Answer:
decreasing marginal benefit.
Explanation:
A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.
When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.
Consumption after this point is known as decreasing marginal benefit to the customer.
This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.
Answer:
$146,212.00
Explanation:
PMT which is the annual savings is $2000
Rate is 8%
The annual savings would last for 25 years(65-40)
FVIFA FACTOR=(1+r)^n-1/r
r=8%
n=25
FVIFA FACTOR=(1+8%)^25-1/8%
FVIFA FACTOR=(1.08)^25-1/0.08
FVIFA FACTOR=(6.848475196-1)/0.08=73.106
Amount in the account at retirement=PMT*FVIFA FACTOR
Amount in the account at retirement=$2000*73.106=$146,212.00
Answer:
<em>c. evaluative criteria
</em>
Explanation:
Evaluative criteria are <em>when a consumer chooses a different product because of factors like value, cost, and functionality from the one they initially had in mind. </em>
It could take a little while for certain consumers to study and explore different goods before they purchase.
While some, just before they purchase, can make the decision automatically.
Answer: Cost leadership strategy
Explanation:
Cost leadership strategy is a business strategy in which a business operates at the lowest possible cost within it's industry so as to create a competitive advantage. This strategy is controlled by size, scope and cumulative experience, efficiency, etc.
Cost leadership strategy helps to :
I. Reduce the rate of competition in the market.
II. Enhance business sustainability.
III. Yield more profit for businesses.
First option.
Indeed, some people may benefit by paying the artificial price, but not all as other people may not be able to satisffy all their demand as a price ceiling will also effectively create a shortage due to the low prices disincentivizing producers.