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2 years ago

Consumer products that customers see as basically the same and want to buy at the lowest price are called:

Business

1 answer:

12345 [234]2 years ago

7 0

Answer:

The answer is <em>Heterogeneous shopping products</em>.

Explanation:

Heterogeneous products are those that have more complex characteristics and the price loses relevance when considering the purchase, giving greater importance to the characteristics, understanding these as the functions and services they offer. In these types of products, the information obtained by the sellers is essential for the purchase process.

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According to the _____, the most effective management theory or idea depends on the kinds of problems or situations that manager

german

Answer: The contingency approach

Explanation:

The contingency approach is one of the type of management theory that helps in understanding the various types of principles in an organization and it is also refers as the situational approach.

The main objective of the contingency approach is that it provide manager the different types of ways to give reaction on the given issue and different types of situation.

According to the question, the contingency approach helps in providing the different types of effective ideas to the manager where they facing different types of problems in an organization.

Therefore, contingency approach is the correct answer.

6 0

2 years ago

Why does a small difference in economic growth result in a large difference in wealth over time?

larisa [96]

Answer:

The correct answer is the option C: Because the effect of compounding allows growth to build upon previous growth.

Explanation:

To begin with, the term of <em>"Compounding"</em> in economics refers to the situation in which an assets' earnings are reinvested to generate more additional earnings over the pass of time and therefore that in an economy when there is a small growth the investors take advantage of the effect that the compounding has over the situation and use it in order to generate more earning in the future and that is why that the the effect of compounding allows growth to build only upon previous growth.

7 0

2 years ago

To illustrate the benefits of the Dixie Chopper brand lawn mowers to professional landscapers, the salesperson asks prospects to

vladimir2022 [97]

Answer:

The correct answer is: Showmanship.

Explanation:

Showmanship in marketing implies attracting the target population by doing the very same activity of the good or service offered. Showmanship is usually manipulated somehow to benefit the product being displayed over others so it will look more reliable for potential consumers.

3 0

2 years ago

Greg is the owner of a full-service car wash. For the month of December he paid $2,000 in rent, $700 in utilities, $2,950 in sal

galben [10]

Answer:

Break-even point= 713 car washes

Explanation:

Giving the following information:

For December he paid $2,000 in rent, $700 in utilities, $2,950 in salaries, and $50 on advertising. A full-service car wash costs $10.50. Unit variable costs per car wash are $2.50.

First, we need to calculate the total fixed costs:

Fixed costs= rent + utilities + salaries + advertising

Fixed costs= 2,000 + 700 + 2,950 + 50= $5,700

Now, using the following formula, we can calculate the break-even point in units:

Break-even point= fixed costs/ contribution margin

Break-even point= 5,700/ (10.5 - 2.5)= 713 car washes

3 0

2 years ago

Citibank need to borrow $1 million for 6 months starting in 2 years. Citibank is concerned about the interest rate would like to

Shkiper50 [21]

Answer:

"$ 15,000" is the correct solution.

Explanation:

The given values are:

Agreed fixed rate,

= 0.04

LIBOR rate,

= 0.01

No. of borrowing months,

= 6

National amount,

= 1000000

Now,

The net payment will be:

= $National \ principal*(Floating \ rate - Fixed \ rate)\times \frac{No. \ of \ months}{12}$

On substituting the above values, we get

= $1000000\times (0.01-0.4)\times \frac{6}{12}$

= $1000000\times (-0.03)\times 0.5$

= $-15,000$ ($)

3 0

2 years ago