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
storchak [24]
3 years ago
8

Jenny was feeling frustrated. "What's taking them so long to make a decision? It's been weeks since I first met with them, and t

hey all seem interested in the product. I've also jumped through all their paperwork hoops." Jenny is likely selling to a firm in which kind of buying situation?
Business
2 answers:
kodGreya [7K]3 years ago
6 0

Answer: A. New buy

Explanation:

The situation described is most likely a NEW BUY situation because it bares some characteristics of same. In a new buy, customers generally take their time to make a decision and put the seller through a lot of paperwork in the case of corporate entities in a bid to assess the risk or cost of the new product. It is also necessary to do so as they have no previous experience with the seller and so trust cannot play a center stage.

Jenny also implied that it was the first time she had met them and it was also the first time they had been introduced to the product so there is that.

If you have any need for clarification do react or comment.

Gemiola [76]3 years ago
4 0

Group of answer choices:

A) New buy

B) Modified rebuy

C) Straight rebuy

D) Generic buy

E) Adapted buy

Answer:

The correct answer is letter "A": New buy .

Explanation:

In the corporate world, the new buy refers to the process in which a firm engages in the purchase of a new product or service. The company needs time to research different options attempting to select the most suitable. From the seller side, they must provide as many details of their goods as possible to attract new consumers. Persuasion is a key factor to close the deal.

After the decision is taken, some organizations may still be looking for options in case the product bought does not meet their standards.

You might be interested in
The demand for good X is estimated to be Qxd = 10,000 − 4PX + 5PY + 2M +
AX where PX is the price of X, PY is the price of good
Olenka [21]

Answer:

Explanation:

  • Given the equation ; Qxd = 10,000 − 4PX + 5PY + 2M + AX
  • where PX is the price of X = $50
  • PY is the price of good Y = $100
  • M is income = $25,000
  • and AX is the amount of advertising on X = 1,000 units

a) Calculate the quantity demanded of good X ; Plugging all the values into the equation ;

= 10,000 − 4(50) + 5(100) + 2(25,000) + 1000

Qxd = 61,300units

b) Calculate the own price elasticity of demand for good ;

= d(Qxd)/dpx X px/Qxd = -4 x 50/61,300

= 0.0033. hence he demand for goods is inelastic

c) l will surely recommend lowering the price as this is evident from the value of the price elasticity of demand which is negative as such an increase in the price of their goods will give rise to total loss

d ) cross-price elasticity between goods X and Y = %change in quantity/ %change in price

e) Calculate the income elasticity of good X. Is good X normal or an inferior good? = dQ/dM X M/Q = 2(25000) /61300

= 0.82.

Yes! Good X is a normal goods since the value of the income elasticity is positive.

5 0
3 years ago
4. When Jenna confided in Lew and Al that she, too was concerned about adding additional risk, Lew suggested that they explore t
deff fn [24]

Answer:

limited liability company

Explanation:

A limited liability company (LLC) can be regarded as a business structure that is very common in the United States, these business structure can be regarded as a one in which the owners can not be regarded as been personally liable for debts as well as the liabilities of the company. Limited liability companies can be regarded as hybrid entities which is the combination of the features of corporation s well as partnership

6 0
3 years ago
Reliance Corporation sold 4,500 units of its product at a price of $20 per unit. Total variable cost per unit is $11.00, consist
BaLLatris [955]

Answer:

$40,500

Explanation:

A Companies Contribution Margin is a product's price minus all associated variable costs, this final value gives the products incremental profit earned for each unit sold. Therefore in this scenario, the Contribution Margin for the company is as follows

(4,500 * $20) - (4,500 * $11)

$90,000 - $49,500

$40,500

Therefore the final Contribution Margin for the company is $40,500 dollars.

8 0
3 years ago
The exclusive right to display a symbol of product identification is a:
aleksklad [387]

Answer:

c. Trademark.

Explanation:

it is a termed used for identification of signed or design of some particular corporation. sometimes trademark become more famous than  corporation therefore main motives behind trademark is to used as a symbolization of corporation. It is used to protect the original design of the company and brand name.

7 0
3 years ago
Does china have a pure market economy
horsena [70]
Yes china has a pure market economy
3 0
3 years ago
Other questions:
  • The matching concept a. determines that expenses related to revenue be reported at the same time the revenue is reported b. addr
    7·1 answer
  • A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi
    7·1 answer
  • Touching your nose is an example of?
    10·2 answers
  • A local government operates on a calendar-year basis. Prepare journal entries to record the following transactions and events fo
    14·1 answer
  • The most important information in a press release should be ________.
    8·1 answer
  • The cycle view of the supply chain is useful when considering operational decisions, because Select one: a. it focuses on proces
    11·1 answer
  • For each of the following items, calculate the cash sources or cash uses that should be recognized on the statement of cash flow
    13·1 answer
  • Hurry! #2
    8·1 answer
  • Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218
    8·1 answer
  • A convertible bond would let the investor exchange it for:____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!