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The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
Luxottica Group S.p.A. is an Italian eyewear conglomerate based in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands all through its own subsidiaries. The company, presently organized as a subsidiary of EssilorLuxottica which formed when the Italian conglomerate merged with ...
Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more ...
The on-the-spot fine for smoking in a workplace is £50 (~€60/~$75), £30 (~€35/~$45) if one pays within 15 days, while a business that allows smoking can be fined £2,500 (~€3,700/~$3,800). Smoking largely remains permitted outdoors, apart from railway stations. [ 275 ]
Off-premises sale of wine and spirits is only at liquor stores, and beer is not sold at liquor stores; it must be sold at supermarkets and convenience stores. Exchanges for returned items are permitted (at store owners' discretion). [108] Some counties may retain the Sunday morning beer prohibition which the state discontinued as of July 30, 2006.
ExxonMobil, an American multinational oil and gas corporation presently based out of Texas, has had one of the longest histories of any company in its industry.A direct descendant of John D. Rockefeller's Standard Oil, the company traces its roots as far back as 1866 to the founding of the Vacuum Oil Company, which would become part of ExxonMobil through its own merger with Mobil during the 1930s.
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