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Irina18 [472]
3 years ago
9

Consumers may be equally happy consuming different goods, though they may need to substitute more of one product in place of eac

h unit removed of the other product. The principle that captures this is known as

Business
1 answer:
lawyer [7]3 years ago
7 0

Answer:

diminishing marginal rates of substitution.

Explanation:

Based on the information provided within the question it can be said that the principle that captures this is known as diminishing marginal rates of substitution. Like mentioned in the question this refers to the fact that a consumer chooses to replace a product instead of actually buying more. This decreases as you move down the indifference curve as shown below.

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Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is
Mashutka [201]

Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is Personal selling.

What is personal selling?

  • In order to influence a customer's buying choice, personal selling is a personalized sales technique that involves direct communication between a sales representative and potential customers.
  • Globalization, the rise of the internet, and the emergence of social media, however, have made personal selling only one of many selling and marketing strategies.
  • The selling strategy might not be as popular as it once was. Yet there are so many businesses that significantly rely on this approach to selling.

What are the objectives of personal selling?

  • Building strong, long-lasting relationships with consumers.
  • Boosting demand for the offering.
  • Increasing sales.
  • Supporting the customers.

Learn more about the personal selling with the help of the given link:

brainly.com/question/18240042

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8 0
11 months ago
Nike outsources the manufacturing of its athletic shoes and apparel to manufacturers throughout the world. it needs an effective
weqwewe [10]
Production Nd shipping is my best guess! Since it made a point that they ship all over the world



Hope I helped :) - beanz
8 0
3 years ago
If the par value of a stock is $5 and the offering price of the stock is $2, the capital in excess of par is:
mr_godi [17]
You cannot compute for the capital in excess of par since you don’t have the number of shares but let us assume there are 100,000 shares.

If the Company sell 100,000 shares of its common stock for $2 per share, and the par value of each share is $5, then the amount of the capital in excess of par is 100,000 shares x $3/share, = 300,000 and is recorded:

Cash 500,000  

      Common stock ($2 x 100000) 200000

      Additional Paid-In Capital($3 x 100000) 300000
4 0
3 years ago
Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is increased with $140,000 of direct mate
DaniilM [7]
The total manufacturing costs for the Job No. 190 is 470,000. To get its direct labor cost, which is the basis of the Henson Company in applying its overhead at the rate of 120%, we need to divide the manufacturing overhead of $180,000 by the rate 120% to get the direct labor cost of 150,000. (180,000/210% = 150,000). To get the total manufacturing cost, you need to add the:direct materials- 140,000direct labor- 150,000manufacturing overhead- 180TOTAL= 470,000- this is the total manufacturing costs (Job No. 190)
8 0
3 years ago
MasterCard managers are motivated to increase (1) the number of individuals who have and use a MasterCard credit card, (2) the n
frez [133]

MasterCard could use the data warehousing strategy by making its cards acceptable for any transaction in any place.

Data warehouse plays an important role in the competitive market for MasterCard. As the data has been turned into Business Intelligence (BI), which enables individuals, banks and companies to make strong decisions with regard to payment through electronic means.

The data warehousing could be used by MasterCard to gain a distinct advantage over its competitors. As previously Visa represents around 50% of charges for products sold overall while MasterCard was only at 25%.

An example of using Data warehousing is such that banks can issue MasterCard which if used on Aircraft or Restaurants then these banks can use this data to arrange offers and other benefits to motivate cardholders to spend more with their MasterCard. They could even offer limited time openings such as to pay for room or buy exclusive items during shopping.

5 0
2 years ago
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