Consumer choice occurs when a buyer has an almost unlimited selection of products that are very difficult to differentiate between.
<h3 /><h3>What is Consumer Choice</h3>
Consumer choice refers to the aspect of microeconomics that deals with the decisions consumers make with regard to products and services.
This involves how consumers decide which products to purchase or consume over time.
<h3>Factors affecting Consumer Choice</h3>
- Psychological Factors
- Social Factors.
- Cultural factors
- Personal Factors
- Economic Factors
Learn more about Consumer Behavior at https://brainly.in/question/1232898
Answer:
Financial market
Explanation:
Financial market- it is that market place where market like stock, bond, Forex etc are trading. it is responsible for proper functioning of capitalist economies.
the different type of financial market is given below
1) stock
2) Bond
3) foreign exchange
4) commodities
it is like a new resource that provide easy return for those who want to invest their extra income.
Common stocks are stocks also known as securities that show how and who has ownership in the corporation. Those who own common stock have some control over the corporation and are decision makers within the company. The advantages of common stock are that those who own them have shares in the company and make decisions. A disadvantage of common stock is the financial risk that comes with it.
Answer:
Product Mix
Explanation:
Product Mix is defined as the combination of products produced to increase the market share of the company and ultimately the profits for a company. The Procter and Gamble (P&G) Company produces many different products including deodorants, cookies, shampoo, cake mix, disposable diapers, laundry detergents, bar soaps and many other types of products to increase the market share of the company.
Answer and Explanation:
Old equipment=2.5 mins per serving bowl
New equipment=1.5 mins per serving bowl
With old equipment, in one hour Eddy Jones can produce 60/2.5= 24 serving bowls
With new equipment, in one hour Eddy Jones can produce 60/1.5= 40 serving bowls
With old equipment, in 8 hours Eddy Jones can produce 24*8=192 serving bowls
With new equipment, in 8 hours Eddy Jones can produce 40*8=320 serving bowls
Therefore in 8 hours with new equipment Eddy Jones will produce 320-192= 128 more serving bowls than with old equipment.
