You did so well building the ice cream business that you were able to sell your company and retire early. After learning to scuba dive, getting a pilot’s license, and traveling around the world you decided to move back to sunny South Florida and look for something constructive to occupy your time. That’s when you came up with the idea to try a new business venture: Food Trucks! Access the link below to play the Food Truck Simulation. In this simulation, you’ll need to try different pricing strategies to see what works for your business. Run the simulation as instructed first. After you achieve the results stated in the sim instructions, run it two more times applying first a skimming pricing strategy and then a penetration pricing strategy.

Simulation: Demand for Food Trucks

https://courses.lumenlearning.com/suny-microeconomics/chapter/simulation-demand-for-food-trucks/.

Graded Activity

Draw a demand curve graph that illustrates your skimming pricing simulation.
Draw a demand curve graph that illustrates your penetration pricing simulation.
In one complete paragraph, briefly describe which pricing strategy you would choose and explain why.
Submit your response to this assignment link by the end of Unit 4 as a single MS Word-formatted file containing both your graphs and text. Your paper should be a minimum of 1 full page in length in addition to a title page and references. You may use MS Word to create your graphs or insert an image that you draw in a different application. Do not copy a graph from the sim or any other online source. Your graphs must be your own original work created specifically for this assignment.

 

 

Sample solution

Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell. 

In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.

God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.

Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.

To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.

 

References

Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.

Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies4(8), 487.

Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.

Sample Answer

Sample Answer

 

Choosing the Right Pricing Strategy for Your Food Truck Business

Skimming Pricing Strategy:

The skimming pricing strategy involves setting a high initial price for a product or service and then gradually lowering it over time to attract different customer segments. In the context of a food truck business, employing a skimming pricing strategy may involve offering premium and unique menu items at higher prices initially to target early adopters and customers willing to pay a premium for quality. As the simulation results indicate, this strategy can lead to capturing higher revenue per sale but may limit the volume of sales initially. The demand curve graph for a skimming pricing strategy would illustrate a steep curve at the higher price point, gradually tapering off as prices decrease and demand increases.

Penetration Pricing Strategy:

On the other hand, a penetration pricing strategy involves setting a low initial price to quickly penetrate the market and attract a larger customer base. This approach aims to drive higher sales volume by offering competitive pricing and value to customers. In the food truck simulation, applying a penetration pricing strategy could result in lower profit margins per sale but potentially higher overall revenue due to increased sales volume. The demand curve graph for a penetration pricing strategy would showcase a more gradual curve starting at a lower price point, indicating a broader customer base willing to purchase at competitive prices.

Choosing the Optimal Pricing Strategy:

When deciding on the pricing strategy for your food truck business, it is essential to consider your objectives, target market, and competitive landscape. If your goal is to establish your brand as a premium offering with unique menu items and cater to a niche market segment willing to pay higher prices, then a skimming pricing strategy may be suitable. However, if you aim to quickly gain market share, attract price-sensitive customers, and drive high sales volume, a penetration pricing strategy could be more effective.

In conclusion, the choice between skimming and penetration pricing strategies depends on factors such as your business goals, target customer base, and competitive positioning. By carefully analyzing the market dynamics, customer preferences, and profit objectives, you can determine the most appropriate pricing strategy that aligns with your business vision and maximizes your food truck’s success in the competitive South Florida market.

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