HRM 1133 March 5 2014E-cigarette’sHookah clubsPrices, Rates and Payment>Legal Restrictions on pricing-Can a business differentiate between customers?- Yes, as long as they’re not violating a specific statute o Example: People in line trying to buy the same hotel room, hotel will often quote different rates for different customers >Statutory restrictions on pricing>Civil rights->Hotel Rack rate laws? - Max amount hotel can ever agree that their going to charge for a certain room 419-040 419-050>Anti trust laws- Not supposed to agree to set prices at a certain rate with a competitor >Price gouging- Not prohibited everywhere- Some states don’t regulate it at all, some states are tough on it- Involves raising prices for an essential good or service after a disaster or traumatic event of some time - MO restriction: applies where the governor or president can declare a disaster zone (tornado, snow and ice, hurricane, war, etc.)>Cash discount? - Can you give a cash discount? Nothing in the law that prohibits this - If you run credit card, you now have a contract with a card issuero May be a breach of contract - Does a business have to take cash?o No- Why would you not want to take cash?o Less target of a robbery o Gives you extra security if you have a card o Count fit money>Credit card minimum transaction amount?- No law prohibits this- Unless a breach of