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
slavikrds [6]
2 years ago
5

Alicia is interested in purchasing a set of ear buds to use with her laptop and smartphone. She visits best buy and notices that

the prices vary from $10 to several hundred dollars. Alicia prefers wireless ear buds and compares the skullcandy model that costs $90 to a similar pair from beats by dre that cost $119. She decides to purchase the beats brand because she believes it’s a higher quality set. In this case, alicia has been influenced by the _______ effect of price.
Business
1 answer:
alex41 [277]2 years ago
8 0

She decides to purchase the beats brand because she believes it’s a higher quality set. In this case, alicia has been influenced by the Informative effect of price.

<h3>Information effect of price.</h3>

Consumers tend to use the information about the price of a product to ascertain its Quality. The is basically because the perception of quality  is usually indicated by price.

Here, Alicia buying the beats brand even thogh it costs higher than the skullcandy model  shows that she is using the information effect of price making her to perceive the beats brand as having higher quality.

Learn more on Information effect of price: brainly.com/question/7930369

You might be interested in
A year of unusually good rainfall has made it cheaper to irrigate farmlands. However, a popular new diet has persuaded some cons
Ira Lisetskai [31]

Answer:

1)Price has decreased and the effect on quantity cannot be determined

Explanation:

As of good rainfall there is a rise in supply of canola that means the shifting o feh supply curve could be right  also the demanded for the vegetable oil would decline that means the demand is falling so the demand curve would shift to the left

Therefore, the equilibrium would fall but it is unable to figure out whether the quantity would rise or not without considering the elasticities of the demand and the supply curve

Hence, the correct option is 1

3 0
3 years ago
The basic work of managers in the hospitality industry calls for: a. Being able to perform each job in the organization and make
Tamiku [17]

Answer:

d. Making the guest welcome, making the operation run correctly, keeping control operating costs.

Explanation:

The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.

The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.

8 0
3 years ago
Education is the basic requirement for profession.Explain this statement​
True [87]

Answer:

The answer is below

Explanation:

Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.

For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.

Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.

For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.

5 0
3 years ago
Formula for average inventory ​
morpeh [17]

The average of inventory is the average amount of inventory available in stock for a specific period.


To calculate the average of inventory, take the current period inventory balance and add it to the prior period inventory balance. Divide the total by two to get the average inventory amount.
6 0
3 years ago
Daisy Inc., a manufacturing company, is planning to invest in newequipment. Thomas, the cost accounting manager, was in favor as
NeX [460]

Answer:

The correct answer is D. Credibility.

Explanation:

Thomas violated the credibility of his studies, because he omitted the error which caused a false expected result.

Credibility is that characteristic of certain things that make them credible, we talk about situations, verses or estimates of a certain presence. When we say that we observe the credibility of something we are making a measurement of what is credible and not facing a series of examples in order to make a comparison in this regard.

7 0
3 years ago
Other questions:
  • 1. Why might social business be especially useful for global companies?2. What were some of the benefits that IBM social tools c
    7·1 answer
  • The right side any account is the
    12·2 answers
  • You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than
    8·1 answer
  • . If a T-bill promises to repay $10,000 in one year and the market interest rate is 6 percent, how much will the bill sell for i
    13·1 answer
  • How to calculate APS?
    11·1 answer
  • The ________ theory states that firms undertake foreign direct investment when the features of a particular location combine wit
    11·2 answers
  • Book Co. has 1.4 million shares of common equity with a par​ (book) value of $ 1.00​, retained earnings of $ 28.1 ​million, and
    10·1 answer
  • Negative externalities can diminish a property's value by imposing costs on the community at large. In order to offset this detr
    7·1 answer
  • What is one consequence of stagflation?
    8·1 answer
  • Which of the following is NOT one of the five groups in the diffusion of innovation curve
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!