1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kondaur [170]
2 years ago
11

Richard likes to smoke tobacco from a pipe. However, he is very particular about which pipes he uses. He will only buy pipes mad

e of mahogany and that have an amber or ivory stem, even though these pipes are the most expensive. What type of consumer product does this represent
Business
1 answer:
katovenus [111]2 years ago
8 0

The type of consumer product that this represent is: Specialty product.

<h3>What is specialty product?</h3>

A specialty product is a consumer product that a person tend to buy or purchase because the product are specially made or because the buyer like the unique features of the product.

A consumer may choose to spend heavily on a product  that are more expensive or tend to  buy a particular products or brand because they like the product or because the product gives them what they want.

Inconclusion the type of consumer product that this represent is: Specialty product.

Learn more about specialty product here:brainly.com/question/7062667

You might be interested in
Last year Carson Industries issued a 10-year, 12% semiannual coupon bond at its par value of $1,000. Currently, the bond can be
Nataly [62]

Answer:

YTM = 8.93%

YTC = 8.47%

Explanation:

P = \frac{C}{2} \times\frac{1-(1+YTC/2)^{-2t} }{YTC/2} + \frac{CP}{(1+YTC/2)^{2t}}

The first part is the present value of the coupon payment until the bond is called.

The second is the present value of the called amount

P = market price value = 1,200

C = annual coupon payment = 1,000 x 12% 120

C/2 = 60

CP = called value = 1,060

t = time = 6 years

P = 60 \times\frac{1-(1+YTC/2)^{-2\times 6} }{YTC/2} + \frac{1,060}{(1+YTC/2)^{2\times 6}}

Using Financial calculator we get the YTC

8.467835879%

P = 60 \times\frac{1-(1+YTM/2)^{-2\times 10} }{YTM/2} + \frac{1,000}{(1+YTM/2)^{2\times 10}}

The first part is the present value of the coupon payment until manurity

The second is the present value of the redeem value at maturity

P = market price value = 1,200

C = coupon payment = 1,000 x 12%/2 = 60

C/2 = 60

F = face value = 1,060

t = time = 10 years

Using Financial calculator we get the YTM

8.9337714%

4 0
3 years ago
The price elasticity of supply for umbrellas is 2. Suppose you're told that following a price increase, quantity supplied increa
salantis [7]

Answer:

15%

Explanation:

The formula and the calculation of the price elasticity of supply are presented below:

Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)

where,

Price elasticity of supply = 2

And, the percentage change in quantity supplied is 30%

So, the percentage change in price is

= 30% ÷ 2

= 15%

7 0
3 years ago
What are the main purposes of a budget?
disa [49]
In the context of business management, the purpose of budgeting includes the following three aspects:

•A forecast of income and expenditure (and thereby profitability)

•A tool for decision making

•A means to monitor business performance
7 0
3 years ago
Read 2 more answers
In most transactions, the buyer is accepting the condition of the property at what point in time:_________
Dmitriy789 [7]

Answer:

b. At the signing of the contract

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent and it is at this point they (buyer and seller) sign the contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

<em>Hence, in most transactions, the buyer is accepting the condition of the property at the signing of the contract as an approval or consent to the terms and conditions. </em>

7 0
3 years ago
An economist has predicted 2% inflation during the next 10 years. how much will an item that presently sells for 100 cost in 10
VikaD [51]

Answer:

With 2% inflation during the next 10 years, an item that presently sells for 100 will cost 102 in 10 years' time.

Explanation:

However, if the predicted inflation rate of 2% happens year on year, then the cost of the item will become 121.90 (100 (1+ 2%)∧10), compounded annually.  In itself, inflation is the decline of the purchasing power of a given currency over some period of time.   It is a quantitative measure of the rate at which the decrease in the purchasing power of the selected currency occurs, and how this is reflected in the price level of a basket of selected goods and services in that economy over some period of time.

4 0
3 years ago
Other questions:
  • A random sample of 900 individuals has been selected from a large population. It was found that 180 are regular users of vitamin
    9·1 answer
  • Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea
    13·1 answer
  • Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an opera
    9·1 answer
  • 1.
    13·2 answers
  • Certain brand names, such as Kleenex and Rollerblade, fear they could become _________, because they are so commonly identified
    9·1 answer
  • Which of the following statements is true regarding today's marketing communications?
    7·1 answer
  • In what section of the statement of cash flows will the issuance of bonds payable to acquire a building be reported?
    7·1 answer
  • Octavia has received an email from a customer asking her a question about a product unfortunately Octavia doesn't know the answe
    15·2 answers
  • The federal and most state judicial branches have at least these three levels in the court system:
    15·1 answer
  • Three shareholders brought an action in federal district court for a violation of federal securities law against a corporation.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!