1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shtirlitz [24]
3 years ago
15

Products such as insurance, cemetery plots, and smoke detectors are examples of ________ goods that are products that the consum

er does not know about or does not normally think of buying.
Business
2 answers:
natka813 [3]3 years ago
8 0

<u>Full question: </u>

Products such as insurance, cemetery plots, and smoke detectors are examples of ________ that are products that the consumer does not know about or does not normally think of buying.

A) specialty goods

B) unsought goods

C) heterogeneous shopping goods

D) homogeneous shopping goods

E) convenience goods

<u>Answer:</u>

Products such as insurance, cemetery plots, and smoke detectors are examples of unsought goods that are products that the consumer does not know about or does not normally think of buying.

<u>Explanation:</u>

An unsought product is a product of which customers are uninformed or are not that involved in actively seeking the purchase. A high stage of buying, including massive publicity and competitive sales procedures, is frequently required due to customer unawareness of the commodity or no original wish to acquire it.

Another severe interference with an unsought product is that there is frequently no quick actual benefit concerned at marketing, and so, no excuse to obtain the purchase. Unsought product marketing and trading is a very tough task for yielders and retailers.

olya-2409 [2.1K]3 years ago
7 0

Products such as insurance, cemetery plots, and smoke detectors are examples of <u>unsought</u> goods that are products that the consumer does not know about or does not normally think of buying.

<u>Explanation:</u>

Unsought Goods are the goods that the customer doesn't think about or doesn't ordinarily consider purchasing, and the acquisition of which emerges because of peril or the dread of threat and absence of want.

The great instances of known however unsought merchandise are memorial service administrations, reference books, fire quenchers and reference books.

You might be interested in
1. When Heidi Ganahl talks with franchisees about performance expectations and measurements, what part of the management process
Vikki [24]

Answer and Explanation:

Heidi Ganahl is explaining the preparing aspect of the management process. The first management role is the planning component which is the management process.

Heidi, before the new franchise is created, will have to clarify the performance standards and metrics. It will need to include detailed, but easy-to-understand plans, involving strategic planning, to ensure continuity between the new owner and the entire franchise.

4 0
3 years ago
A portfolio with a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%. This portfolio had
jarptica [38.1K]

Answer: 0.3

Explanation:

The Sharpe ratio is simply used by organizations and investors in order to compare the return on an investment to its risk.

From the question, we are informed that a portfolio has a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%.

The Sharpe ratio will be:

= (15% - 6.0%)/30%

= 9%/30%

= 0.09/0.3

= 0.3

4 0
4 years ago
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s recor
ahrayia [7]

Answer:

Equity at August 1st                                       0

adds: Carmen Camry Investment    101,4000

Net Income                                               5,410

Subtotal                                                106,810

Withdrawals                                           -5,950

Carmen Camry capital account at the end of August 31th  100,860

Explanation:

We have to calculae the net income

Fees earned                            26,960

office                           5,200

rent expense                   9,500

salaries expense           5,560

telephone expense      820

miscellaneous expenses    470

Total Expenses         21,550

Net Income                            5,410

Then we do the equity stamtent:

beginning + investment + net income - withdrawals = ending

Equity at August 1st                                       0

adds: Carmen Camry Investment    101,4000

Net Income                                               5,410

Subtotal                                                106,810

Withdrawals                                           -5,950

Carmen Camry capital account at the end of August 31th  100,860

7 0
4 years ago
Read 2 more answers
Which of the following are in accordance with IFRS? Cash basis accounting Both accrual basis and cash basis accounting Neither a
Anton [14]

Answer:

Accrual basis accounting

Explanation:

Under Accrual basis of accounting, income is recognized when it is earned and not when actual cash is paid or received.

Under cash basis of accounting, income is only recognized when actual cash is received.

Accrual basis of accounting ensures transactions pertaining to a period are recorded in that period and  it depicts more accurate financial picture unlike in cash accounting wherein income for a period might be overstated or understated.

Following cash basis of accounting is not in accord with both US GAAPs (generally accepted accounting principles) and IFRS.

7 0
4 years ago
On June 18, Wyman Company (a U.S. Company) sold merchandise to the Nielsen Company of Denmark for €60,000 (Euros), with a paymen
rodikova [14]

Answer:

Wyman company should recognize a foreign exchange loss in the amount of $12,600

Explanation:

On the date of sale: £1 = $1.35

So £60,000 = 60,000 × $1.35 = $81000

On the date of payment: £1 = $1.14

So £60,000 = 60,000 × $1.14 = $68, 400

The amount Wyman company received on the date of payment is $12,600 less than the amount it ought to have received on the date of sale.

So Wyman company should recognize a foreign exchange loss in the amount of $12,600

5 0
3 years ago
Other questions:
  • Effect in the accounting equation when cash dividends are declared
    13·1 answer
  • The cover letter should _____. a. be a minimum of two pages in length b. never ask for an interview c. introduce you to an emplo
    8·2 answers
  • As of December 31, 2016, Nala Incorporated reported accounts receivable for $275,000 less allowance for doubtful accounts of $27
    15·1 answer
  • The unemployment rate in Economy X when it is growing normally is 5%. When Economy X is in a recession, the unemployment rate is
    13·1 answer
  • Damien, an HR manager at Guidelines Inc., is preparing for a 5 percent increase in the production labor force next year. To do t
    7·1 answer
  • Kevin has had a checking account for a month. As he reconciles his account, Kevin notices that the dates on his check register d
    11·1 answer
  • The Sales Returns and Allowances account is on the income statement as an addition to Sales. presented on the balance sheet as a
    14·1 answer
  • Expected direct materials purchases in Metlock Company are $204000 in the first quarter and $264000 in the second quarter. 35 pe
    14·1 answer
  • Which of the following is an example of a non-profit organization?
    13·1 answer
  • Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportati
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!