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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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Nelson Mfg. owns a manufacturing facility that is currently sitting idle and is debt-free. The facility is located on a piece of
rodikova [14]

Answer:

The total cost to include in any project analysis should be $1,700,000, which can be apportioned as follows:

Land = $159,000/$617,000 * $1,700,000 = $438,088

Facility = $458,000/$617,000 * $1,700,000 = $1,261,912

Explanation:

The fair market values of the Land and Facility are $438,088 and $1,261,912, being the amounts at which the land and facility could be sold together to obtain $1,700,000.

In project analysis, the relevant cost to include is not the sunk cost of $617,000 ($159,000 and $458,000), but the opportunity cost.

$1,700,000 represents the opportunity cost.

The opportunity cost is the cost that would have been incurred assuming that the land and facility were sold at the first bid.  This represents the bid price for the land and facility.

5 0
3 years ago
What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveli
nasty-shy [4]

The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.

<h3>Why was the transcontinental railroad created?</h3>

The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.

Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.

Find out more about transcontinental railroad here:

brainly.com/question/11433327

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4 0
2 years ago
Rizzo Goal Inc. produces and sells hockey equipment, often custom made for online orders. The company has the following performa
forsale [732]

Answer and Explanation:

The computation is shown below:

a. The new customer retention rate is

(a) the day above 3 days from order to delivery

= 3.5 - 3

= 0.5 days

And,

The reduction in customer retention rate is

= 0.5 ×  1%

= 0.5%

errors above three per month is

= 6 - 3  

= 3

The reduction in customer retention rate is

= 3 ×  1.5%

= 4.5%

So, the new customer retention rate is

= 60% - 0.5% - 4.5%

= 55%

(b) The total reduction in customer retention rate is

= 0.5 + 4.5

= 5.0%

The reduction in market share is

= 5% × 0.5

= 2.5%

Now

New market share is

= 21.4% - 2.5%

= 18.9%

8 0
3 years ago
Why is sustainable competitive advantage a critical strategy-making consideration?
lesya [120]
A long-term competitive advantage that is not easily to duplicate or surpassable by the competitors.

it allows the firm to earn excess returns for its shareholders.
3 0
3 years ago
How much does David earn in a 35-hour work week (gross pay without benefits)?
Lapatulllka [165]
690 dollars without tax


6 0
3 years ago
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