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ziro4ka [17]
3 years ago
14

The reason why consumers typically ascribe (assign) higher value to goods (assets) than they are actually worth to products they

already own is called ______.
Business
1 answer:
Inessa05 [86]3 years ago
4 0

Answer:

Endowment effect

Explanation:

Endowment effect also referred to as divestiture aversion occurs where individual places or ascribes much higher value than market value on product they already have. where endowment effect is at play the owner of an asset will refuse to sell the asset owned at a the market price higher than the initial cost. and even not ready to buy same item at the market price when offered.

This surprising behavioural pattern was discovered by  a psychologist Richard Thaler in the 1970s  

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Which term refers to the target toward which the open management system is​ directed?
ipn [44]

<span>The correct answer is organizational objectives</span>

<span>Organizational objectives are the targets toward which the open management system is directed. </span>
Organizational objectives are derived from the organization’s Mission and Vision. An organization that is
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6 0
3 years ago
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KIM [24]

A in the expected future exchange rate increases the demand for u.s. dollars. in the u.s. demand for imports does not change the demand for u.s. dollars.

In economics, demand is the number of goods that consumers are willing to purchase at various prices in a particular location and during a particular period of time. [1] The relationship between price and quantity demanded is also called the demand curve. Demand for a particular item is a function of perceived need, price, perceived quality, convenience, available alternatives, disposable income, buyer preferences, and many other options.

Demand refers to the consumer's willingness to buy and pay for goods and services without hesitation. Simply put, demand is the number of items that customers are willing to purchase at various prices over a period of time.

Learn more about demand here

brainly.com/question/1288364

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8 0
2 years ago
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Empathy -

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