A purchase or an exchange can be understood as economic processes that use monetary or non-monetary funds, and that occur to satisfy certain needs of individuals and organizations.
<h3 /><h3>Buyer Decision Process</h3>
It occurs from a decision on the need to carry out an economic transaction of a good or service that lasts before and after the moment of purchase. There are five steps in the consumer decision process, which help in the purchase action, which are:
- Problem Recognition
- Information Search
- Evaluation of Alternatives
- Purchase Decision
- Post Purchase Behavior
Therefore, there are also other exchange processes, such as coincidence of wants, barter and voluntary exchange, which are processes that take place to benefit both parties in an economic exchange without the use of money.
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GDP deflator is nominal GDP divided by real GDP.
Therefore, 225/real GDP = 3, and then real GDP would then equal 75.
Answer: The goal of a cartel is to <u><em>maximize industry profits</em></u>
A cartel is a abstraction of seemingly independent producers whose goal is to increase their agglomerated profits by instrumentation of price fixing, limiting the supply, and other constraining activity. They typically control selling prices, but some are arranged to force down the prices of option.
<u><em>Therefore, the correct option in this case is (b)</em></u>
Answer:
c. donee beneficiary
Explanation:
A donee beneficiary is that person who will receive the amounts indicated in the insurance policy. For this reason, we can conclude that Professor Dought's mother is a donee beneficiary, because Professor Dought's life insurance indicates that she must receive the money indicated in the insurance policy if Professor Dough dies.
The more you know about financial planning, the better you’ll be able to —adapt to unexpected circumstances.