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
Shkiper50 [21]
1 year ago
14

Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's _______. a

. demand and supply attain the state of price equilibrium b. price is set too high in their minds c. demand is inelastic d. manufacturer gains very little profit from the product
Business
1 answer:
Mice21 [21]1 year ago
8 0

Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's (B) price is set too high in their minds.

  • Consumers assume that a higher price denotes a higher quality, but they also assume that they will have to make a bigger financial investment to buy the product.
  • As a result, perceived value is the result of the trade-off between perceived quality (i.e., gain) and perceived sacrifice (i.e., loss).
  • Lower costs may help you win the sale if the customer feels like they are receiving a good deal.
  • On the other side, cheap prices could imply that the item is of subpar quality.

<h3>What is consumer perception of price?</h3>
  • Price perception is influenced by how well people comprehend and interpret price information.
  • One of the customer evaluations used to compare the level of sacrifice required to receive items and services is price perception (Zeithaml,1988).

Learn more about consumer perception of price brainly.com/question/7127830

#SPJ2

You might be interested in
The selection of an appropriate inventory cost flow assumption for an individual company is made by
Butoxors [25]

Answer: Management

Explanation:

The management is one of the type of organization that manage the various types of business activities for the purpose of achieving the goals and the following are some main function of the management are as follows:  

  • Controlling the system
  • Planning the overall function
  • Organizing

 According to the given question, the selection of the inventory cost flow in the system by the company then it is known as the management as it handles all the inventory business of the various types of products and the services in the management.

  Therefore, Management is the correct answer.  

3 0
3 years ago
On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accum
Nataliya [291]

Answer:

On disposal, the carrying amount of the asset is derecognized by  

Debit Other income/disposal account (p/l)   $20,000

Credit Asset account     $20,000

Being entries to derecognize the cost of the delivery van

Debit Accumulated depreciation account  $18,000

Credit Other income/disposal account (p/l)   $18,000

Being entries to derecognize the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account    $2,000

Credit Other income/disposal account (p/l)   $2,000

Being entries to record cash collected on  disposal of the asset

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal. The proceed from the disposal of an asset may be recorded in the disposal or other income account.

On disposal, the carrying amount of the asset is derecognized by  

Debit Other income/disposal account (p/l)

Credit Asset account  

with the cost of the asset, then,

Debit Accumulated depreciation account

Credit Other income/disposal account (p/l)

With the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account

Credit Other income/disposal account (p/l)

with the amount received from the disposal or sale of the asset

4 0
3 years ago
The Ricardian equivalence theorem states that
motikmotik

Answer: The Ricardian equivalence theorem states that : <u>"A. an increase in the government budget deficit has no effect on aggregate demand."</u>

Explanation: Ricardian Equivalence establishes that when the government increases the expenses financed with debt to try to stimulate the demand, this increase of the expenses does not produce any change in the demand.

This happens because the increases in the public deficit will be higher taxes in the future. Therefore, taxpayers reduce their consumption and increase their savings in order to offset the cost that will be the future tax increase.

5 0
3 years ago
An economy starts in a long-run equilibrium, but then a severe drought kills crops and dramatically increases the price of food.
Triss [41]

Answer:

increase the money supply, but prices would forever be higher.

Explanation:

In this scenario, an economy starts in a long-run equilibrium, however a natural disaster such as drought kills crops and dramatically increases the price of food in the market. Thus, if the Federal Reserve wanted to stabilize the economy and return it back to full employment, it would increase the money supply, but prices would forever be higher.

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

4 0
3 years ago
Consider a business that can be run using a make-to-stock or make-to-order process. Further suppose that your demand is 10000 pe
Scorpion4ik [409]

The best choice would be Choose Make-to-Order Process.

Option b

<u>Explanation:</u>

Make to order (MTO) also known as made to order, is a type of business production strategy which allows the customers to buy the products that are designed or customised based on their own specifications.

In simpler words, this process involves the production of customised goods after the consent of the consumers.

Here it has been mentioned that the demand is 10,000 units per month and the capacity of the company production is 15,000 units. So, it can be inferred that the company would have enough time to produce the goods based on the desirability of the customers. (customised products).

Therefore, the best choice would be Choose make-to-order process.

6 0
3 years ago
Other questions:
  • The transparency of competitive advantage refers to the extent to which
    11·1 answer
  • For each item described: Identify the type of account (Asset, Liability, Equity, Revenue or Gain, Expense or Loss), normal balan
    8·1 answer
  • Bob likes to buy and sell things. Assume Bob made the following transactions: he bought an antique for $300 and sold it for $500
    6·1 answer
  • A paint manufacturing company produces three paint bases of differing quality. Due to throughput limitations (measured in gallon
    9·1 answer
  • The probability of a loss occurring can be reduced by
    7·1 answer
  • The supply of pineapples in Hawaii increases, causing pineapple prices to fall. Lower prices mean that Hawaiian households will
    11·2 answers
  • A company pays all selling expenses in the month incurred. Budget information includes: Administrative salaries: $50,000; Sales
    7·1 answer
  • Coronado Industries produces 1000 units of a necessary component with the following costs:
    6·1 answer
  • Over the last year, Calzone Corporation paid a quarterly dividend of $0.10 in each of the four quarters. The current stock price
    14·1 answer
  • What term describes a ban or restriction on trade with another country?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!