Answer:
True
Explanation:
Consumer behavior is the study of the factors that influence customer's actions in the market place. Consumer's behavior seeks to understand why customers select, purchase, dispose, or consume a particular good or service to satisfy their needs and wants. It analyses the consumer processes in decision making.
Consumer behavior applies concepts from other disciplines such as psychology, economics, biology, and chemistry. Marketers use consumer behavior to understand the buying patterns of customers. The information helps businesses to identify gaps in the market and develops products to fill those gaps.
Answer:
Correct answer:
b) lower prices for consumers and producers
Explanation:
In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).
<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>
The correct answer should be B. Broad differentiation
They want to be seen as better than others and also spread to other markets. This is why they would advertise these qualities that are mentioned in the question, so as to appeal to higher amount of people. Niche would be if they had a niche buyer base and if they stuck to them making products for them.
Answer:
Ending invenory= $1,298
Explanation:
Giving the following information:
July 1 Beginning inventory 35 units at $22 $770
July 7 Purchases 124 units at $24 $2,976
July 22 Purchases 18 units at $26 $468
A physical count of merchandise inventory on July 30 reveals that there are 57 units on hand.
<u>To calculate the ending inventory using the LIFO (last-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>
Ending inventory= 35*22 + 22*24
Ending invenory= $1,298
