The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires is known as Consumer Behavior.
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Explanation</u>
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The process that deals with the study of how the individuals and the organisations selects, purchases and uses and disposes the goods and services is the consumer behavior. These are done for the satisfaction of their wants and needs. The main thing that is associated with the consumer behavior is the motivation and psychology of the purchasing person.
It deals with the activities of the consumers in purchasing a particular product or services and the motivations that is responsible for that selection of the product. The consumer behaviors can be classified as habitual buying,complex buying variety-seeking buying and dissonance-reducing buying.
Answer: $8,391.90
Explanation:
So the company borrowed $40,000 from a bank.
They are to pay 7% interest on the note per year for 6 years.
We are to find the annual payments.
7% represents a constant payment schedule per year so we can use an Annuity formula.
Seeing as the Annuity factor has been calculated for us already we don't need to formula though.
The present value of an annuity factor for 6 years at 7% is 4.7665.
Calculating the present value of the annual payment can be done as follows,
= Amount / PVIFA (Present Value Interest Factor for an Annuity)
= 40,000/4.7665
= 8391.90181475
= $8,391.90
The annual payments equal $8,391.90.
Answer:
agricultural and industrial
The answer to the question is because the effort to visit the legislators are too great.
Unfortunately, even though the audience members support your perspective, often times, people are reluctant to follow through on the actions needed to make the change. This is a common issue found in various parts of society – from your work life to your personal relationships.
Answer:
Consider the calculations below
Explanation:
(1) Nominal GDP, year 2 ($) = Sum of (Year 2 price x Year 2 quantity)
= 125 x 1.5 + 825 x 90
= 187.5 + 74,250
= 74,437.50
(2) Real GDP, year 2 ($) = Sum of (Year 1 price x Year 2 quantity)
= 1 x 125 + 45 x 825
= 125 + 37,125
= 37,250.00
