Personalized prices to test what you are willing to pay

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1. A town signs a contract for 50 dumpsters at $5000 each. They are expected to last 5 years. A rival dumpster manufacturer has $8000 dumpsters but they last 10 years, which is the better deal (show your calculations).

2. After Reading the Article "How Retailers Use Personalized Prices to Test What You’re Willing to Pay" write a detailed summary on Personalized Pricing strategy.

3. Think of an issue that needs a solution in either a work or school environment. Next, create a hypothetical group meeting: who are you going to invite to this meeting to address this issue? What are their titles and functions? Finally, define an effective brainstorming strategy you will use to draw the most creativity out of this group.

Reference no: EM132290645

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