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1 year ago

Reasons for consumers to prefer one product over another to satisfy the same need

Business

1 answer:

patriot [66]1 year ago

3 0

Answer:

1. Customer Satisfaction.

2. Quality of the Product.

3. Price.

4. Taste & Preferences.

5. Brand Image.

6. Brand Reputation.

7. Brand's Goodwill among the customers.

8. Word of Mouth Publicity given by Existing Customers.

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Alliance Company's budgets production of 39,000 units in January and 43,000 units in the February. Each finished unit requires 4

Ket [755]

Answer:

The correct answer is 160,800 pounds.

Explanation:

According to the scenario, the computation of the given data are as follows:

Budget production in Jan = 39,000 units

Raw material per unit = 4 pounds

So, total raw material needed = 39,000 × 4 pounds = 156,000 pounds

Beginning inventory = 46,800 pounds

Ending inventory = (43,000 × 4 pounds ) × 30% = 51,600 pounds

So, Budgeted material needed = Total raw material + Ending inventory - Beginning inventory

= 156,000 + 51,600 - 46,800

= 160,800 pounds

8 0

3 years ago

The Grind coffee shop offers drink cards to purchasers of its gourmet coffees with ten spaces. The cashier punches one space wit

Vera_Pavlovna [14]

A unilateral contract
With each cup of coffee purchased, the cashier punches a space. The card can be used to redeem a free coffee once all ten spaces have been punched. This serves as an illustration of a unilateral contract.
-Unilateral contract - A unilateral contract explicitly states that payment will only be provided in exchange for performance by one side. A prize or a competition is another illustration of a unilateral contract. In a unilateral contract, the offeror has the right to withdraw it prior to the offeree's commencement of performance. Usually, the revocation must be made in writing. An insurance policy contract, which is typically only partially unilateral, is an illustration of a unilateral contract. The offeror is the sole party having a contractual responsibility in a unilateral contract. Most unilateral agreements are one-sided.
Learn more about the unilateral contract on brainly.com/question/3257527
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6 0

1 year ago

Goldtone is a multinational communications and information technology corporation. its principal products are mobile telephones

marysya [2.9K]

I think the correct answer would be crowdsourcing. It is a practice that involves obtaining certain information from the market or the public. It allows the consumers to suggest and comment on the products a company has. Hope this answers the question.

8 0

3 years ago

Jim saw a decrease in the quantity demanded for his firm’s product from 8000 to 6000 units a week when he raised the price of

Delicious77 [7]

Answer:

The demand for Jim’s product is elastic

Explanation:

In this question, we are to calculate the price elasticity of demand for the product.

We proceed as follows;

The formula for calculating elasticity of demand is

e = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Here, Q2 = 6000

Q1 = 8000

P2 = $250

P1 = $200

e = [(6000 - 8000) / {(8000 + 6000) / 2}] / [($250 - $200) / {($200 + $250) / 2}]

e = [(- 2000) / 7000] / [(50 / 225]

e = - 1.3

That means absolute value of e is 1.3.

So, as the absolute value of e is more than 1 (i.e., 1.3), that means the demand for the product is elastic.

6 0

2 years ago

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Mary, a sales representative for a small cleaning business, asks current customers for names of friends, customers and other bus

Fofino [41]

Answer:

Mary is relying on <u>referral marketing</u> to identify potential customers.

Explanation:

Referral marketing is a method of spontaneously promoting a businesses products and services to new customers by word of mouth. This can happen through a variety of channels such as email, mobile, and social media.

Referral programs are formal programs that exists in some organizations instituted by employers to encourage employees to refer candidates for jobs at the company.

Referral programs benefit both the employer and the current employees. In some cases, a bonus can be earned if a referred candidate is hired.

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2 years ago

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