We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Write a Summary (Uniform prices for online music are no way to maximise profit) - Essay Example

Comments (0)
The difference between the price that a customer actually paid and the highest price that they would have paid is known as a consumer surplus. The…
Download full paper
Write a Summary (Uniform prices for online music are no way to maximise profit)
Read TextPreview

Extract of sample
Write a Summary (Uniform prices for online music are no way to maximise profit)

Download file to see previous pages... For a seller to get more of the economic surplus from a sale, he or she is looking to sell a product for a price very close to the maximum limit that a customer is willing to spend. However, because not everyone has the same price in mind when purchasing a product, it can be difficult from the sellers point of view to determine the appropriate price. Research carried out by Ben Shiller and Joel Waldfogel found that the uniform price that university students were willing to pay for songs on iTunes was much higher than Apple was actually selling songs for. One workaround for setting the price is for sellers to charge an entry fee and then a very small fixed price for each song. This provides benefits for both seller and consumer, as producer surplus can increase considerably and consumer surplus can grow due to the fact that consumers would buy songs than they would otherwise not consider at a higher uniform ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Project Plan for an Online Music Store
According to the paper the aim of the store is to be a leading brand in the sale of music and associated products. Various features to be included in the site include log in sections, a search tab, a jam room, a feature tab for online payments, a client discussion forum, and streaming of sample music. The various shareholders of the company are also covered.
8 Pages(2000 words)Essay
'If a business wants to maximise profit, it cannot be concerned with corporate social responsibility'. Critically discuss th
How do the CSR and its rationale benefit organizations and the business community? In order to argue that a business must ignore CSR in order to maximize profit, it should be clear how these businesses benefit tangibly from taking part in its policies, practices and activities.
6 Pages(1500 words)Essay
INDABA: ONLINE MUSIC INDUSTRY.19th November 2013 Introduction Management team can resolve tension in a company and make it to achieve a long term vision. Individuals have different ways on how they view issues concerning the set goals of the organization. The different viewpoints can lead to tension or conflict, but a good management team should have the ability to handle such conflicts.
7 Pages(1750 words)Essay
Write summary
It is an interesting narration how life and everything around us evolved. In the book and in the film, Dennett explained the how the Principle of Accumulation became responsible for evolution. Here, Dennett argued that the need to achieve balance
1 Pages(250 words)Essay
Write summary
Whereas the 3rd world experiences a high percentage of growth , many parts of the developed world will soon face a situation of losing population as demographic bubbles begin to die out. This has many relevant economic
1 Pages(250 words)Assignment
Assess Friedman's assertion that business does not have social responsibilities other than to maximise profit
He further noted that entities that adopted ethical and responsible attitudes would be faced by more challenges than companies that did not meaning that they were less competitive. It remains a basis of contention for companies in the modern
2 Pages(500 words)Essay
Supply and Demand of Online Music Streaming
However, with the development of technology, the music industry has also experienced a shift towards the digital and online world,
5 Pages(1250 words)Essay
Supply and Demand of Online Music Streaming
Online music streaming is the enabling of online access to audio contents without the user being able to store the contents permanently on a computing device. This enables the users to gain access to the vast audio collections in different databases without having the need of any permanent transfer of data from and to a computing device.
5 Pages(1250 words)Essay
Write summary
However, she was comfortable spending her nights there as opposed to New Orleans where her parents lived. Anne take part in the famous demonstration and later works as an activist in rural
3 Pages(750 words)Essay
Regulating Soldiers Body Temperature, Uniform Technology Summary
The presenters stated that a few soldiers ended up collapsing while they were training at the Welch Mountain during the period of 2013 and out
2 Pages(500 words)Essay
Let us find you another Essay on topic Write a Summary (Uniform prices for online music are no way to maximise profit) for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us