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V125BC [204]
3 years ago
14

Many consumers correlate price with quality, thinking that the higher the price, the better the quality. For these consumers, al

l else being equal, higher prices provide a quick signal of product quality. This is an example of a(n):
a. compensatory decision rules
b. non-compensatory decision rule
c. heuristic
d. social factor
e. determinant attribute
Business
1 answer:
Aleonysh [2.5K]3 years ago
3 0

Answer:

c) A heuristic

Explanation:

Price is a decision heuristic a shortcut to simplify and shorten the decision process. You get what you pay for is related to this heuristic.

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The total amount of final goods and service produced in a country that people, businesses, governments, and foreigners plan to buy is Gross domestic product (GDP).

<h3>What is Gross domestic product (GDP)?</h3>
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  • The circular flow diagram can be used to illustrate GDP as a flow of income moving in one direction and expenditures on resources, products, and services moving in the opposite way.
  • According to this model, households purchase goods and services from businesses, and vice versa.
  • The circular flow figure shows how the national income calculation methods of using income and expenditures are equivalent.
  • Money (revenue from the sale of the commodities, services, and resources) travels counterclockwise in this picture while goods, services, and resources go clockwise.

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5 0
1 year ago
A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $500 for it. The second type takes 1
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The 30 min operation is 20 
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3 years ago
You’ve just read the article about Macy’s and Nordstrom’s. Why do you think companies like Macy's have to move to an Omnichannel
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The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.

<h3>What is a distribution channels?</h3>

Distribution channel serves as the means by which companies make their products to be available to final consumer.

This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.

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How can you employ one of the most powerful interactive business tools on the<br> Internet today?
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Answer:

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Explanation:

Today on internet most powerful interactive business tools is online marketing and shopping. The products and goods and services are easily available on internet and just with the help of delivery person anything can be easily delivered to the doorstep.

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8 0
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A successful organization can involve its employees in the control system in all of the following ways EXCEPT
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D) regulating its behavior; involving employees in the control system is good for an organization but except in regulating its behavior.

More about Organizational Control System:

Organizational control system is crucial to understanding how the organization is doing, spotting problem areas, and then taking the necessary action.

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Behavioral control: In contrast to output control, which focuses on results, behavioral control typically focuses on controlling the activities. Particularly, special procedures and regulations are utilized to shape or impose behavior.

Clan control: Clan control is a non-standardized type of control. It depends on shared traditions, expectations, values, and norms.

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A successful organization can involve its employees in the control system in all of the following ways EXCEPT

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D) regulating its behavior.

E) presenting data in understandable terms.

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