When a new variety of Envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in "limited decision making" when deciding whether or not to purchase this new product.
<h3>What is limited decision making?</h3>
When buying things that need a reasonable amount of time and effort to compare models and brands before making a decision, consumers use limited decision-making.
Some features of limited decision making are-
- When you require knowledge on an unexpected brand inside a well-known product area, perhaps. takes some time to obtain the necessary information.
- Examples include clothing, when the brand is unknown but the product class is known.
The three categories of decisions-making are-
- Organisational direction is determined by strategic decisions.
- Decisions made at the tactical level affect how tasks will be completed.
- Last but not least, operational decisions are those that staff members take on a daily basis to manage the company.
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Answer: 11.65%
Explanation:
The $13,241.39 is a future value amount as it is what is to be accumulated in 2 years.
Future value formula therefore applies:
Future value = Current value * ( 1 + interest rate) ^ no. of years
13,241.39 = 10,621.36 * ( 1 + i) ²
(1 + i)² = 13,241.39 / 10,621.36
(1 + i)² = 1.24667556697
1 + i = √1.24667556697
i = 1.116546267 - 1
i = 11.65%
Answer:
True.
Explanation:
Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.
Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.
Answer:
a) Raise the sales revenue.
b) Decrease the cost of raw materials.
c) Decrease discretionary fixed cost
Explanation:
<em>Return on Investment (ROI) = Divisional Profit Contribution / Assets Employed in the Division</em>
ROI increases when the Divisional Profit Contribution increased and Assets Employed in the Division are reduced.
It is true that members in a cohesive group have a degree of dependence on the group.
<h3>What is cohesive group?</h3>
A cohesive group is one whose members are very positive in their feeling towards the group and are strongly motivated to retain their membership in the group.
There cannot be group cohesion if the members do not wish to belong to the group or do not find the motivation to belong to the group.
Hence, It is true that members in a cohesive group have a degree of dependence on the group.
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