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Juli2301 [7.4K]
2 years ago
9

Select the things are considered psychological influences on the purchase decision process? (select all that apply) multiple sel

ect question.
Business
1 answer:
nekit [7.7K]2 years ago
8 0

The psychological influences that are known to have an effect on the reason why people carry out purchase decisions are:

  • Value,
  • beliefs,
  • attitudes
  • Learning

<h3>What is meant by the term purchase decision?</h3>

The term purchase decision has to do with all of the decisions that are known to affect the ways' that humans would have to carry out the buying and other purchase of goods and services. The purchase decisions may have to do with all that has to do with buying minor goods that are as little as a pair of slippers and the major goods that would require better planning such as the purchase of a house.

Hence we can say that The psychologial influences that are knwon to have an effect on the reason why people carry out purchase decisions are:

  • Value,
  • beliefs,
  • attitudes
  • Learning

Read more on purchase decisions here

brainly.com/question/7029808

#SPJ1

Complete question

Which of the following are considered psychological influences on the purchase decision process? (Check all that apply.)

Value, beliefs, and attitudes

Learning

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Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus
aksik [14]

Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.

<h3>What is Comparative Advantage?</h3>

Generally, Superior performance in one economic activity (such as the production of one product) over another.

In conclusion, Using the same amount of resources, the nation of Zanzibar can produce 12 million lb of beef or 5 million lb of pork. Zanzibar has an n-Comparative Advantage in the beef market compared to the pork market.

Read more about Comparative Advantage

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7 0
2 years ago
If the firm spends the additional $293,000 for advertising in year 2, what is the sales level in dollars required to equal the y
V125BC [204]

Question Completion:

Eagle Company makes the MusicFinder, a sophisticated satellite radio. Eagle has experienced a steady growth in sales for the past five years. However, Ms. Luray, Eagle's CEO, believes that to maintain the company's present growth will require an aggressive advertising campaign next year. To prepare for the campaign, the company's accountant, Mr. Bednarik, has prepared and presented to Ms. Luray the following data for the current year, Year 1:

Variable costs:

Direct labor (per unit)                $92

Direct materials (per unit)           39

Variable overhead (per unit)       15

Total variable costs (per unit) $146

   

Fixed costs (annual):

Manufacturing                     $386,000

Selling                                    292,000

Administrative                       796,000

Total fixed costs (annual) $1,474,000

 

Selling price (per unit)  $419

Expected sales revenues, Year 1 (23,000 units) $9,637,000

Eagle has an income tax rate of 30 percent.

Answer:

Eagle Company

The sales level in dollars required to equal the year 1 after-tax operating profit is:

$10,086,587.

Explanation:

a) Data and Calculations:

Selling price per unit             $419

Total Variable cost per unit  $146

Contribution per unit           $273

Year 1 After-tax operating profit:

Sales revenue (23,000 * $419) = $9,637,000

Variable costs (23,000 * $146) =    3,358,000

Contribution (23,000 * $273) =   $6,279,000

Total fixed costs (annual) =           $1,474,000

Before Tax profit =                       $4,805,000

Income tax (30%) =                          1,441,500

After-Tax profit =                         $3,363,500

To produce the same after-tax profit, which is equal to $3,363,500 with the additional $293,000 for advertising in year 2, the before tax profit will also be $4,805,000.  And the new fixed costs will increase to $1,767,000 ($1,474,000 + $293,000).

Therefore, Sales unit to produce target profit of $4,805,000, equals to:

= (Fixed costs + Target profit)/Contribution margin per unit

= ($1,767,000 + $4,805,000)/$273

= 24,073 units

Sales level in dollars = 24,073 * $419 = $10,086,587

Check:

Variable cost = 3,514,658

Contribution    6,571,929

Fixed costs      1,767,000

Target profit   4,804,929 approx. = $4,805,000

7 0
3 years ago
Wintertime Company produces the handles which are used in the production of their snow shovels. Wintertime’s costs to produce 60
Firlakuza [10]

Answer:

Option C

Explanation:

There will be 15,000 increase in net income for purchasing the handles from outside supplier as it saves us a cost of 15,000

Cost of manufacturing 60,000 handles = $150,000

If the company purchases it from outside = 2.25 per handle  x 60,000 handles  = $135,000

fixed factory overheads of $ 25,000 will be still there as additional cost

Additional rental income = 25,000

Outsourcing handles = cost to purchase + fixed factory overhead - rental income

Outsourcing handles = 135,000 + 25,000 - 25,000

Outsourcing handles = 135,000

Net Income effect = Cost of manufacturing - Cost to outsouce

Net income effect = 150,000 - 135,000

Net income effect = 15,000 increase

4 0
3 years ago
A company estimates that 0.7% of their products will fail after the original warranty period, but within two years of the purcha
Usimov [2.4K]

Answer:

The company's expected value of each warranty sold = $45.55

Explanation:

x = Resulting value for the company of replacing a failed product = Price two-year-extended warranty - Replacement cost = $48 - $350 = -$302

y = Resulting value for selling extended warranty to a product that does not fail = Price two-year-extended warranty = $48

Px = Probability of X occurring = 0.7%

Py = Probability of y occurring = 100% - Px = 100% - 0.7% = 99.30%

Therefore, we have:

The company's expected value of each warranty sold = (x * Px) + (y * Py) = ((-$302) * 0.7%) + ($48 * 99.30%) = $45.55

8 0
3 years ago
Youngston Company (a Massachusetts employer) wants to give a holiday bonus check of $750 to each employee. Since it wants the ch
stepan [7]

Answer:

Gross bonus=$1,148.54

FIT=252.68

OASDI=71.21

HI =16.65

MASS. TAX=58.00

Explanation:

Calculation for the withholding taxes and the gross amount of the bonus

Calculation for gross amount of the bonus

Gross amount of the bonus= [$750/ (1- 0.22 - 0.062 - 0.0145 - 0.0505] - 0.01

Gross amount of the bonus= [$750/ (0.78 - 0.062 - 0.0145 - 0.0505] - 0.01

Gross amount of the bonus= [$750/ 0.653] - 0.01

Gross amount of the bonus=1,148.545-0.01

Gross amount of the bonus=$ 1,148.54

Therefore the Gross amount of the bonus will be $ 1,148.54

Calculation for the withholding taxes

FIT =1148.54 * 22%

FIT=252.68

OASDI= 1148.54 * 6.2%

OASDI=71.21

HI=1148.54 * 1.45%

HI =16.65

MASS. TAX =1148.54 * 5.05%

MASS. TAX =58.00

NET 750.00

[$1,148.54-(252.68+71.21+16.65+58.00)]

Therefore the withholding taxes are:

FIT=252.68

OASDI=71.21

HI =16.65

MASS. TAX = =58.00

7 0
3 years ago
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