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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 real costs of quality:A. are incurred in the quality control department. B. are frequently overstated in an organization. C.

mars1129 [50]

Answer:

E. rise significantly as defects increase in the finished product.

Explanation:

Real Cost of Quality

This cost is concerned with preventing, finding and correcting product issues relating to quality. It is the total amount used is solving quality related defects. It is the extent to which resources are used to prevent poor quality that are below the standards of the organization. The cost tend to rise whenever there's a rise in the defects found in finished products. This is because it is the cost that is used in correcting or remediating the defects.

5 0

3 years ago

Thomas was what can sometimes be called a freeloader. He took advantage of the virtues principle, gaining more than he sacrifice

larisa86 [58]

TRUE, becuase freoader means taking advantage of someone so thomas IS a freeloader.

3 0

4 years ago

Read 2 more answers

What is the purpose of tax-deferred retirement accounts?

kobusy [5.1K]

Allows individuals to set up a retirement account at financial institutions to save money for retirement. Usually has a tax free growth or tax deferred basis.

Is this free answer or is there a multiple choice?

4 0

3 years ago

Schwartz, Inc. is looking to hire one of the many outstanding students from the Management 212 class. On January 1, 2021, Schwar

ch4aika [34]

Answer:

Oral Employment Contract

We shall assume that Schwartz Inc. changed its mind some period before the May 2021 Johnny's graduation date.

We can argue that the contract is voidable by Schwartz because it was an oral contract. The protections accorded a written contract are missing. And the conditions for voiding the contract are not clearly enumerated as in a written contract.

The contract duration favors Johnny more than Schartz, Inc. because it is for a year and no more.

Therefore, since the employment contract is for a year, it is legally enforceable by Johnny.

Explanation:

But if Schwartz were to void the contract in May 2021 when no opportunity would be given to Johnny to enter into another contract immediately, we could conclude that to void the contract was unconscionable. Contracts are not voidable with a change of mind, most especially if the other party would suffer some damages as result. Contracts require legal reasons for voiding them.

8 0

3 years ago

Approximately what is the expected dollar rate of return on euro deposits if today's exchange rate is $1.18 per euro, next year'

noname [10]

Answer:

Dollar rate of return = 15.5%

Explanation:

<em>The expected dollar rate would be the dollar equivalent of the future value of the Euro deposit converted at the exchange rate applicable in a years tim</em>e .

The following steps would suffice

<em>Step 1: Future value of 1 Euro</em>

Future value of 1 Euro at 5% p.a = 1.05 Euro

<em>Step 2: Dollar equivalent of the Euro future value</em>

The Dollar equivalent of 1.05 Euro = 1.05× 1.10=1.155

<em>Step 3: The Dollar rate of return</em>

Dollar rate of return = Future value of deposit($)/initial deposit - 1

= (1.155/1) - 1 × 100

= 15.5%

Dollar rate of return = 15.5%

4 0

3 years ago