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Firlakuza [10]
4 years ago
13

What type of buying decision making is used when purchasing Dress pants and shirt? *

Business
1 answer:
Paraphin [41]4 years ago
7 0

The type of decision making used when purchasing dress, pants and shirt is <u>routine decision making</u>.

<u>Explanation</u>:

Depending upon the involvement shown in buying the products, the type of buying decision making can be categorized as:

• Routine response behavior

• Limited decision making

• Extensive decision making.

<u>Routine response behavior </u>is exposed when the consumer is familiar with the product to-be-purchased and also on purchasing low cost goods. Generally people will show less involvement in frequently buying products.

<u>Extensive Decision Making </u>occurs while purchasing the expensive product. These products are unfamiliar and are not bought frequently. So their involvement level will be high.

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a. Using the starting point formula, what is the price elasticity of demand for going from a price of $160 per unit to a price o
ki77a [65]

Answer:

Price Elasticity of Demand is -4

Explanation:

We can see the graph and easily calculate the Q1 which is 120 units at P1 $140 and Q2 which is 80 units at P2 $160 price.

The starting point formula for calculating price elasticity of demand is given as under:

Price Elasticity of Demand = (ΔQ / Q2)  /  (ΔP / P2)

Here

ΔQ = Q1 - Q2 = 120 - 80 = 40 units

ΔP = P1  -  P2 = 140 - 160 =   - $20

By putting value in the above equation, we have:

Price Elasticity of Demand = (40 Units / 80 Units)  /  (-$20 / $160)

Price Elasticity of Demand = -4

8 0
3 years ago
Sean wants to buy a friend’s car, but he does not have the $3,000 that his friend is asking. He has $2,500 and is considering bo
vladimir1956 [14]

Answer:

I think Sean should negotiate for 2,500 dollars and save the 500 dollars for college or for something else he might want or need to buy.

8 0
3 years ago
Collectively, what are the interest costs and other fees for using a credit card called?. A. balance B. credit line C. finance c
Nana76 [90]
The correct answer to this question is this one: "C. Finance Charge." <span>Collectively,  the interest costs and other fees for using a credit card called the finance charge. IT has something to do with the charges after you used the credit cards.</span>
8 0
3 years ago
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What is the goal of swot?
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5 0
3 years ago
You purchase 150 shares for $70 a share ($10,500), and after a year the price rises to $80. Calculate the percentage return on y
Lyrx [107]

Answer:

57.14%

Explanation:

Missing word <em>"25 percent."</em>

<em />

Gain on the stock = (150*$80) - $10,500

Gain on the stock = $ 12,000 - $10,500

Gain on the stock = $1,500

If Margin requirement is 25%, The Margin = 10,500*25% = $2,625

Return on Investment = $1,500/$2,625 * 100 = 0.571429 * 100 = 57.1429% = 57.14%

6 0
3 years ago
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