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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.

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Beginning inventory, January 1 1,450 $ 50 Transactions during the year: a. Purchase, January 30 2,150 62 b. Sale, March 14 ($100

atroni [7]

Answer:

cost of goods sold is $197,800

ending inventory is $55,000

Explanation:

LIFO System is an Inventory Management Method that sells the Recent Inventory Acquired First followed by older Inventory.

Cost of Goods Sold

March 14 = (1,380×$62) = $85,560

August 31 = (1,130×$80) = $90,400

= (70×$62) = $ 4,340

= (350×$50) = $ 17,500

Total = $197,800

Closing Inventory

(1,100×$50) = $55,000

6 0

4 years ago

Stuchlik Catering uses two measures of activity, jobs and meals, in the cost formulas in its budget and performance reports. The

Gnom [1K]

Answer:

Total cost= $4,690

Explanation:

Giving the following information:

Fixed costs= $430

Cost per job= $80

Cost per meal= $14

The company expected its activity in January to be 20 jobs and 190 meals.

The cost that would appear in the planned budget is calculated using the estimated activity.

Total cost= 430 + 80*20 + 14*190

Total cost= $4,690

6 0

3 years ago

Identify each of the following items as either a capital expenditure (C), an immediate expense (E), or neither (N):

astra-53 [7]

Answer:

Options 2, 4, 6, 7, 8, and 9 are capital expenditure.

Options 1, 3, and 10 are the immediate expenses.

Option 5 is Neither.

Explanation:

Capital expenditure is those expenditures that are incurred to maintain the fixed assets. Thus Options 2, 4, 6, 7, 8, and 9 are capital expenditure. While the expenses that are compulsory and immediate in nature are called the immediate expenses. This means if the equipment requires repairing then it will fall in the category of immediate expense because without repairing it won't work. Therefore, a property tax of $75000, repair of the main plant, and maintenance for equipment are immediate expenses.

3 0

3 years ago

Is most organization change forced on the organization by external factors or fostered from within? Explain.

Oxana [17]

Explanation:

Changes in a company's macroenvironment will be the most responsible for changes in its organizational processes.

Looking historically, it is possible to see how much the work and business environment has been directly impacted by changes in society.

Currently, the biggest change we can perceive is the phenomenon of globalization, caused by technological changes, which have made it possible to reduce distances and speed up the exchange of information, which has facilitated companies to reach international markets, increase their market and gain advantages strategic and competitive globally.

3 0

4 years ago

Margaret Lindley paid $15,160 of interest on her $301,600 acquisition debt for her home (fair market value of $501,600), $4,160

irinina [24]

Answer:

Margaret Lindley

Margaret Lindley can deduct $12,320 of the interest expense this year.

Explanation:

a) Data and Calculations:

Interest on $301,600 acquisition debt for her home = $15,160

Fair market value of home = $501,600

Interest on her $30,160 home-equity debt = $4,160

Credit card interest = $1,160

Margin interest expense = $3,160

Interest income received = $10,160

Deductible interest expense:

Interest on debt for her home = $15,160

Interest on home-equity debt = $4,160

Margin interest expense = $3,160

Interest income received = ($10,160)

Deductible interest expense = $12,320

b) Margaret cannot deduct her credit card interest because it is considered as a type of personal consumer finance interest. This type of interest expense is not tax-deductible.

7 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?