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postnew [5]
3 years ago
12

After being introduced to a higher-priced washing machine, the customer expresses a desire to purchase a lower-priced item. when

this happens, the customer is said to have
Business
1 answer:
horrorfan [7]3 years ago
3 0

Based on the scenario above, when this happens, the customer is likely to be engaging or to have a traded down. The trading down is being defined as having the quality of the product to be reduced in means of being able for the price to be suited for its consumers.

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Given the characteristics: (1) many buyers and sellers, (2) free entry and exit, (3) perfect information, and (4) heterogeneity
frez [133]

Answer:

1) many buyers and sellers, (2) free entry and exit

Explanation:

A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services. There are free entry of firms into and out of the industry. Firms set the price for their products. Buyers and sellers do not have perfect information. In the long run, monopolistic competition make zero economic profit.

A pure competition is characterised by many buyers and sellers of homogenous goods and services. Buyers and sellers have perfect information. There are no barriers to entry or exit of firms in the industry. Market price is set by the market forces. Firms make zero economic profit in the long run.

I hope my answer helps you

7 0
3 years ago
An activity variance is due to the difference between the level of activity used in the flexible budget and the actual level of
andrezito [222]

Answer:

a. True

Explanation:

The Activity variance is based on the difference in actual level of activity used in flexible budget and the level of activity accounted in the planning or master budget

8 0
3 years ago
One method of setting price using the cost-plus method is to add
Amiraneli [1.4K]
Cost-plus pricing<span>, also known as mark-up </span>price<span>, takes place when a firm calculates its unit costs and then adds a percentage profit to determine </span>price<span>.</span>
6 0
3 years ago
A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market ba
Nina [5.8K]

Answer:

Usage Rate.

Explanation:

A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market based on usage rate. It is one of the type of behavioral segmentation where markets are segmented on the basis of consumers knowledge, response towards product, usage rate and attitude. Marketers divide the markets into nonusers, ex-users, potential users, first time users and regular users in order to target them accordingly.

3 0
2 years ago
The manager of a supermarket would like to know which of several quality problems to address a tool that would be most helpful w
Daniel [21]

The manager of a supermarket would like to know which of several quality problems to address a tool that would be most helpful would be a Pareto chart.

A Pareto chart is a form of a graph with both bars and a line graph, where the bars reflect individual values in descending order and the line the cumulative total. The chart is called after the Pareto principle, which takes its name from renowned Italian economist Vilfredo Pareto.

The Pareto chart's goal is to draw attention to the most significant among a group of (usually several) components. Pareto charts can be used in quality control to identify the flaws that need to be fixed first in order to see the biggest overall improvement.

It frequently reflects the most frequent causes of faults, the most prevalent kind of defect, the most common causes of customer complaints, and so forth. For each bar in the Pareto chart, Wilkinson (2006) developed a method that generates statistically based acceptability limits (akin to confidence intervals).

Learn more about the Pareto chart here:

brainly.com/question/13274440

#SPJ4

7 0
1 year ago
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