1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fgiga [73]
3 years ago
11

As Markel drives buy a local restaurant, he realizes that he hasn’t eaten all day and is famished. He stops at the restaurant, a

nd without referring to the menu, orders a burger because that’s what he typically buys at this particular restaurant. This scenario suggests that:
1. low-involvement decisions may sometimes enable consumers to skip steps in the consumer decision making process.
2. Markel would have probably made a different food choice had he not been famished.
3. some people may skip steps in the consumer decision making process, particularly for high-involvement decisions.
4. all purchase decisions go through the six steps of the consumer decision making process.
5. Markel’s hunger caused him to experience cognitive dissonance.
Business
1 answer:
DochEvi [55]3 years ago
3 0

Answer:

1. low- involvement decisions may sometimes enable consumers to skip steps in the consumer decision making process.

Explanation:

Consumer decision making process includes all the steps between consumer's generation of needs/wants and final purchase of the product.

The process comprises of below mentioned 5 stages:

  1. Need recognition : whereby a need is generated
  2. Search for information so as to identify products satisfying such needs
  3. Evaluation of all available alternatives i.e assessment of all available products satisfying a need and selecting the best alternative.
  4. Purchases , the stage wherein the consumer buys the selected product.
  5. Post purchase evaluation, i.e the stage when consumer evaluates whether he made the right purchase decision.

In the given case, the consumer realized that he hadn't eaten at all during the day and thus instantly stopped at a restaurant, made a regular purchase of a burger without caring for the menu or set of other available alternatives.

Here, the investment decision related to a meal, being a low cost decision and occurring in a famished state. So consumers while making such low cost decisions may not find going through the menu and spending much time in deciding as worthwhile and in short will likely skip steps in the consumer decision making process.

You might be interested in
On January 2, 2019, Adelphi Company purchased a patent for $175,000 plus $5,000 in legal fees. On that date, the patent had a re
Vikentia [17]

Answer:

$22,500

Explanation:

Data given in the question

Purchase value of the patent = $175,000

Legal fees = $5,000

The Remaining life of the patent = 13 years

Expected using life of the patent = 8 years

So by considering the above information, the annual amortization expense for 2019 is

= (Purchase value of the patent + Legal fees incurred) ÷ (Expected using life of the patent)

= ($175,000 + $5,000) ÷ (8 years)

= $22,500

7 0
3 years ago
an economy in which all the boys became farmers when they are adults just as their fathers and grandfathers did would be an exam
sergeinik [125]
That would be an example of traditional economy.
8 0
3 years ago
The Gorman Group issued $900,000 of 13% bonds on June 30, 2016, for $967,707. The bonds were dated on June 30 and mature on June
Charra [1.4K]

Answer:

cash      967,707 debit

  premium on BP      67,707 credit

  Bnds Payable     900,000 credit

interest expense 58062.42  debit

premium on BP 437.58       debit

       cash                     58500 credit

Explanation:

procceds 967,707

face value 900,000

premium on bonds payable 67,707

<em><u>first interest payment</u></em>

carrying value x market rate

967,707 x 0.06 = 58062.42

then cash outlay

face valeu x bond rate

900,000 x 0.065 = 58,500

the difference will be the amortization

8 0
3 years ago
in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population
Alchen [17]

Answer:

in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population of the villagers is not more than 6000, find the actual number of boys, girls, women and men​

Total population= <6000

10/100x6000= 600

girls = 600

boys= 660

15/100x6000= 900

women= 990

men= 900

20/100x6000=1200

children= 1240

adult= 1200

Explanation:

5 0
3 years ago
The unauthorized use of intellectual property is called a. royalties. b. international franchising. c. foreign licensing. d. cou
padilas [110]

Answer:

Option D: Counterfeit activity

Explanation:

Counterfeiting activities refer to the wide range of activities that violate the intellectual property rights of individuals. They range from illegal product duplication to piracy and illegal production and sale of a patented product.

Counterfeiting does not only harm the Intellectual property owner, it also affects the nation.  This is because counterfeiting activities discourage creators from investing time and other resources to create novel products for the market that can boost the economy.

<em>The other options are not correct. They mean the following:</em>

Royalties refer to the sum of money that is paid to patent holders over the use f their products.

International franchising refers to the process of given permission to individuals around the world to operate and do business under your brand name, under strict adherence to certain codes  of conduct

foreign licensing refers to is the agreement between two companies to sell each other's products outside their home country.

3 0
3 years ago
Other questions:
  • Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.42 per pers
    6·1 answer
  • A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual payments equal $9,000. The
    5·1 answer
  • "A 45-year old man earns $150,000 per year and is covered by his employer's 401(k) Plan. He quits" his job and moves to a new co
    5·1 answer
  • If an advertisement is affiliated with a website's content, what might that suggest?
    9·1 answer
  • A company: purchased 100 units for $20 each on January 31, purchased 100 units for $30 on February 28, and sold 150 units for $4
    7·1 answer
  • UPS, a delivery services company, has a beta of 1.6, and Wal-Mart has a beta of 0.9. The risk-free rate of interest is 6% and th
    6·1 answer
  • Paying attention to the trends that might impact your future career is called
    14·1 answer
  • Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her ski
    11·1 answer
  • Offer. Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. B
    7·1 answer
  • In 2010, real GDP was $13.2 trillion and nominal GDP was $14.6 trillion. What was the GDP deflator for that year?a. 9.6% lower b
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!