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RideAnS [48]
3 years ago
7

Considerable research has documented that in many product categories, consumers are unable to distinguish among brands when give

n blind tests (i.e. taste or use of the products without labels). Such products include cigarettes, beer, liquors, and cosmetics. Nonetheless, even when prices are similar, consumers have strong preferences for specific brands of these products. This strong brand preference is characteristic of:
Business
1 answer:
kirill115 [55]3 years ago
5 0

Answer:

brand loyalty

Explanation:

Brand loyalty: The term "brand loyalty" is determined as the propensity of specific consumers to "continuously purchase" a particular brand's products over some other brand's products. However, a specific consumer's behavioral patterns are responsible for demonstrating that he or she will continue to purchase products from the same company that has been fostered a "trusting relationship".

In the question above, the given statement represents brand loyalty.

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Which of the following would be an example of international business?
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3 years ago
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Every decision you make is an economic decision because you're choosing how to use your
zhannawk [14.2K]
The correct answer is D. limited resources.
7 0
3 years ago
To maintain balance in a project with a fixed budget and a well-defined scope, a project team will require flexibility _________
KiRa [710]

Answer:

a. with the deadline

Explanation:

When a project has a fixed budget, it cannot move its expenditure as that shall be fixed, for fixed as well as variable cost, in total no increase in expenditure.

In no terms the project will be successful if it does not meet the quality, thus the quality standards shall not be adjusted.

The risks associated with the project can not be altered.

The goals of business shall not be altered for small projects as generally the goals are long term in nature.

Therefore, correct option is

a. with the deadline

As the deadline can be altered or revised a little to meet the expectations.

7 0
3 years ago
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
Dvinal [7]

Answer:

The correct answer is option C.

Explanation:

A drought adversely affects the production of crops causing the supply of agricultural products to decline. Because of the decline in supply, the supply curve for agricultural products will shift to the left. This implies that at any given price, a quantity lower than earlier will be supplied.  

Good weather, on the other hand, positively affects the production of crops. This causes supply to increase. As a result, the supply curve will shift to the right, implying, an increase in the quantity supplied at each price level.

5 0
4 years ago
Bia garden store makes two types of gazebo. Making a wooden gazebo requires 4 hours of labor while making a metal gazebo require
Artyom0805 [142]

Answer:

C.$16 of overhead cost should be assigned to each wooden gazebo and

   $40 of overhead cost should be assigned to each metal gazebo

Explanation:

2,000 wooden x 4 hours = 8,000 labor hours

500 metal x 10 = 5,000 labor hours

total hours 13,000

single manufacturing overhead: 52,000 / 13,000 = $4 per labor hours

wooden gazebos:  4hours x $4 = $ 16

metal gazebos:    10 hours x $4 = $40

8 0
3 years ago
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