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astra-53 [7]
2 years ago
10

When mark buys groceries he prefers certain products simply because the products have a familiar brand name. his preference best

illustrates the importance of:_______
Business
1 answer:
katen-ka-za [31]2 years ago
5 0

When mark buys groceries he prefers certain products simply because the products have a familiar brand name. his preference best illustrates the importance of the mere exposure effect.

One must examine the effects it has to define the mere exposure effect. When you hear music on the radio for the first time and despise it, that is an example of the simple exposure effect. However, after hearing it enough times, you start to like it. You start to think you like the song despite your initial dislike because you start to become more conscious of the tune, lyrics, etc. You might end up liking the song even more in the long run than you did at first.

Simply because you are familiar with something, you tend to like it more, which is the psychological definition of the mere exposure effect, also known as the familiarity principle. This effect can affect how you feel about people, things, songs, TV shows, and pretty much anything else you might encounter repeatedly. The mere exposure effect, which is defined as people liking something more because they are familiar with it rather than for any other compelling reason, is a crucial component.

Learn more about brand name here brainly.com/question/17213306

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Suppose a community garden in your neighborhood has both individually owned plots and a large common plot. Further assume that t
kicyunya [14]

Answer:

The free rider problem

Explanation:

The free rider problem is a form of market failure in economics. It means that there's an insufficient form of commodity distribution in which some individuals are allowed to consume more than their fair share of the shared resources or pay less or not at all than the fair share of cost. In this case, tomatoes are overgrown and the common plot is over used, thus making individually owned plot perform better than the common plot. The whole free rider scenario occurs when those who benefits from communal services and goods do not pay for them or underpay for them and over use them.

8 0
4 years ago
At the current year-end, Simply Company found that its overhead was underapplied by $2,500, and this amount was not considered m
SVEN [57.7K]

Answer:

Close the $2,500 to Cost of Goods Sold

Explanation:

The under applied overhead is added to the Cost of Goods Sold amount.

The same amount would be debited to the cost of goods sold and the manufacturing overhead would be credited with the same amount that is $ 2500.

Under applied overhead means that the overhead actually incurred is more than the overhead planned of to be incurred. So we add back the amount by which it is less.

7 0
4 years ago
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the
Georgia [21]

Answer:

$22,000F

Explanation:

Calculation to determine what The activity variance for revenue for October would have been closest to:

Activity variance for revenue= (5,500*19) - (5,500*23)

Activity variance for revenue=$104,500-$126,500

Activity variance for travel expense =$ 22000 F

Therefore The activity variance for revenue for October would have been closest to:$22,000 F

7 0
3 years ago
The quantity of coffee sold fell sharply last month, while the price remained the same. Five people suggest various explanations
RoseWind [281]

Answer:

Sam

Tereza

Andrew could be right, but it depends on the magnitude changes,

Explanation:

Lorenzo is wrong because if supply decreased and the demand was unit elastic, then the equilibrium quantity will fall but the price will increase.  

Neha is also wrong because a perfect inelastic supply is a vertical line parallel to the y-axis, then if this supply decreases (shifts to the left) the equilibrium quantity will decrease but the price will increase.  

Sam is right because a perfectly elastic demand is a horizontal line parallel to the x-axis. and if supply decreases (or increases) the price will remain the same but the equilibrium quantity will decrease ( or if demand increases, it will increase).  

Teresa is also right because a perfect elastic supply looks the same as a perfect elastic demand, then if demand decreases (or increases) price will remain the same and the equilibrium quantity will decrease (or if demand increases, it will increase).  

Andrew could be right but depends on the magnitude change in demand and supply. If both (supply and demand) decrease in the same proportion, the equilibrium quantity will decrease, and the price could remain the same. But, it depends on the magnitude shifts.

5 0
3 years ago
With respect to apple pay, is apple a producer, a consumer, or an intermediary? explain.
Solnce55 [7]
I dont know the answer 
6 0
4 years ago
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