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butalik [34]
3 years ago
13

Leon is not very quick to purchase innovative products when they come out, but after a while he breaks down and buys if after mo

st of his friends have bought it. he gets most of his information from them when he decides to buy something. he is very skeptical of marketing, so he trusts his friends more than anything. leon is best described as a(n:
Business
1 answer:
Dima020 [189]3 years ago
7 0
Leon is best described as late majority, who are usually influenced by group norms. You can see that here as well - he didn't plan on buying that product, but he was influenced by the group of people around him, his friends, who have all bought it and recommend it to Leon to buy as well. He is "late" because he didn't purchase it immediately, but belongs to the majority, because most people will buy the product nevertheless. 
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An investment adviser representative is also a commisioned representative at a brokerage firm. the iar has developed an asset al
Zolol [24]

Answer:

The options include:

[A] cannot implement the plan

<em>[B] can implement the plan </em>

[C] can implement the plan only if no commissions are charged

[D] can implement the plan only if no management fee is charged

<em>[B] can implement the plan  is Correct</em>

Explanation:

Because the client or consumer has been fully disclosed and he agrees that the Adviser / Representative will obtain a management fee and commissions the Advisor / Representative will be allowed to progress with the project.

5 0
3 years ago
during an external information search, a consumer is most likely to enlarge his search and consider more alternative brands when
iren2701 [21]

During an external information search, a consumer is most likely to enlarge his search and consider more alternative brands when the<u> perceived risk of the </u><u>product or service </u><u>to be purchased increases.</u>

This is further explained below.

<h3>What is <u>a product</u>?</h3>

Generally, A physical thing that is offered for sale for purchase, attention, or consumption is referred to as a commodity.

On the other hand, an intangible item that comes from the work of one or more humans is referred to as a service.

In conclusion, When a customer perceives an increased level of risk associated with the product or service that will be bought, he is more likely to broaden the scope of his search and take into consideration a greater number of alternative brands.

This occurs during an external information search.

Read more about <u>product </u>

<u>brainly.com/question/22852400</u>

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8 0
10 months ago
When deciding on a career path, what is a good step to take after setting the basic career requirements?
Lerok [7]
I would say that once the basic career requirements are decided on then one should do C. make a list of colleges you want to apply to. In this way you will be able to find out the colleges that offer your field of interest and you will be able to check on the quality of their courses and instruction.
8 0
3 years ago
Read 2 more answers
List at least five challenges to maintaining global competitiveness.
nlexa [21]
I know one of them is disruptive technologies, hope that one answer helps!!
5 0
3 years ago
Jimmy's Peanut Farm wants to increase the quantity of peanuts that it sells by 1 percent. The price elasticity of demand for pea
slega [8]

Answer: Jimmy's Peanut Farm has to decrease its prices by 2.5% in order to achieve a 1% increase in the quantity of peanuts it sells.

Jimmy's Peanut Farm can increase the quantity sold by 1% only when the demand for peanuts increases. Demand for peanuts will increase only when the price of peanuts decrease. The Price Elasticity of Demand measures the responsiveness of demand to a percentage change in price.

The formula for Price Elasticity of Demand (PED) is given by the formula:

\mathbf{PED = \frac{percentage change in quantity}{percentage change in price}}

We have:

Percentage increase in quantity               1%  or 0.01

Price Elasticity of Demand (PED)               0.40

Re-arranging the PED formula above we get,

\mathbf{percentage change in price}= \frac{percentage change in quantity}{PED} *100}

Substituting the values in the equation above we get,

{percentage change in price} = \frac{0.01}{0.4}*100 =2.5



5 0
3 years ago
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