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Artist 52 [7]
3 years ago
12

Anu just turned 21, and she has her first full-time job. She knows that in the next 10 years she wants to buy a house, start a r

etirement fund, and save money to help take care of her parents. What type of financial planning should she do to ensure that she meets her goals?
A. Consumer behavior
B. Long-term
C. Immediate satisfaction
D. Item branding
Social Studies
1 answer:
Alex777 [14]3 years ago
3 0
Long-term financial planning
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A well-known women's college whose tuition lagged below similar schools found recruiting difficult and enrollment falling. A substantial tuition increase was implemented, and dormitories were soon full again. This can be explained by the fact that people sometimes base perceptions of quality on price (snob effect).

In microeconomics, in the snob effect, the demand for some goods that are considered expensive are more demanded. If people that have the money to spend of something assumes that the price of the product is cheap, these people think that the product has low quality. But if the same product is expensive, they consider that the product has quality and is well worth it. That is why, in the case of the college, when the price of tuition increased, people started to trust again in the school and the dorms were full.

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Confirmation

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In scenarios whereby an individual gives more credence to the his or her existing belief while failing to give consideration to happenings or possibilities which may say otherwise. We might see this a an act of being rigid on a certain piece of information or belief to the extent than one dispels all possible scenarios which may prove the otherwise to the belief. In the scenario above, Carmellas existing belief thatbtge inability to deliver at work is only based in incompetence of the worker while filing to examine the possibility whereby the tasks being dished out to the worker might be difficult.

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