Answer:
TRIAL
Explanation:
The adoption process for a new product is the mental process through which an individual passes from first learning about an innovation to final adoption.
Consumers go through 5 stages in the process of adopting a new product. These are: product awareness, product interest, product evaluation, product trial, and product adoption.
During the product trial, consumer tries the new product on a small scale to improve his or her estimate of its value.
If the consumer is satisfied with the product, he or she enters the adoption stage, deciding to use the new product fully and regularly.
Therefore, the stage of the consumer adoption process Siobhan's case (decision to use her roommate's free guest passes to try out the new health club to see if it meets her needs) represents is TRIAL.
Generally, in situations such as this where one person enters into a competition with a company or corporation with an explicitly defined prize, this constitutes a unilateral contract. Unilateral contracts are defined by the offering of a reward for a specifically defined act, and this contract is accepted when the contractee completes the act. In this case, Rocky Mountain Races, Inc., and Monica did have a uniform contract. Furthermore, because Monica entered the race and was declared the winner, she fulfilled her end of the contract thus accepting the contract (and qualifying for the reward from the contractor). However, because Rocky Mountain Races, Inc., included a provision that they could change the terms of the race at any time, Monica isn't entitled to the $10,000 reward, she is entitled to whatever reward Rocky sees fit.
Answer:
the private cost of the 10,000th gallon is $2.25
Explanation:
The computation of the private cost is shown below:
Private marginal cost is
= Social marginal cost - External cost
= $3.5 - $1.25
= $2.25
hence, the private cost of the 10,000th gallon is $2.25
We simply applied the above formula so that the correct value could come
And, the same is to be considered
I believe it’s solicit feedback
Answer: The balance in the Income Summary account prior to closing net income or loss to the Martinville, Capital account is $5,000(credit).
Explanation:
Given that,
Company earned revenues = $ 10,000
Incurred expenses = $ 5,000
Withdraw amount for personal use = $ 3,000
Balance in the Income Summary account:
= Earned revenue - Incurred expenses
= $ 10,000 - $ 5,000
= $5,000(credit)
∴ The balance in the Income Summary account prior to closing net income or loss to the Martinville, Capital account is $5,000(credit).