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eimsori [14]
3 years ago
15

___________ is the ability of a product to satisfy a customer

Business
2 answers:
soldier1979 [14.2K]3 years ago
6 0
The answer to this question is: Quality
belka [17]3 years ago
6 0

Answer: Utility

Utility is the ability of a product to satisfy a customer.

Explanation:

Utility refers to the satisfaction, happiness or pleasure that a consumer derived or obtained from the consumption of a product or service. The utility of a product directly influence the demand for the product and the price of the product (good) or service. Utility varies from one customer to another and from time to time. A consumer might not derive the same utility from the consumption of the same product at different points in time.

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Vonda and Aleiyah are shopping together at the mall for new jeans. Vonda is willing to pay $90 and Aleiyah is willing to pay $50
Gala2k [10]

Answer:

A. $60

Explanation:

Recall that, consumer's surplus refers to the price that a consumer is willing to pay less the amount he or she actually pays.

Thus

Consumer surplus = maximum price willing to pay - actual market price.

Given that

Market price = $40

Vonda is willing to pay = $90

Aleiyah is willing to pay = $50

Hence.

Vonda consumer surplus = 90 - 40

= $50

Aleiyah consumer surplus = 50 - 40

= $10.

Total consumer surplus = 50 + 10

= $60.

8 0
3 years ago
Which of the following is an example of fraud?
Dmitry_Shevchenko [17]

Answer:

c

Explanation:

if it was never in stock its misleading and a fraud

7 0
3 years ago
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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics
tatuchka [14]

Answer and Explanation:

Economy is divided into two main fields: <em>Microeconomics and Macroeconomics</em>. Microeconomics studies the decisions of individuals and businesses while Macroeconomics is in charge of analyzing the economy as a whole including decisions made by governments and their countries. Thus:

A) <em>The effect of government regulation on a monopolist's production decisions (Macroeconomics). </em>

B) <em>The optimal interest rate for the Federal Reserve to target (Macroeconomics). </em>

C) <em>The government's decision on how much to spend on public projects (Macroeconomics).</em>

4 0
3 years ago
Which of the following statements is true of the new product development process? Question 8 options: 1) Commercialization is th
diamong [38]

Answer: 4) Under the business analysis stage, if the new product satisfies the company's objectives, the product then moves to the product development stage.

Explanation:

The Business Analysis stage of the New Product Development Process is a more in-depth analysis of the product to find out the viability of the product in the market and what it means for the firm.

Here the big questions are asked such as;

  • The Cost of the product to produce
  • If adequate profit will be generated
  • Projected market demand
  • Existing competitors etc

Once these questions have been answered and other analysis made and the company is satisfied, the product can then move to the Product Development Stage.

7 0
2 years ago
What MIGHT be a solution to unequal development applied by ASEAN, according to Vision 2020? A) free trade B) democratic election
Fittoniya [83]

Answer:

The correct answer is letter "A": free trade.

Explanation:

Free trade allows countries to share their goods and services without boundaries. The most important factor possible thanks to free trade is the access to knowledge and information that could boost economies with low innovation to gather ideas of what actions can be taken to improve their situations.

4 0
3 years ago
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