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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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The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes fo

antoniya [11.8K]

Answer:

Employee Credit Union at State University

1. Allocation of the $2 million:

Automobile loans $____667,500_____

Furniture loans $_____332,500__

Other secured loans $___335,000_____

Signature loans $_____165,000____

Risk-free securities $____500,000____

2. The projected total annual return is:

= $188,300.

Explanation:

a) Data and Calculations:

Type of Loan/Investment Annual Rate Allocation based Annual

of Return (%) on constraints Returns

Automobile loans 8 $667,500 $53,400

Furniture loans 10 332,500 33,250

Other secured loans 11 335,000 36,850

Signature loans 12 165,000 19,800

Risk-free securities 9 500,000 45,000

Total $2,000,000 $188,300

Amount available for investment = $2 million

Restrictions:

Type of Loan/Investment Constraints Allocation based

on constraints

Automobile loans = ($332,500 + $336,000) $667,500

Furniture loans = ($667,500 - $335,000) 332,500

Other secured loans = ($500,000 - $165,000) 335,000

Signature loans = (11% * 75% * $2,000,000) 165,000

Risk-free securities = (25% * $2,000,000) 500,000

Total loans = Total funds available $2,000,000

5 0

3 years ago

Define empathy end explain why it is important for effective customer service.

Eduardwww [97]

Answer:

to understand one another personal opinion about each other.

Explanation:

let's say you trying to sell a product that helps people with feet problems. and you say no more foot pain hello to name give the product. people are going to show the empathy by saying the product should be more out their in the to get more sells or sample for the product be able work and get more of a review. and finally say how would they recommend to any other person who has foot problems all over the world. I hope this help a little bit.

7 0

3 years ago

Suppose that you prefer reading a book you already own to watching tv and that you prefer watching tv to listening to music. if

WINSTONCH [101]

<span>The opportunity cost of reading is watching TV.
</span>
Opportunity cost alludes to an advantage that a person could have gotten, yet offered up, to make another course of move. Expressed in an unexpected way, an opportunity cost that shows an alternative given up when a choice is made. This cost is, accordingly, most significant for two totally unrelated occasions.

8 0

3 years ago

A union declares it will be engaging in a partial strike whereby its employees will alternate between working for a period of ti

nikdorinn [45]

Answer:

a. The employer is correct. The union must either strike or work—it cannot alternate between working and striking.

Explanation:

Since in the question it is given that that employee work for a less days or less hours prior walk off to the job again. Also the employer would claimed that the union does not have the legal right to have partial strike so here the employer is correct as the union could be do one thing at a time i.e. strike or work

So statement a is correct

7 0

3 years ago

Monopoly producers are faced with A. only a few competitors producing the same product. B. no competitive producers of the same

VashaNatasha [74]

Answer:

B) no competitive producer of the same product

Explanation:

Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.

Characteristics of a Monopoly

1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.

2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.

3) Unique product: The product sold in a monopoly are unique have little or no close substitute.

4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.

5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.

6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.

3 0

4 years ago

Read 2 more answers