Answer:
The consumer's level of involvement can lead to two types of buying decisions: limited problem solving or extended problem solving
Explanation:
limited problem solving:
It is a problem solving process in which customer is only willing to put very little effort to make a purchase decision in order to fulfill his want or need. Purchaser uses simple decision rules for reaching a a purchase decision with minimal research done. He is not much concerned about the best solution and has limited resources and time for searching information and assessing each alternative thoroughly.
For example: you need a new pair of joggers for gym. You are already have an idea about joggers and know about new available materials and attributes. So you might do a bit research online and come to a decision comparatively quickly. You might consider your favorite outlet instead of searching for the joggers at every outlet. So you take buying decision limiting involvement in this process.
extended problem solving
In this process the costumer attempts to collect as much information as possible, and thoroughly assess and evaluate product alternatives. So in this situation buyer don't have much idea about the product brands, attributes and characteristics to access the product. Purchaser will research, differentiate and put a lot of effort for taking best buying decision that will fulfill his needs. prior to purchasing the product, he might visit various outlets, research online, search for reviews and suggestions, take information from outlet staff. about the product Marketer should provide with such information to customer.
For example high value items like car, a house etc. Such items are not purchased often so the consumer will invest a lot of time in research and comparison in order to take the best decision.
Answer: increased by $20 billion
Explanation:
Real GDP is year of interest is:
= (Nominal GDP in year of interest/ GDP Price index in year of interest) * 100
= 480/120 * 100
= $400 billion
Nominal GDP is equal to Real GDP in base year so increase in real GDP is:
= 400 - 380
= $20 billion
You're indeed correct with your guess. Nice work!
<span>You would look at the different costs on the industry report. This can tel you a lot. Averages are when you take a sum of all of the different areas and then divide that by how many areas there were. This lets you know roughly how the industry is doing.</span>
Answer:
= 18.7%
Explanation:
<em>A portfolio is a collection of assets/ investment. The return on a portfolio is the weighted average of all the return of the individual assets weighted according to the percentage of total funds allocated to each assets.</em>
Expected return on portfolio:
E(R) =( Wa*Ra) + (Wb*Rb)
Wa = 56% , Wb = 100-56 = 44%
Ra = 12%, Rb = 24%
E(R) = (0.56*24%) + (0.44× 12%)
= 18.7%
