All categories

2 years ago

Case 6.1 Demand for Gas Guzzlers

1 answer:

8 0

Question 1.: From the standpoint of an automobile company, what sources of information in this article offer secondary data?

Answer: The

National Automobile Dealers Association surveyed consumers

visiting its Web site for information about car purchases, and it

learned they ranked price as most important, followed by make and

model, then performance. Fuel economy ranked last, with 3 percent

considering it most important and 11 percent considering it least

important.

Question 2: Suggest two or three other sources of data that might be of

interest to auto companies interested in forecasting demand.

Answer: Data from Automotive News,General Motors, and data

from the shoppers who visit Web sites such as www.kbb.com to look

up information.

Question 3: Online or at your library, look for information about recent

trends in SUV purchases. Report what you learned, and forecast whether SUV sales are likely to recover or continue

Answer: I don't know your library.

Explanation: This took me so long to do. Now my back hurts and my eyes are blurry. Hope this helps!

You might be interested in

Indicate whether the following statements are positive or normative. a. Raising interest rates encourages people to save: b. The

denpristay [2]

a. Raising interest rates encourages people to save: positive statement

b. The government ought to be more concerned with reducing unemployment: normative statement

c. The government should raise the tax on tobacco to discourage people from smoking: normative statement

d. The government should limit immigration: normative statement

e. Increasing gasoline taxes results in less disposable income: normative statement

f. The government should raise gasoline taxes and fix bridges: normative statement

<h3>What are normative and positive statements?</h3>

Normative statements come from a viewpoint or an opinion. As a result, the terms "should," "ought," or "it is preferable to" are commonly used. Normative statements can never be proven to be true.

Conversely, positive statements can often be put to the test in theory, if not always in practice. Positive statements are not value judgments. They are predictions of what it is, was, or will become.

Thus, option A is a positive statement and rest are normative statements.

Learn more about positive and normative statements here:

brainly.com/question/14408475

#SPJ4

3 0

2 years ago

Alejandro has many business ideas that could satisfy the unfulfilled needs of people who live in his community. However, there a

WITCHER [35]

Answer:

economic and legal

Explanation:

Out of all the options, this option fits the scenario the most and I just took the test.

5 0

3 years ago

Ice coffee costs $1.50

Shtirlitz [24]

Answer:

Explanation:

7 0

3 years ago

The Hound Dog Bus Company contemplates expanding its Virginia operations by offering services from Fairfax to Arlington. The tot

zaharov [31]

Answer:

The Hound Dog Bus Company should not expand

Explanation:

The decision to expand should be made if the incremental (marginal) cost to be incurred is less than the incremental revenue to be earned.

Incremental revenue = $60 (given)

Incremental cost = total cost - already incurred (non-incremental) cost

= 120 - 50 = $70.

Since the incremental revenue ($60) is less than the incremental cost ($70), the company should not expand.

7 0

3 years ago

A firm, with an 18% cost of capital, is considering the

mafiozo [28]

Answer:

a. $316,920

Explanation:

The computation of the net present value for Project A is shown below:

The net present value = Cash inflow after considering the discount factor - initial cost or initial investment

Cash inflow after considering the discount factor = $7,400,000

The discount factor for 4 years at 18% = 0.5158

So, the cash inflow is

= $7,400,000 × 0.5158

= $3,816,920

And, the initial investment is $3,500,000

So, the net present value is

= $3,816,920 - $3,500,000

= $316,920

3 0

3 years ago