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2 years ago

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

Business

1 answer:

sesenic [268]2 years 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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JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts.

Strike441 [17]

Answer:

Annual demand = 75000 = D

S = ordering cost/set up cost = $53

d = daily demand = 75000/250 = 300

h = holding cost per unit per year = $25

p = Daily production rate = 320

optimal size of the production run =EPQ = sqrt((2*D*S)/(h*(1-(d/p))))

= sqrt((2*75000*53)/(25*(1-(300/320))))

= 2255.659549 = 2255.66 (Rounded to 2 decimal places)

maximum inventory = EPQ*(1 - (d/p))

= 2255.66*(1 - (300/320))

= 140.97875

Avergae inventory = 140.97875/2 = 70.49

Number of production runs = Annual demand/EPQ = 75000/2255.66 = 33.25

Holding cost with EPQ = 2255.66 = 70.49*25 = 1762.25

With EPQ = 500, maximum inventory = 500*(1 - (300/320)) = 31.25

Holding cost with EPQ = 500, holding cost (31.25/2)*25 = 390.625

Savings = 1762.25 - 390.625 = 1371.625

6 0

3 years ago

As an alternative to managing stressors, many organizations teach employees to use _____ to counteract the effects of stressors

Korolek [52]

Answer:

relaxation techniques

Explanation:

Many companies know a day teach employees relaxation techniques in order to counteract the effects of stressors. Such techniques can include breathing focus methods, Yoga, Tai Chi, Qigong, Mindfulness Meditation, etc. These all help relax both the body and mind to maintain a healthy balance. These relaxation techniques are extremely popular within the tech industry since many programmers and individuals in this industry work insanely long hours.

8 0

3 years ago

If the money supply is MS2 and the value of money is 5, then the quantity of money an. demanded is greater than the quantity sup

nlexa [21]

Answer:

If the money supply is MS2 and the value of money is 5, then the quantity of money

a. demanded is greater than the quantity supplied; the price level will rise.

Explanation:

If the money supplied is greater than the quantity demanded; the price level will fall. The quantity theory of money, popularized by Irving Fisher but developed by John Maynard Keynes, states that the value of money is influenced by the forces of demand and supply. This theory implies that money supply and price level proportionally influence each other.

3 0

3 years ago

During the planning process, if there is a gap between future desired sales and projected sales, corporate management will need

atroni [7]

Answer:

They are:

1) Intensive growth

2) Integrative growth

3) Diversification growth

Explanation:

1. Intensive growth:

This involves identifying further growth opportunities that are available within existing businesses. It identifies new customer groups for growth within current businesses, develop additional distribution channels or selling in new markets such as those in other countries. If this is insufficient the company may look into Integrative growth.

2. Integrative growth:

The second involves involves backward, forward, or horizontal integration. Horizontal integration involves buying smaller competitors.

Backward integration reaches into value chain to get suppliers. Forward involves buying distribution channels in the value chain closest to the customer. Integrative growth identifies opportunities to acquire businesses that are in relation to current businesses.

3. Diversification:

Diversification growth is to identify opportunities so as to add attractive unrelated businesses

8 0

4 years ago

A U.S. exporter sells $150,000 of furniture to a Latin American importer. The exporter requires the importer to obtain a letter

grandymaker [24]

Answer:

5.52%

Explanation:

Cost of Furniture= $150,000

discount= 5.25% (120-day note)

To get the exporter's true effective annual financing cost, we have:

$150,000*[1-(0.0525*120/360)] = 147,375$

=(150,000/147,375) 365/120-1 = 5.52%

Therefore, the exporter's true effective annual financing cost is 5.52%

6 0

3 years ago