All categories

3 years ago

The type of decision making a consumer uses for a product does not necessarily remain constant.why?

Business

1 answer:

Vlada [557]3 years ago

5 0

Answer:

See explanation below.

Explanation:

Human wants and needs are dynamic and insatiable. With that in mind, a customer's decision making regarding particular products and services will keep on changing.

This can be due to diverse reasons which include:

- Change is customer's tastes or preferences: customers may experience income level changes, and this will also affect their tastes and preferences for particular products and services.

- Changes in trends: people's needs tend to change with the changes in trends and what is currently in vogue.

- Technology advancements: changes in technology will affect a consumer's decision making process, for example, if a new phone with new capabilities is produced, consumers will want to purchase the product because of its technical aspects.

- Economic factors like inflation, rise or fall in income level, unemployment, recession, etc can affect a consumer's decision making process.

You might be interested in

Master Production Scheduling is a process that brings all the demand and supply plans for the business (sales, marketing, develo

kow [346]

Answer:

False

Explanation:

Master Production Schedule, is used to determine when the materials will be used to produce an item.

Master Production Schedule (MPS) gives a formal detail of the production plan and converts this plan into specific material and capacity requirements. The requirements with respect to labor, material and equipment are then assessed.

Master production scheduling helps keep customer delivery promises through delivering in a timely and cost-effective manner.

5 0

3 years ago

Help please ////////////

ch4aika [34]

Answer:

What is this for???

Explanation:

8 0

3 years ago

A law firm seeks to recruit top quality experienced lawyers. the total package offered is the sum of three separate components:

Elena-2011 [213]

Answer:

S = 1.2N + 3,000E + 1,000 * (A - 21)
$204,000

Explanation:

1. An extra $1,000 for every year that they are over the age of 21. If the person is A years of Age then the expression is 1,000 * (A - 21).

An additional $3,000 for each year worked as a qualified lawyer. If the person has E years experience. Expression = 3,000E.

The basic salary is 1.2 time the candidate current salary. If the person currently earns $N the expression is; 1.2N

Putting that all together;

S = 1.2N + 3,000E + 1,000 * (A - 21)

2. Variables are; N = 150,000; E = 5 ; A = 30

S = 1.2N + 3,000E + 1,000 * (A - 21)

= 1.2 * 150,000 + 3,000 * 5 + 1,000 * (30 - 21)

= $204,000

7 0

3 years ago

A simple discount note results in

Nikolay [14]

A simple discount note results in interest that are deducted in advance, this can just be simply called a discount. It is usually being confused with markdown. Discount is a deduction in the price of a product base on the purchase of the customer while markdown is a reduction of price based on inability to be sold.

6 0

3 years ago

Read 2 more answers

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

Amanda [17]

Answer:

Over-applied by $3,842

Explanation:

If, Applied Overheads > Actual Overheads, overheads have been overapplied.

and

Since, Applied Overheads < Actual Overheads, overheads have been under- applied.

Applied Overheads = Predetermined rate x Actual Activity

where,

Predetermined rate = Budgeted Overheads ÷ Budgeted Activity

therefore,

Predetermined rate = $ 157,050 ÷ 4,500

= $34.90

Applied Overheads = $34.90 x 4,580 = $159,842

Since, Applied Overheads > Actual Overheads, overheads have been overapplied.

Over-applied overheads = $159,842 - $ 156,000 = $3,842

5 0

3 years ago

The type of decision making a consumer uses for a product does not necessarily remain constant.why?​

The type of decision making a consumer uses for a product does not necessarily remain constant.why?