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1 year ago

Which purchase situation is most likely a low involvement purchase for the consumer?

Business

1 answer:

sesenic [268]1 year ago

4 0

Tyrone is buying a cup of coffee at the corner coffee shop, which he does most days.

This is further explained below.

<h3>What is a consumer?</h3>

Generally, The process through which a company or other organization acquires the products or services it needs to meet its objectives is known as purchasing.

Even though there are various organizations that make an effort to provide standards for the buying process, individual firms' procedures might be quite different from one another.

A person or group is considered to be a consumer if they intend to order, do order, or use purchased goods, products, or services primarily for personal, social, family, household, and similar needs that are not directly related to entrepreneurial or business activities.

Consumers can be individuals or groups.

In conclusion, Tyrone is doing what he does almost every morning, which is going to the coffee shop on the corner and purchasing a cup of coffee.

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Answer:

the mortgage.

Explanation:

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3 years ago

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If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the m

Marat540 [252]

Answer:

A surplus of avocados will result from the price ceiling.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

A price ceiling is binding when it is set below equilibrium price.

The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price

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2 years ago

Why do you think wants is less important?

viktelen [127]

Answer:

Wants is less important because you don't need it/them to survive, you can live with only your needs, you should only get your wants only if you can afford it and still have enough money for needs.

Explanation:

I don't know if that made sense lol

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3 years ago

Dorothy Taylor has won a state lottery and will receive a payment of $93,000 every year, starting today, for the next 20 years.

Firlakuza [10]

Answer: The answer is $1,092,865.5426

To the nearest whole dollar, we have:

$1,092,866

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We will be performing a discounting operation.

Refer to the attached files below to see the calculations and how we arrived at the answer above.

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2 years ago