It is based on level of consumer depending upon the consumer behavior.
<h3>Consumer behavior </h3>
There are different stages consumer pass through to reach a buying decision making. Consumer decision making process represents a problem-solving approach and involves the following five stages – need recognition, information search, evaluation of alternatives, purchase decision and post-purchase behavior .
Extensive problem-solving. Consumers have not yet established a criteria for evaluating the product.
Limited problem-solving. Consumers have established a basic criteria for product evaluation.
Routinised-response behavior. Consumers have some experience with the product category.
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My response would be Tiffany is incorrect; a manager's actions can be legal but ethically questionable.
Ethics is a set of morals expected to be imbibed an followed by members of a particular profession. An action is considered legal if the action is in line with what is set forth is the laws set forth.
An action can be legal but not ethical but all ethical actions are legal. Consider a trader in a developing economy. In that country, there is no law prohibiting insider trading so it is legal to carry out insider trading. Even though it is legal, it is ethically wrong to conduct insider trading because a party would be advantaged to the detriment of other people.
Here are the options:
- Tiffany is correct; law and ethics are synonymous and should be used interchangeably in business.
- Tiffany is correct; whatever is legal is always ethical in business.
- Tiffany is incorrect; a manager's actions can be legal but ethically questionable.
- Tiffany is incorrect; there is no relationship between laws and ethics except when the board of directors approve an action.
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Answer:
b. $10,000
Explanation:
Estimated selling price - Estimated cost of disposal = Net realisable value ceiling.
NRV Ceiling = $208,000 - $10,000 = $198,000
Net realisable value Floor = Ceiling - normal profit margin
NRV Floor = $198,000 - $6,000 = $192,000
Market value Current replacement cost = $190,000
Market Loss = NRV ceiling - RC
Market loss = $200,000 - $190,000 = $10,000
Answer:
To qualify, the goods exported must have <u>50</u> percent U. S. content. This results in a tax reduction of <u>15</u> percent.
Explanation:
Foreign sales corporations (FSC) no longer exist. The FSC corporation had to be set up in the US, but it had to operate in foreign countries that complied with information agreements with the US government (IRS). It helped exporting companies to lower taxes, but they ceased to exist in year 2000.
Prices prevent this. Lots of people can't afford to get as much as they wish, rather as much as they can buy. That's why a market system and stores don't sell out so easily, because people don't buy as much as they really wish for, but how much they need.
Hope this helps!
