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Novay_Z [31]
2 years ago
6

When is a consumer most likely to engage in cognitive decision-making?

Business
1 answer:
Elenna [48]2 years ago
8 0

A consumer is most likely to engage in cognitive decision-making when: The outcome of the decision has a high degree of risk.

<h3>Cognitive decision-making </h3>

A consumer can tend to engage in cognitive decision-making when  the following occur:

  • When the decision making  mode is most common.
  • When the decision making  is related to the consumer  self-concept.
  • When the outcome or the result of the decision made by the consumer  has a high degree of risk.

Therefore a consumer is most likely to engage in cognitive decision-making when: The outcome of the decision has a high degree of risk.

Learn more about cognitive decision-making here:brainly.com/question/27413209

#SPJ12

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The correct answer is option A.

Explanation:

The price elasticity of demand is the measurement of responsiveness of demand for a commodity to change in its price level.

The price elasticity is derived by the ratio of change in quantity to change in price.

If the change in the quantity demanded of the commodity is greater than the change in its price, in that case the price elasticity of demand will be greater than 1 in absolute value.

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The correct answer is Community swimming pools.

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3 years ago
On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. T
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Answer:

Income statement using absorption costing.

Sales                                                                                   $756,000

Less Cost of Goods Sold  

Opening Stock                                           $0

Total Manufacturing Costs                  $655,000

Less Closing Stock                              ($104,800)          ($550,200)

Gross Profit                                                                       $205,800

Less Operating Expenses

Selling and administrative expenses:

Variable                                                $35,000

Fixed                                                      $10,500              ($45,500)

Net Income                                                                        $160,300

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