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vova2212 [387]
3 years ago
11

Unsought goods are characterized as being the kinds of goods that consumers _____.

Business
1 answer:
lara31 [8.8K]3 years ago
8 0
Unsought goods are characterized as being the type of goods at consumers aren't aware exist or that they have no interest in. Sometimes, these goods can be because they are a new brand that hasn't grabbed ahold of the market they are fully after. Brand awareness can play a huge part it why a consumer isn't purchasing. If the product doesn't fit the needs of the customer and they don't see the value in it, then there won't be any reason for them to make a purchase. 
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Anna11 [10]

Answer:

ME should make the investment because it results in not only higher market share but also a $24,000 increase in profits.

Explanation:

Currently ME's marketing expenditures represent 25% of the industry's marketing expenditures and it matches his market share. Using the competitive parity approach, three additional market share points should cost $120,000 ($40,000 for each point) and should increase gross profits to a total of $1,344,000 ($144,000 increase). The difference between incremental revenue and incremental expenses = $144,000 - $120,000 = $24,000.

4 0
3 years ago
Assume that consumers' incomes and the number of sellers in the market for good A (a normal good) both decrease. Based upon this
Vadim26 [7]

Answer:

Quantity will Increase

Explanation:

As we know that when market is in equilibrium so the demand curve should be intersected the supply curve. At the time when there is an increase in suppliers so supply curve shift rightward due to which the consumer income would increase and this result in more demand. So the demand could be shift in rightward

So here the price should be the same but the quantity is increased

4 0
3 years ago
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jarptica [38.1K]
The answer is C. $39☺️
4 0
3 years ago
Read 2 more answers
Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in t
ddd [48]

Answer:

Mandy Capital                                                Debit: 100,000

Brittney Capital                                               Credit: 100,000

Explanation:

The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.

5 0
3 years ago
What is the unemployment rate if the GDP gap is 13.5%?
goldenfox [79]
The answer is: 6.25%
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3 years ago
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