During the <u>information search</u> stage of the buyer decision process she will ask her friends to recommend stores that sell good quality winter wear clothing.
<u>Explanation</u>:
As a buyer, we always look into lot of recommendations and options to buy a product.
Information search is the major phenomena while buying a product. Information search helps in making decision for a consumer or purchaser.
Information search can be classified into two types:
i) Internal research
ii) External research
Newspapers, magazines and even word of mouth help in providing information during decision making process. This information search before buying a product helps the consumer to make good decision and gain profit over their purchase.
Answer:
Conversion costs= $488,000
Explanation:
Giving the following information:
depreciation expense - factory building, $133,000
direct labor, $250,000
factory utilities, $105,000
<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>
<u></u>
Manufacturing overhead= 133,000 + 105,000= 238,000
Direct labor= 250,000
Conversion costs= $488,000
Answer:
The correct answer is letter "C": Estimated loss from an ongoing lawsuit.
Explanation:
A contingent liability is an amount that will need to be charged in the future but there are still outstanding problems that only make it a possibility. Litigation and the threat of litigation are the most common contingent liabilities, but this category also includes product warranties. If they are probable and the sum can be calculated, contingent liabilities must be reported on the company's Balance Sheet.
The question is incomplete:
The staffing policy that seeks the best people for key jobs throughout the organization, regardless of nationality, is called:
a. Ethnocentric staffing policy
b. Polycentric staffing policy
c. Geocentric staffing policy
d. None of the above
Answer:
Geocentric
Explanation:
-Ethnocentric staffing policy is when a business that has global operations seeks the people for key positions from the home country.
-Polycentric staffing policy is when a company seeks employees in the home country for positions in the headquarters and people from other places for the other offices abroad.
-Geocentric staffing policy is when a company seeks the best person for each position without considering the nationality or culture.
According to this, the answer is that the staffing policy that seeks the best people for key jobs throughout the organization, regardless of nationality, is called geocentric staffing policy because the company only focuses on the person that best fits the position without considering the nationality.
