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kari74 [83]
3 years ago
10

The consumer's level of involvement can lead to two types of buying decisions: __________ or

Business
1 answer:
Olenka [21]3 years ago
6 0

Answer:

The consumer's level of involvement can lead to two types of buying decisions: limited problem solving or extended problem solving

Explanation:

limited problem solving:

It is a problem solving process in which customer is only willing to put very little effort to make a purchase decision in order to fulfill his want or need. Purchaser uses simple decision rules for reaching a a purchase decision with minimal research done. He is not much concerned about the best solution and has limited resources and time for searching information and assessing each alternative thoroughly.

For example: you need a new pair of joggers for gym.  You are already have an idea about joggers and know about new available materials and attributes. So you might do a bit research online and come to a decision comparatively quickly. You might consider your favorite outlet instead of searching for the joggers at every outlet. So you take buying decision limiting involvement in this process.

extended problem solving

In this process the costumer attempts to collect as much information as possible, and thoroughly assess and evaluate product alternatives. So in this situation buyer don't have much idea about the product brands, attributes and characteristics to access the product. Purchaser will research, differentiate and put a lot of effort for taking best buying decision that will fulfill his needs. prior to purchasing the product, he might visit various outlets, research online, search for reviews and suggestions, take information from outlet staff. about the product Marketer should provide with such information to customer.

For example high value items like car, a house etc. Such items are not purchased often so the consumer will invest a lot of time in research and comparison in order  to take the best decision.

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suppose that a financial crisis decreases planned investment spending by $100 billion, and the marginal propensity to consume is
Bogdan [553]

The real GDP will decrease by $500 billion.

<h3>What is GDP?</h3>

A country's gross domestic product (GDP) is the sum of the market values of all the finished goods and services produced within its borders during a specific time period. As a general measure of all domestic production, it provides a comprehensive evaluation of the economic health of a specific nation. GDP is frequently calculated on an annual basis, although it is also occasionally approximated on a quarterly basis. For example, the US government generates an annualised GDP estimate for the entire year as well as each fiscal quarter. Each item of data in this report is supplied in actual terms, which allows for the calculation of the data to account for price changes. The result is data that is net of inflation.

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8 0
1 year ago
When a customer opens a bank savings account, the bank, essentially becomes a(n) ___.
Rzqust [24]
<span>Here are the choices on the given question:
A. lender
B. investor
C. insurer
D. borrower
When the customer opens a bank savings account, the bank, essentially becomes an investor. So the answer is B. 
Investor because the amount of money that you put in your savings account is being invested by the bank to gain interest.</span>
5 0
3 years ago
Read 2 more answers
Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax
oee [108]

Answer:

    Date                     General Ledger                   Dr.          Cr.

1.   September 30     Cash                                 $6,300

                                  Sales Tax Payable                           $300

                                  Sales                                                 $6,000

2.  September 30     Cost of Goods Sold        $3,900

                                  Merchandise Inventory                    $3,900

3.  October 15           Sales Tax Payable          $300

                                  Cash                                                  $300

Explanation:

Sales Tax is subject to the price of merchandise. Sales tax is collected by the business on the taxable supplies on the behalf of government and paid to the government.

Sales tax amount = 6,000 x 5% = $300

Cost of Merchandise is recorded as cost of goods sold and deducted from the merchandise inventory.

6 0
3 years ago
The following is an Equipment account and its associated Accumulated Depreciation account: Equipment Accumulated Depreciation Be
Juliette [100K]

Answer:

Explanation:

Generally when a company makes a sale of its used assets like equipment, machinery, land etc, it computes the gain or loss on sale by reducing the current book value of the asset from the sale price. As we all know, Current book value of an asset is calculated by reducing the accumulated depreciation related to that asset from its acquisition cost.

GAAP requires the companies to carry the Asset accounts at Cost minus any sale/scrap and the wear and tear of the asset (depreciation) is accumulated in another separate account. The Asset Account is reported at its Book Value (Cost-Accm. Depreciation) in the Balance Sheet every year. Gain or loss on such assets is calculated by reducing the book value from its sale price

4 0
3 years ago
Consumer​ surplus:
elena-14-01-66 [18.8K]

Consumer surplus is the difference between the maximum amount the consumer is willing to pay for the price of the good and the price that was actually paid by the consumer or commonly known as the current market price. The price that the consumer is willing to pay is determined by the demand curve in the market.

8 0
4 years ago
Read 2 more answers
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