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liraira [26]
3 years ago
9

"Jason likes to drink a particular brand of soda and has been drinking that brand of soda for the last ten years. Lately, one of

the newer brands has been gaining popularity and he wants to give that brand a try. In the context of marketing and consumer behavior, this phenomenon is referred to as _____."
Business
1 answer:
Vedmedyk [2.9K]3 years ago
6 0

Answer:

<u>Variety seeking </u>

Explanation:

Variety seeking buying behavior refers to consumer behavior wherein, a consumer seeks different kinds of goods and substitutes and prefers variety rather than sticking to one particular product.

Variety seeking consumers don't mind switching from one product to another since they tend to get bored quickly by consuming the same product time and again. Such consumers lack product loyalty and don't forge high involvement or association with any product.

Such behavior is prominent in case of products which don't have significant differences in the quality.

In the given case, Jason has been drinking a particular soda brand for a considerable length of time. Yet, when a new brand emerges and gains popularity, for no valid reason he wants to give it a try. This behavior is variety seeking behavior.

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A company purchases inventory on terms of net 30 days and resells to its customers on terms of net 15 days. The inventory conver
Tanzania [10]

Answer:

The company's cash conversion cycle is 75 days

Explanation:

The conversion cycle is the number of days that a business takes to convert its investment in inventory into cash flowing from the purchase and sales of the business.

Conversion cycle = Payable days + Inventory in Stock days + Receivable days

where

Payable days = Purchases term  = 30 days

Inventory in stock = Number of days until inventory remains unsold = 60 - 30 days = 30 days ( As payable days are already included in inventory conversion days )

Receivable days = Sales term = 15 days

Placing values in the formula

Conversion cycle = 30 days + 30 days + 15 days

Conversion Cycle = 75 days

6 0
3 years ago
​Generally, the​ consumer's purchase decision will be to buy the most preferred​ brand, but two factors can come between the pur
GarryVolchara [31]

Answer:

The answer is: C) Attitude of others

Explanation:

The attitude of others refers to how much can another person´s attitude reduce what someone else prefers to buy. The extent of how much can a third party influence our purchasing decisions is based on:

  1. How intense is the third party´s negative attitude toward buying that specific product.
  2. How motivated we are to comply with the other person´s attitude.
3 0
3 years ago
Jacob has taken an suv on lease from free cruisers inc. for a period of four years. jacob does not need to pay any extra amount,
Alinara [238K]

What Jacob will have is a lose ended lease. It is because the close ended lease has been provided to him because he needs to surrender or to turn in his car, specifically the SUV, which is at the end of the term of the lease.

6 0
3 years ago
Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at a market price of $22 a share. Bl
aleksandr82 [10.1K]

Answer:

Merger premium per share is equal to $2

Explanation:

Step 1. Given information.

  • 1500 shares outstanding
  • market price of 22
  • Blackstone has 2.500 shares
  • Outstanding price 38
  • Blackstone acquire Rudy's for $36.000

Step 2. Formulas needed to solve the exercise.

Merger premium per share = (Blackstone acquire Rudy's /shares outstanding) - market price

Step 3. Calculation.

Merger premium per share = ($36,000/1,500) - $22 = $2

Step 4. Solution.

Merger premium per share is equal to $2

8 0
3 years ago
AP Kelly Jones and Tami Crawford borrowed $15,000 on a 7-month, 8% note from Gem State Bank to open their business, JC's Coffee
Gnom [1K]

Answer:JC Coffee house journal$

Date

a. June 1 2022

Bank Dr. 15,000

Gem state bank Cr. 15,000

Narration. Acquisitions of $15,000, 8%, 7c months loan.

b. June 30, 2022

Interest Dr 1200

Gem bank Cr. 1200

Interest on loan for the month of June

C. Interest as at December 31 2022

8% * $15,000*7

=$8400

Jan 1 2023

Gem state bank Dr 23,400

Bank. Cr. 23,400

Narration. Payment of $15,000, at 8% , 7 months and associated interest on maturity.

3 0
3 years ago
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