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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

#SPJ4

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The management of Entertainment Electronics sees itself as a topnotch producer of components used in DVD and Blu-ray players. Th
mezya [45]

Answer: b. Core competencies

Explanation: A company's core competencies are the characteristics of the company that makes them stand out from competition. In other words, they are combination of multiple resources, knowledge, expertise and skills that differentiates them in the marketplace thereby forming a basis for competitiveness.

To be classified as a core competency, the activity must provide superior value or benefits to the end-user, should be difficult to replicate or imitate by a competitor and sometimes rare.

7 0
4 years ago
The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,
dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = <u>Annual incremental net operating income</u>

                                                  Initial investment

<u />

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment  = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000  = $69,000

Therefore, simple rate of return = $69,000  / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

6 0
3 years ago
In converting net income to net cash provided (used) by operating activities, under the indirect method:
Monica [59]
My guess would be B , Hope I helped :)
6 0
3 years ago
A company's beginning Equipment account is $100,000. It purchased $10,000 of new equipment and sold $4,000 of its equipment duri
tankabanditka [31]

The company's ending Equipment balance equals a $106,000 balance.

<h3>Ending Equipment balance</h3>

Using this formula

Ending Equipment balance= Beginning Equipment balance+New equipment- Ending Equipment balance

Where:

Beginning Equipment balance=$100,000

New equipment=$10,000

Ending Equipment balance=$4,000

Let plug in the formula

Ending Equipment balance=$100,000+$10,000-$4,000

Ending Equipment balance=$106,000

Inconclusion the company's ending Equipment balance equals a $106,000 balance.

Learn more about ending Equipment balance here:brainly.com/question/24401217

8 0
3 years ago
At the end of its first year, the trial balance of Blossom Company shows Equipment $21,500 and zero balances in Accumulated Depr
faltersainse [42]

Answer:

The adjusting entry is shown below.

Explanation:

According to the scenario, the given data are as follows:

Estimated depreciation for year = $4,300

So, the adjusting entry  for depreciation is shown below:

Adjusting Entry

Dec.31

Depreciation expense A/c Dr.     $4,300

           To Accumulated Depreciation-Equipment A/c      $4,300

(Being the Depreciation expense is recorded)

7 0
4 years ago
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