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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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A stock had returns of 18.58%, -5.58%, and 20.81% for the past three years. What is the variance of returns?

NemiM [27]

Answer:

Variance = 0.02141851

Explanation:

We first calculate the mean for the stocks

Mean = (0.1858 - 0.0558 + 0.2081) / 3

Mean = 0.3381 / 3

Mean = 0.1127

Variance = [(0.1858 - 0.1127)^2 + (- 0.0558 - 0.1127)^2 + (0.2081 - 0.1127)^2] / 3 -1

Variance = [0.0731^2 + (-0.1685^2) + 0.0954^2] / 2

Variance = 0.00534361 + 0.02839225 + 0.00910116 / 2

Variance = 0.04283702 / 2

Variance = 0.02141851

The variance of returns is 0.02141851

7 0

2 years ago

Metropolis National Bank is holding 2% of its deposits as excess reserves. Assume that no banks in the economy want to maintain

iris [78.8K]

Answer:

Increase in money supply = $200,000

Explanation:

Note: The given question is incomplete, missing part is as follow:

Metropolis National Bank

Balance sheet

Assets Liabilities

Reserves $60,000 Deposits $500,000

Loans $440,000

Computation:

Excess reserve hold = 2% × Deposits

Excess reserve hold = 2% × $500,000

Excess reserve hold = $10,000

Required reserve = Reserves - Excess reserve hold

Required reserve = $60,000 - $10,000

Required reserve = $50,000

So,

Required reserve ratio = [$50,000 / $500,000]100 = 10%

Multiplier(K) = 1 / Required reserve ratio

Multiplier(K) = 1 / 10%

Multiplier(K) = 10

Total Money = Person deposit + Excess reserve hold

Total Money = $10,000 + $10,000

Total Money = $20,000

Increase in money supply = Total Money × Multiplier(K)

Increase in money supply = $20,000 × 10

Increase in money supply = $200,000

7 0

2 years ago

7. Alice has $15,000 for investment purposes and suppose Alice’s MARR is 18% compounded monthly. Her bank has offered the follow

stepladder [879]

Answer:

a) Annual Worth of net gain is $6793.0184

b) Annual Worth of net gain is $6395.557

c) Annual Worth of net gain is $6922.65

Recommendation: Option C is the best option for Alice

Explanation:

a) Alice will get $200 per month for 5 years which means for 60 months at the rate of 18% compounded monthly.

So FV of that cash flow

= FV(18%/12,60,-200)

= 19242.9303

A lump sum amount of $17000 at the end of 5th year

Total Worth = 19242.9303 + 17000

= $36242.9303

Annual worth = $36242.9303 / 3.1271

= $11589.94

Net Gain = $36242 - $15000

= $21242.9303

Annual Worth of net gain = $21242.9303 / 3.1271

= $6793.0184

b) Racehorse share will be worth $35000 on 5 years.

Annual Worth = $35000 / 3.1271

= $11192.48

Net Gain = $35000 - $15000

= $20000

Annual Worth of net gain = $20000 / 3.1271

= $6395.557

c) Saving account will generate funds after 5 years

= FV(18%/12,60,,-15000)

= $36648.30

Net Gain = $36648.30 - $15000

= $21648.30

Annual Worth = $36348.30 / 3.1271

= $11719.58

Annual Worth of net gain = $21648.30 / 3.1271

= $6922.65

Therefore, Option c is best for Alice.

8 0

3 years ago

Volten Inc. is an apparel store. It has separate sections for casual wear, office wear, and party wear. It also has goods of var

Rashid [163]

Answer: D

Explanation: Product User is a form of segmenting the product to be sold into different segments that will make the buyer more comfortable with buying the product.

3 0

3 years ago

An investment of $1,000 is earning interest at the rate of 3.8% compounded daily over 3 years. Approximately how much interest i

Paladinen [302]

Approximately $120.75 interest is earned on the investment.

The correct answer between all the choices given is the third choice or letter C. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

7 0

3 years ago