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3 years ago

Which of the following statements about the Consumer Decision Process is false?

Business

1 answer:

Harman [31]3 years ago

7 0

Answer:

The answer is: A) In a successful purchase, every stage in the process has to happen.

Explanation:

Sometimes we as customers don´t have the time or are unable to follow all the stages in the consumer decision process. Many times it depends on what need we want to satisfy. For instance, if we are hungry or thirsty we might decide to eat at the first restaurant we find. It doesn´t mean we made a bad choice, it simply happened that way because we didn´t have time to research about all the restaurants in the area and then evaluate and decide which one was the best for us. Many daily purchases are part of our daily routine. Imagine how many hours we would spend at a grocery store if we had to follow every step of the process.

On the other hand, if I´m searching for a new house, I will follow steps one through five several times, over and over again until I finally decide which house to buy.

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In a perfectly competitive market, all producers sell very different goods or services. additionally, there are many buyers and

seropon [69]

Pretty sure it's false because there is some competition between electric and gas companies.

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3 years ago

Explain how and why governments may want to regulate the price setting of a natural monopoly.

Lilit [14]

The government wants to protect the consumer's interest, that is why they are regulating the monopoly. Monopolies have the power to set higher prices than the competitive market. They regulate monopolies to prevent excess prices, quality of service( to ensure the firm receives minimum standard of service), monopoly power,promote competition, and natural monopolies( we cannot encourage competition, and it is essential to regulate firm to prevent monopoly of power). <span />

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4 years ago

Illinois Furniture, Inc., produces all types of office furniture. The "Executive Secretary" is a chair that has been designed

viktelen [127]

Answer:

hello your question is incomplete attached below is the missing table to your question

Illinois Furniture, Inc., produces all types of office furniture. The "Executive Secretary" is a chair that has been designed using ergonomics to provide comfort during long work hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks

answer : a) 9.6 minutes

b) 5 work stations

c) choose initial task and task with maximum task time

d) 21 minutes

Explanation:

A) cycle time for the production of a chair

cycle time = (production time available per day ) / ( unit demand per day )

= 480 minutes / 50 chairs

= 9.6 minutes ≈ 10 minutes

B) theoretical minimum number of workstations

= Total task / cycle time

where total task = (4 + 7 + 6 + 5 + 6 + 7 + 8 + 6 ) = 49 minutes

cycle time = 9.6 minutes

hence theoretical minimum number of workstations = 49 / 9.6 = 5.1

≈ 5 workstations

C ) Assignment of tasks to workstations

attached below

you will choose the initial/first task and also the task with maximum tax time

D) For the process the total idle time per cycle

total idle time = summation of all idle times for the 8 tasks = 21 minutes

Task A, C = 0 minutes

Task B = 3 minutes

Task E = 4 MINUTES

Task F = 3

Task G = 2

Task H = 4

Task D = 5

6 0

3 years ago

Which of the following is included in the M-2 definition of the money supply but NOT in the M-1 definition?

Komok [63]

The option included in the M2 definition of money supply and not in the M1 definition is money market mutual fund shares.

M2 definition of money supply that includes cash, checking deposits, and near money. M2 is a broader measure of the money supply when compared with M1. It also less liquid than M1. M1 includes includes cash and checking deposits.

Here are the options:

a. Checkable deposits.

b. Currency held in banks.

c. Currency in circulation.

d. Money market mutual fund shares.

To learn more about M2, please check: brainly.com/question/13784664

#SPJ1

3 0

1 year ago

The U.S. unemployment rate moves up and down as the economy moves in and out of recessions. But over time, the unemployment rate

crimeas [40]

Answer:

c.4%

Explanation:

Based on the information provided within the question it can be said that the unemployment rate fluctuates but over time, always returns to a range of around 4%. Throughout history in the United States of America the unemployment rate has gone up and down with the times but always returns to normal. This normality is usually 3.9% with the lowest lately having been 3.6% in September of 2019.

7 0

3 years ago