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trasher [3.6K]
4 years ago
11

Elaine is in the process of buying a new car. There are many possible cars to choose from, but she is focused on a few she would

actually consider buying. These make up her ________ set.
Business
2 answers:
mamaluj [8]4 years ago
8 0

Answer:

The correct answer is evoked.

Explanation:

What is the set evoked?

It is the set of brands among which a consumer makes their purchases within a category. The consumer has a brand in the Top of Mind and the others he knows but that  currently he does not buy (share of mind) and this group of brands are part of his evoked set.

Well-known brands acquire Relevance and with the right motivation can end up in a purchase.

amm18124 years ago
5 0

Answer:

Evoked Set

Explanation:

Evoked set literally means is a bundle of varieties that comes to a consumer’s mind when he speculates of buying a product. That is, is an array of brands that originally enters in the mind  of the buyer when considering of purchasing a particular product from the market.

Nonetheless, positioning in Evoked set cannot be underlined promptly as it relies on several elements such as extent, quality and rate and other factors.

You might be interested in
Considering the needs of a global audience is essential to success in the hospitality and tourism industry?
ozzi

Answer:

True

Explanation:

In simple words, the hospitality and tourism industry refers to the activities related to accommodation, restaurant and tourism etc. In such industries the main focus of the companies is the comfort and joy of their clients. This becomes difficult to implement as every individual have different needs and circumstances. Thus, the planning of activities should be made in such a way that it suited the global audience.

8 0
3 years ago
Coleman Company owns a machine that produces a component for the products the company makes and sells. The company uses 1,800 un
Sholpan [36]

Answer:

Difference=$1,800

This shows if Coleman buys, the net income will decrease by $1,800. So Coleman should make components.

Explanation:

Given Data:

Direct material=$7

Variable manufacturing overhead=$6

Direct labor=$4

Fixed manufacturing overhead=$5

Required:

Should Coleman make or buy the component?

Solution:

Total Variable cost=Direct material+Variable manufacturing overhead+Direct labor

Total Variable cost=$7+$6+$4

Total Variable cost=$17

Cost From making=Units*Total Variable cost

Cost From making=1800*$17

Cost From making=$30,600

Supplier Price=$18

Cost From Buying=1800*$18

Cost From Buying=$32,400

Difference=Cost From Buying-Cost From making

Difference=$32,400-$30,600

Difference=$1,800

This shows if Coleman buys, the net income will decrease by $1,800. So Coleman should make components.

7 0
4 years ago
In the context of operational plans, which of the following is a difference between single-use plans and standing plans?a. Singl
musickatia [10]

Answer:

d. Single-use plans are operational plans, whereas standing plans are tactical plans.

Explanation:

Standing plans are prepared for the entire organization aiming to achieve the organizational goals, thus, prepared by top level management, and is not changed after it is prepared.

Whereas the single-use plans are prepared by the lower level management for achieving daily targets and thus, changes every day, the plan is for operational purposes and do not involve any tactics.

Whereas the standing plans include all the tactical steps to achieve the organizational goals.

4 0
3 years ago
Read 2 more answers
The management of Fannin Corporation is considering dropping product H58S. Data from the company's accounting system appear belo
hoa [83]

Answer:

Net operating income would be decreased by $137,000

Explanation:

The computation is shown below:

Sales                                          $490,000

Less: Variable expenses           ($221,000)

Contribution margin                  $269,000

Less

Fixed manufacturing expenses ($90,000)

Fixed selling and administrative expenses ($42,000)

Net income                                                      $137,000

If the product H58S were dropped than the net operating income would be decreased by $137,000

7 0
3 years ago
If the average annual rate of return for common stocks is 11.7 percent, and 4.0 percent for U.S. Treasury bills, what is the ave
Vanyuwa [196]

Answer:

7.7%

Explanation:

Risk premium is the return an investor would want for holding a risky bond. It is the excess return earned over holding a risk free bond

Risk premium = return on risky asset - return on U.S. Treasury bills

The U.S. Treasury bills is considered to be risk free because the US government cannot default

On the other hands, stocks are risky because companies can default on payment of dividends due to various reasons e.g. insolvency

11.7 - 4 = 7.7%

3 0
3 years ago
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