1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valkas [14]
3 years ago
11

The initial stage in the consumer purchase decision process involves perceiving a difference between a person's ideal and actual

situations big enough to trigger a decision. What is this stage called
Business
1 answer:
nataly862011 [7]3 years ago
3 0

When a consumer is considering a purchase he goes through the following five stages: problem or need recognition, information search, evaluation of alternatives, purchase, and post-purchase behavior.

The initial stage in the consumer purchase decision process which involves perceiving a difference between a person's ideal and actual situations big enough to trigger a decision is called problem recognition. This is the most important stage because if a consumer does not perceive a problem or need, he/she generally will not move forward with considering a product purchase.

You might be interested in
Suppose that during the past year, the price of a laptop computer fell from $2,500 to $2,300. During the same time period, consu
Dafna11 [192]

Answer:

Elasticity of Demand = 4.5

Demand is very elastic, because a small percentage change in price brought about a bigger percentage change in quantity demanded.

Explanation:

Data and Calculations:

                 Original Average New Average    Change     Percentage

Quantity       403,000              549,000            +146,000    36.23%

Price            $2,500                $2,300               -$200        8%

b) Elasticity of demand:  The elasticity of demand is calculated by dividing the % change in quantity by the % change in price which brought it about.

Percentage change in Quantity/Percentage change in price

= 36.23%/8% = 4.5

c) The elasticity of demand is the responsiveness of demand (consumers) to a change in price.  If the responsiveness is less than 1, then demand is inelastic.  If it is equal to 1, then demand elasticity is unitary.  If it is more than 1, then demand is elastic.

Decision, since Elasticity is more than 1, the demand is very elastic.

6 0
3 years ago
Do managers in both small and large companies perform similar types a activities
Amiraneli [1.4K]
The manager of the larger company's manager might have more to do because of the size of the company, but I believe that they would do most of the same tasks. Think of it like this: Would a Dollar General manager do more than a Microsoft manager?
4 0
4 years ago
Read 2 more answers
On July​ 1, 2018, Mason​ & Beech Services issued $ 44 comma 000 of 11​% bonds that mature in five years. They were issued at
My name is Ann [436]

Answer:

The total amount paid to​ bondholders is $2,420.

Explanation:

Bonds are long-term liability or debt, usually issued at face value, discount or premium.

The total amount paid to bondholders on December​ 31, 2018 will be the semiannual interest payments, calculated as follows: Face value of the bond x Period interest rate (semi-annual).

Total payment: $44,000 x 11% / 2 = $2,420

8 0
3 years ago
You were hired last year as the manager of accounts receivable for a medi-um sized company. In the following year, while sales o
anyanavicka [17]

Answer:

The statement that could be made to the company President is that:

b. This year our accounts receivable turnover was up and our average collection period was down compared to the 2 previous years.

Explanation:

Since the credit sales increased by 20% with overall revenue but the average balance in the accounts receivable remained exactly as the last two year's, it means that the accounts receivable turnover have improved together with the average collection period.  Given the noticeable improvements that have been instituted recently, accounts receivable are being collected timely.

6 0
3 years ago
Label the parts of the Transactional Model. ​
Igoryamba

Answer:

HOPE THIS HELP..PLZ MARK ME BRILLIENT

Explanation:

5 0
3 years ago
Other questions:
  • Hart Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR
    11·1 answer
  • Most persuasive messages use theâ _______________ approach.
    8·1 answer
  • The top management of Fresh, a food distribution company, has set strategic goals of increasing organizational market share and
    5·1 answer
  • Assume the following data for Lusk Inc. before its year-end adjustments: Debit CreditSales $3,600,000 Cost of Merchandise Sold $
    10·1 answer
  • Daisy Delish is the owner of a fine-dining restaurant. She believes that women are more trustworthy and honest than men. Therefo
    15·1 answer
  • PEZ Candy Inc. produces the popular small candy that is dispensed in collectible flip-top dispensers. In the United States, PEZ
    14·1 answer
  • Your airplane has 845 miles to travel. So far the airplane has traveled 429 miles. How many miles does the airplane have to trav
    13·1 answer
  • Hewlett-Packard founders David Packard and William Hewlett strived to create a close-knit organizational culture that gave a lot
    15·1 answer
  • Funding of a research study by a company that stands to benefit from a positive assessment is an example of
    11·1 answer
  • True or false: one way products can be categorized is by brand.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!