Answer: Reference group is very important in purchasing the items listed above, this is because in our society today, everyone wants to use the best product, and products that are recognized for its customer's satisfaction.
Reference group is important because they influence the decision of consumers when trying to purchase a particular product, reference group can be friends, experts, family or neighbors who an individual can approach to seek for more information about a particular product, especially when purchasing a product we have never used before, this is like seeking for consumer reviews.
We believe that a product with more customer review is safe to purchase, for example while getting a new car or iPod we might want to ask for its longevity, how expensive the spare parts are if spoilt and so on, we often based our decision on what most people think about it.
2. Yes their influence will affect the brand or model purchased, this is because while seeking the help of a reference group they tend to recommend some best brand in the market on which the consumer make the final decision on.
3. Their influence on the items listed above can be informational this is because when a reference group influences a consumer behavior or decision based on giving fact or information on the social, financial and performance risk of a particular product, especially in a situation where the consumer has little or no knowledge about the item to be purchased for example like the car, iPod and others, this kind of influence is informational.
The answer is C) indicate their desires to producers
Answer: B
Explanation:
With the options given, Johnny can only perform worse if he performs worse than his cumulative GPA and also if he performed less than he ever performed before. The last option about Johnny's performing worse than last semester might not necessarily have an effect on his GPA. A cumulative GPA is the total GPA Johnny has gotten since he started school. The last semester might be one of his best semesters and probably had a good result so getting a result slightly lower than his last semester might not necessarily mean there will be a reduction in his cumulative GPA. So option B is correct.
Answer:
Your answer is D. All of the above
Explanation:
Answer:
$70,707
Explanation:
Given that,
Sales (3,300 units) = $ 128,700
Variable expenses = $65,637
Contribution margin = $63,063
Fixed expenses = $47,900
Net operating income = $15,163
Contribution margin per unit:
= Sales revenue per unit - Variable cost per unit
= ($ 128,700 ÷ 3,300) - ($65,637 ÷ 3,300)
= $39 - $19.89
= $19.11
If the company sells 3,700 units,
Total contribution margin:
= Contribution margin per unit × Number of units sold
= $19.11 × 3,700 units
= $70,707
