Answer:
Selective distortion
Explanation:
Selective distortion is the phenomenon where people interprete information based on their previous beliefs. This occurrence makes it difficult for such people to be influenced to make a purchase through advertisements.
This challenge to marketing also applies to selective attention and selective retention.
In this instance Bob reads a circular from the Department of Human Health and Safety recommending lower salt intake to prevent health problems. Because his grandmother still adds salt and remains healthy, Bob discards this information as being untrue.
Answer:
No
Explanation:
This does not violate the expenditure = output identity because this idenity says that goods-in-stock /unsold goods produced and ready for sale but not yet sold (inventory) are also a part of output, which if sold in the next accounting period, would still be calculated as sale in the current period, since it is the sale of output produced in the current year.
Answer:
B. The smallest amount of change in a stimulus that would influence consumer consumption and choice.
Explanation:
The just meaningful difference (JMD) refers to the smallest amount of change in a stimulus that would influence consumer consumption and choice.
For instance, when the price of a particular product rises from $5.0 to $6.5, consumers wouldn't be motivated to buy such a product again and may choose to go for its close substitutes.
Hence, in marketing it is important to introduce a stimulus plan that will significantly increase consumer consumption and choice in order to increase sales and make profit.
Answer:
a) The bottleneck of the process is work station B
b) 1,43 Units per hour
Explanation:
a) The bottleneck of a process is the activity in a process chain that limits the capacity of the whole process.
In this case we have two parts
- PART 1 : each part is processed in workstation A for 12 min and then for 20 minutes in workstation B, so it takes 32 minutes until it arrives to workstation D where it will be assebly with part 2
- PART 2: each part is processed in workstation C for 15 minutes until it reachs workstation D for the final assembly
- But, as we can see, part two will be waiting for (32-15= 17) 17 minutes until PART 1 arrives.
As we can see, the workstation B is the bottleneck of the process because it limits the capacity of the whole chain.
b) lets calculate the how long it takes to produce 1 unit:
We have already calculated that it takes 32 minutes to have the two parts in workstation D. After thata they will be assembles fpr 10 more minutes, so it takes 32+10= 42 minutes to produce one unit.
Now, let's see how many pieces we can produce in an hour: (60 min/ hour)/42(min/unit) = 1,43 units /hour
Answer:
Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing is discussed below in details.
Explanation:
A) In the first position, every one of them makes more profit by resting alone than by resting together, and this is favored over standing. So the payoffs are as provided in the beneath image as (a). Here if one stands and the other sits, at that point the person who relaxes gets a bigger payoff of 4, while the other gets - 2 (Since he is standing which is difficult). If the two of them stand, at that point, the payoff is - 2 for each, and on the off chance that the two of them sit they every one of them gets a payoff of 2 (which is not exactly the payoff if the other individual stands given as 4 above). So Usman stands, Ibrahim will decide to sit, bringing about a payoff of (4,- 2). In any case, if Ibrahim sits, Usman will likewise sit since his payoff is higher by choosing to sit (2>-2). So the only Nash equilibrium is given when both choose to sit, e (Sit, Sit) given by lower right corner of the game getting the payoff of (2,2).
