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2 years ago

Buying goods and services not for their intrinsic value but for the purpose of impressing others is called?

1 answer:

3 0

Buying goods and services not for their intrinsic value but for the purpose of impressing others is called Conspicuous consumption.

What is Conspicuous consumption?

Conspicuous consumption is the act of acquiring things or services specifically with the intention of flaunting one's wealth. When publicly displayed products and services are too expensive for other people in a person's class, conspicuous consumption is a way to demonstrate one's social position. Although it is frequently associated with the wealthy, this type of consumerism can occur in any income class.

Conspicuous consumption is characterized by buying products that are solely intended to serve as symbols of wealth, such as apparel with luxury brand labels, cutting-edge equipment and toys, and automobiles.

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Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hour

denis23 [38]

Answer:

1. Stock markets reflect all available information about the value of stocks AND

2. Changes in stock prices are impossible to predict.

Explanation:

The characteristics that are consistent with the efficient markets hypothesis are that

1. Stock markets reflect all available information about the value of stocks

By definition efficient markets are those whose asset prices reflect all available information.

2. Changes in stock prices are impossible to predict.

The efficient market hypothesis has been described as a backbreaker for forecasters. In its crudest form it effectively says that the returns from speculative assets, are unforecastable.

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2 years ago

A corporation has $7,000,000 in income after paying preferred dividends of $500,000. The company has 1,000,000 shares of common

Finger [1]

Answer:

Price earning ratio= 8 times

Explanation:

Price earning ratio = Price per share /Earnings per share

Price per share = 56, EPS =?

Price per share =56, EPS = Total earnings available to ordinary shareholders/Number of shares

7,000,000/1,000,000= $7 per share

Price earning ratio = 56/7= 8 times

Price earning ratio= 8 times

8 0

3 years ago

when perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. when it sells one hundred units

Ghella [55]

Answer:

B) $4.67

Explanation:

By definition marginal revenue is the revenue generated by the sale of one more unit of product Z.

Marginal revenue = unit price

Since firm X participates in a perfectly competitive market, it is a price taker, and since the marginal revenue is constant, we can assume that this is the equilibrium price of product Z.

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3 years ago

When effective communication affected your success at work

artcher [175]

Answer:

Being able to communicate at school and in the workplace may mean the difference between success and failure. With your peers, communication helps you to engage and find common ground, allowing you to build friendships that not only last a lifetime, but may lead to future employment opportunities.

Explanation:

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3 years ago

Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she doe

Fynjy0 [20]

Answer:

b. an indicator of quality.

Explanation:

Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as an indicator of quality.

Value-based pricing is a strategy of setting prices primarily based on a consumer's perceived value of a product or service.

Price is an Indicator of Value From a consumer's standpoint because it is often used to indicate value when it is compared with perceived benefits such as the quality .

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2 years ago