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On average, consumers spend only about 13 seconds deciding to buy one brand as opposed to another branded option from the same product category.
<h3>What is consumer purchase behavior?</h3>
This is the term that is used to refer to the behavior of the buyers and consumers of products and the way they make there decisions to buy.
It is said that they spend 13 seconds in making the decision to buy a different brand.
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Loan investment account.. can be either side of the account depending on how the accountant set up the system
Answer:
the firm should have sold less output in the local market, and more output on the internet auction site.
Explanation:
Based on the scenario being described within the question it can be said that in order to maximize profits the firm should have sold less output in the local market, and more output on the internet auction site. This is because marginal revenue indicates the additional revenue that will be generated by increasing product sales by one unit. Therefore since the internet auction site's marginal revenue is higher than the local store, it means that selling more units in the internet site will lead to more profit than the local market.
If labor in Mexico is less productive than labor in the united states in all areas of production then both Mexico and us still can benefit from trade.
Labor is the amount of physical, mental and social effort spent to produce goods and services in the economy. We provide the know-how, human resources, and services necessary to turn raw materials into finished products and services.
A business that requires more people and fewer machines is known as a labor-intensive business. The beauty, home construction, education and fashion industries are examples of labor-intensive industries.
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