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andrew11 [14]
4 years ago
7

John is going to buy a car. He wants a used Honda. The salesmen shows him one from 2012. John's not really positive how much the

car is worth to him. The sticker says 14,000 and they end up agreeing on 12,000. If the sticker had said 13,000, John might not have agreed to 12,000 - he might have become convinced that the car was only worth 11,000 to him. While he certainly did not just accept the starting price (he made some changes away from that starting point), his final agreed upon price (or final estimate of the car's value) was still biased/influenced by the first number he heard. John is relying on the:
Business
1 answer:
m_a_m_a [10]4 years ago
4 0

Answer:

anchoring bias

Explanation:

In business, anchoring bias happens when a consumer relies on pre-existing information (in this case sales price) to make their purchasing decisions. E.g. a sales promotion where a before price is set as the anchor to show that the after price (with the discount) is a really good deal.

In this case, John started to negotiate a sales price using the sticker price as an anchor, and ended up making a good deal because he got a $2,000 discount.

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I can help you with you're resume, just message me.
7 0
3 years ago
Problem 4-4 Calculation of Gain or Loss (LO 4.3) Jocasta owns an apartment complex that she purchased 6 years ago for $750,000.
NemiM [27]

Answer:

$671,300

Explanation:

The calculation of adjusted basis in the building is shown below:-

Adjusted basis = Original cost of the property + Cost of capital improvements - Depreciation claimed

= $750,000 + $50,000 - $128,700

= $800,000 - $128,700

= $671,300

Therefore for computing the adjusted basis we simply add original cost of the property with cost of capital improvements and deduct depreciation claimed.

5 0
3 years ago
In ___________, salespeople are independent contractors who not only sell the product, but also recruit additional salespeople.
mixas84 [53]

Answer:

The correct answer is:  multi-level marketing.

Explanation:

Multi-level marketing (MLM) is appealing for workers because there is tremendous potential to make money and low entry costs. It is a business strategy in which salespeople recruit other individuals to sell products or services for them in order to earn a portion of their sales in addition to their own sales.

6 0
4 years ago
A measure of social class that is based on income, wealth, prestige and power is called? a. socioeconomic status. b. esteem. c.
tekilochka [14]

A measure of social class that is based on income, wealth, prestige and power is called socioeconomic status.

What is Socioeconomic Status?

A person's socioeconomic status is a combined economic and sociological assessment of their level of education, employment history, access to resources, and standing in society.

Therefore,

A measure of social class that is based on income, wealth, prestige and power is called socioeconomic status.

To learn more about socioeconomic status from the given link:

brainly.com/question/8625928

5 0
2 years ago
Which of the following is an example of internally caused behavior? An employee was laid off because the company was attempting
irga5000 [103]

Answer:

An employee was fired from work because he violated company policy

Explanation:

One of the factor that determine the behavior of people is the way the event arround them is interpreted. Those that can control things arround them usually take responsibility for what they do compare to set of people believing that situation arround them is beyond their control, which is explained in" attribution theory" by Fritz Heider. Internally caused behavior can be regarded as challenging behavioras a result of internal stimuli such as traits, pain and anxiety.

Out of the options given in the question only "An employee was fired from work because he violated a company policy" is an example of internally caused behavior, since the violation is on the path of the employee which is as a result of internal behavior known to him.

6 0
4 years ago
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