Answer:
The correct option is C,will result in the consumer buying less of a good at a higher price
Explanation:
When there are close substitutes for a product,a rational consumer will switch to an alternative good or service when the price of the good rises.
This ultimately is line with the law of the demand that the higher price the lower the quantity demanded and vice versa.
Hence, the substitution effect works in such a way that the product that has a lower price compared to its rival commodities catches the attention of the consumers much more due to its lower price nature.
Answer:
A. They avoided asking their customer service reps in call centres to follow a detailed script.
Explanation:
Formalisation refers to the manner in which the company follows extra depth of procedures and takes extra unnecessary care of the customers, or even in the internal procedures of organisation also.
For the customers perspective, we have:
As asking their customers for service reps again and again will make the entire process formalised, and leaving it on the discretion of customers that when they want to avail the service makes it less formal and comfortable for customers.
Thus, avoiding the detailed script with some unnecessary details every time and following up again and again the function becomes less formal and comfortable.
Final Answer:
Option A
Answer:
Realidades 2 WKBK page 109
Explanation:
Realidades 2 WKBK page 109
The envelope system is usually helpful for items that tend to bust your budget. Things like gas, groceries and bills.
