Conjoint studies are run to understand how
consumers make TRADEOFFS. Tradeoffs is a technique wherein the person
literally reduce an outcome in order to achieve a more desirable result that is
beneficial to that person. In conjoint studies, people will weigh the product
by its features and uses and will choose what is the most preffered feature to
the least preferred feature.
Answer:
Warranty of fitness for particular purpose.
Explanation:
Under the principle of implied warranty, products must be fit for the particular use for which they are intended. What does one do with a drink other than drink it ? Therefore, there was no need for Wanda to inform Kelly about the purpose, as Kelly is aware of the purpose for which Wanda wants the product.
Hence, it is seller Kelly's duty to ensure that the goods are suitable for that purpose.In other words, there was an implied warranty that the drink was fit to be consumed.
The representation of the cash flow from firm to household would be the folowing:
- The $225 per week Jake earns working for Little Havana
- The mojito Latasha receives
- Latasha's labor
<h3>What is meant by flow?</h3>
This is the term that is used to refer to the way that income gets to the household. We know that the people of the household are thiose that would go to use their skills in order to do work so that they can earn income for the labor they give out.
Hence we can say that The representation of the cash flow from firm to household would be the following:
- The $225 per week Jake earns working for Little Havana
- The mojito Latasha receives
- Latasha's labor
Read more on cash flow here;
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Answer:
A. Price skimming.
Explanation:
Skimming can encourage the entry of competitors since other firms will notice the (artificially) high margins available in the product, they will quickly enter.
