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GaryK [48]
4 years ago
8

The ________ hierarchy of effects assumes the consumer does not initially have a strong preference for one brand over another. I

nstead
Business
1 answer:
astra-53 [7]4 years ago
3 0

Answer: lower involvement hierarchy

                                                   

Explanation: In simple words, it refers to an advertising model which assumes that individual customers develop their preference only after using a product and having a healthy experience from it.

This model assumes that advertising is of high necessity in market as the potential customer initially act on the basis limited knowledge they get of that product. Thus, to initially attract customers a company should make their customers aware and informed on a decent level.

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The definition of income effect is best defined as: ___________. Select the correct answer below: The state in which the ratio o
LenaWriter [7]

Answer:

The idea that a higher price means the buying power of income has been reduced.

Explanation:

The income effect is defined as the change in consumption of goods of services after a change of income. If income grows, it is expected that the consumption of goods and services will also grow (this can be measured by the marginal propensity to consume), and viceversa.

If prices rise, the buying power of income will be reduced even if income has grown. If prices rises even more than income, the buying effect of income will fall even more. This two statements can be both explained by the income effect concept.

8 0
3 years ago
Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem
ioda

Answer:

1.53 Million

Explanation:

The reason is that the Environment Protection Agency is a qualified organization and donations made to qualified organization are allowable expense under the US tax rules, so the gross income will include a net amount which is the actual amount left for Hal Gore and which is $1.53 million ($2.1 m - 0.57).

8 0
4 years ago
Problem 5-15 Comprehensive Problem-Weighted-Average Method [LO5-2, LO5-3, LO5-4, LO5-5] Sunspot Beverages, Ltd., of Fiji uses th
Alla [95]

Answer:

1.                                Blending Department

                       Equivalent units of production (EUP)

                                      Units   %material   EUP     %Conversion    EUP

Units Completed and  160000  100%      160000     100%           160000

transferred out

Units of Ending work   40000   100%        40000      25%            10000  

in process

Equivalent units of production                200,000                     170,000

2. Cost per Equivalent unit

                                                               Material    Conversion

Cost of Beginning Work in Process     $25,200      $24,800

Cost added during June                       <u>$3,34,800   $238,700 </u>

Total Costs                                             $360,000   $263,500

/Equivalent units of Production             <u>  200000      170000  </u>

Cost per Equivalent unit of Production <u> $1.80           $1.55</u>

<u></u>

3. Cost of ending WIP                

                                                    EUP     Cost per EUP   Total Cost

Material                                     40000          $1.80            $72,000

Conversion                                10000           $1.55           <u>$15,500</u>

Total Ending work in process                                            <u>$87,500</u>

<u></u>

4. Cost of Units Transferred Out

                                        EUP Cost per EUP    Total Cost

Material                          160000           $1.80           $288,000

Conversion                     160000           $1.55          <u>$248,000</u>

Total transferred out                                                <u>$536,000</u>

<u></u>

5.                    Blending Department

                Cost Reconciliation Report  

Particulars                                        Amount

Costs to be accounted for

Cost of beginning WIP inventory   $50,000

($25200+$24800)  

Cost added to production              $573,500

($334800+$238700)                       <u>                   </u>

Total Cost to be accounted for     <u>$623,500</u>

<u> </u>

Costs accounted for as follows:

Cost of unit transferred out $536,000

Cost of Ending WIP              <u>$87,500</u>

Total cost accounted for     <u>$623,500</u>

6 0
3 years ago
In a certain year, the aggregate amount demanded at the existing price level consists of $100 billion of consumption, $40 billio
Masteriza [31]

Answer:

The correct answer is A. increase tax rates and/or reduce government spending.

Explanation:

Increasing the tax burden is an easy way for the state to increase its income temporarily and subject matter, but it turns out that increasing the tax burden affects productivity and consumption, so in the end the income of the productive sector is diminished, and more taxes on a lower taxable base does not imply increasing revenues.

When a government decides to reduce public spending for a fiscal balance, it is limited to reducing the social assistance and social security, but not to reduce the bureaucratic apparatus that curiously is usually high in countries with economic crisis, and also Be a source of corruption corruption.

7 0
4 years ago
One reason some manufacturing companies have moved production from overseas locations back to the United States is an increasing
Liula [17]

Answer:

The key economic idea being exemplified is c) People are rational

Explanation:

The economists’ assumption is that firms and consumers utilize all available information to attain their goals and weigh all costs and benefits of each action taken. Moreover, firms and consumers only choose an action if the benefits exceeds the costs.  Therefore, the action of manufacturing firms to move their operations from overseas back to the US due to the increased preference for US manufactured goods exemplifies that consumers and firms rely on all available information when pursuing their goals.  

4 0
3 years ago
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