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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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Explanation:

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2 years ago

Richard is attending an important board meeting with his colleagues to discuss future plans for the company. Many ideas are bein

eimsori [14]

Answer: Critical listening

Explanation:

Richard is engaged in critical listening during the course of the meeting, to fully get the full message passed across by the different speakers at meeting.

Critical listening is a type of listening, where an individual pays full attention to get full details of information being passed across during a speech and in the process making judgements about what is been discussed.

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3 years ago

The price of a bouquet of roses in France is 4 euros. Tom Smith, a frequent international traveler found that a similar bouquet

77julia77 [94]

A benefit of adopting the euro as a common currency is that it makes it easier to compare prices across Europe.

<h3><u>Explanation:</u></h3>

When the same currency type is used in different group of people or different geographic locations, it refers to the common currency. In European Nations the common currency that is being used in Euro and in U.S the common currency used is dollar. There are many benefits that are associated with the usage of common currency.

It helps in reduction of transaction cost, Price transparency, expands markets, enhances the currency stability,etc.In the example given, the prices of roses at different regions of Europe were found to be different. The prices of the rises are expressed in Euros. The use of common currency here facilitates and makes easier to compare prices across Europe.

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2 years ago

The salesperson is trying to convince a buyer to purchase a Little Wonder Snow Blower. When the salesperson says, "This blower h

AysviL [449]

Answer:

The correct answer is letter "D": summary-of-benefits.

Explanation:

The summary-of-benefits sales closing technique allows reinforcing the customer interest in buying, with the purpose reiterating the quality and benefits of the good or service being offered. By summarizing the benefits, the salesperson tries to show the potential buyer the real value of the product.

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3 years ago

Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Si

borishaifa [10]

Answer and Explanation:

The preparation of Direct material budget is shown below:-

First Second Third Fourth Year

Required production

in units of

Finished Goods $96,000 $126,000 $186,000 $136,000 $544,000

Units of raw material

needed per unit of

Finished Goods 4 4 4 4 4

Units of raw material

needed to meet

production $384,000 $504,000 $744,000 $544,000 $2,176,000

Add: Desired ending

Finished goods $100800 $148,800 $108,800 $84,800 $84,800

Total units of

Raw material

needed $484,800 $652,800 $852,800 $628,800 $2,260,800

Less: Beginning

inventory ($76,800) ($100,800) ($148,800) ($108,800) ($76,800)

Units of raw material

to be purchased $408,000 $552,000 $704,000 $520,000 $2,184,000

Units cost of Raw

Material $1.90 $1.90 $1.90 $1.90 $1.90

Cost of Raw Material

Purchased $775,200 $1,048,800 $1,337,600 $988,000 $4,149,600

8 0

2 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?