at red carpet. With the rich distribution channel, consumer perception on luxury handbags has been changed. As handbags are now viewed as fashion statements, female consumers are willingtopay big dollars to get the latest ones. The growth of the luxury market is spurred by consumers wanting authentic feelings stemmi