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Studentka2010 [4]
3 years ago
15

Lucy has just finished washing her car and is now checking its oil level. The oil dipstick shows her car’s oil is below the "Low

" line. Lucy’s car must have more oil to operate well. What phase of the consumer decision-making process did Lucy just experience?
Business
1 answer:
dlinn [17]3 years ago
3 0

Answer:

recognition phase

Explanation:

There are 5 phases in the consumer decision-making process:

  1. recognition: the customer realizes that he/she has an unsatisfied need or problem that must be satisfied or solved. In this case, Lucy realized that her car needs more oil and she has to purchase some.
  2. information search
  3. evaluations of alternatives
  4. purchase
  5. evaluation of decision
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Consider a project with free cash flows in one year of $90,000 in a weak economy or $117,000 in a strong economy, with each outc
lozanna [386]

Answer:

B) $90,000

Explanation:

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Where:

p = the probability of each outcome =50% in this case for both weak and strong economy.

x = the present value of cash flow for each outcome which is $90,000 in case of weak economy and $117,000 in case of strong economy.

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5 0
3 years ago
What is the term given to mortgage loan costs such as pest inspections, survey fees, and title insurance?
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Services the borrower did shop for, that the buyer may find on his own.

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They are different than services that a lender requires like home insurance, which a buyer must purchase.

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