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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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After conducting a market research study, Magnificent Manufacturing decided to produce a new interior door to complement its ext

marta [7]

Answer:

Target sales revenue = $7,830,000

Explanation:

given data

target price = $270

annual target sales volume = 29,000

target operating income = 40%

to find out

Target sales revenue

solution

we will get here Target sales revenue that is express as

Target sales revenue = target price × annual target sales volume .................1

put here value we get

Target sales revenue = $270 × 29000

Target sales revenue = $7,830,000

6 0

3 years ago

ACME Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expense

Elodia [21]

Answer:

$23,740

Explanation:

Given that,

Sales = $103,000

Fixed expenses for the month = $36,000

Contribution margin ratio = 58%

Net operating income:

= (Contribution margin ratio × Sales) - Fixed expenses for the month

= (0.58 × $103,000) - $36,000

= $59,740 - $36,000

= $23,740

Therefore, the best estimate of the company's net operating income in a month when sales are $103,000 is $23,740.

8 0

3 years ago

A coffee distributor needs to mix a(n) Costa Rican coffee blend that normally sells for $9.50 per pound with a Kenya coffee blen

snow_tiger [21]

Answer:

5,11 pounds of Costa Rican coffee and 64,89 pounds of Kenya coffee

Explanation:

First, we need to know the proportion of every coffee in the mix trying with different percentages until getting the result of $13,49

($9,50*25%)+($13,80*75%)=$12,73

($9,50*10%)+($13,80*90%)=$13,37

($9,50*7,5%)+($13,80*92,5%)=$13,48

($9,50*7,3%)+($13,80*92,7%)=$13,49

So, the percentage of Costa Rican coffee is 7,3% and Kenya coffee is 92,7%

And we can get the pounds required to get 70 pounds

70*7,3%=5,11

70*92,7%=64,89

We need 5,11 pounds of Costa Rican coffee and 64,89 pounds of Kenyan coffee to create 70 pounds of mixed coffee that can sell for $13,49 per pound

8 0

4 years ago

which florida law requires owners and operators of motor vehicles to be financially responsible for damages and or injuries they

mrs_skeptik [129]

The Financial Responsibility Law

8 0

3 years ago

Read 2 more answers

Controlling the money supply to achieve desired macroeconomic goals is called

Sergio [31]

Answer:

The answer is monetary policy

Explanation:

Monetary policy is an economic policy that manages the size and growth rate of the money supply in an economy. It is a powerful tool to regulate macroeconomic variables such as inflation, consumption, growth and liquidity.

3 0

3 years ago