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8090 [49]
3 years ago
6

Steve Walker was happy with his new personal computer. It had all the features he wanted, including a color monitor and CD-ROM,

and the $1200 price tag was reasonable. As he was taking the computer out of the box, Walker noticed an advertisement in the local paper showing a similar computer system for only $1000. Suddenly, Walker was began to doubt his purchase decisionmaybe he hadn't gotten such a good deal. Walker was experiencing: a. cognitive dissonance. b. buyer's uncertainty. c. product dissonance. d. product discord. e. selective discord.
Business
1 answer:
timurjin [86]3 years ago
3 0

Answer:

a. cognitive dissonance.

Explanation:

Cognitive dissonance is the psychological concept that describes the discomfort a person feels when he is having conflicting beliefs ideas or values at the same time. People tend to seek consonance (agreement) between the what they expect and reality.

In this instance Steve Walker got the computer he wanted at $12,000, seeing a similar computer at $10,000 makes him have a doubts about his purchase (cognitive dissonance).

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Answer:

d. It determines the critical path for the completion of a series of interrelated activities.

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It also shows the amount of time a delay in one of the activities would delay the project as a whole.

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Normally, mortgage brokers have nothing to lose by encouraging you to get a bigger loan than you may be able to afford.
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2 years ago
A market orientation refers to:__________
attashe74 [19]

Answer:

The answer is D) A market orientation refers to the orientation of an organization that focuses its efforts on continuously collecting information about customers' needs, sharing this information across departments, and using it to create customer value.

Explanation:

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The design and packaging of these customer orientated goods and services is meant to be cost effective for the sake of maximizing profit.

7 0
3 years ago
You want to buy a house that costs $140,000. You have $14,000 for a down payment, but your credit is such that mortgage companie
rodikova [14]

Answer:

Kindly check explanation

Explanation:

Given the following :

Cost of house = $140,000

Down payment = $14000

Take back mortgage = 126000 = PV

Rate (r) = 5%

Yearly payment one can afford = 22000

a. If the loan was amortized over 3 years, how large would each annual payment be? Could you afford those payments?

Number of period = 3

Using the relation:

PMT = r(PV) / 1 - (1 + r)^-n

PMT = 0.05(126000) / 1 - 1.05^-3

PMT = 6300 / (1-0.8638375)

PMT = 46,268.23

He won't be able to afford it, as the monthly payment is larger than the affordable amount of $22000

b. If the loan was amortized over 30 years, what would each payment be? Could you afford those payments?

PMT = r(PV) / 1 - (1 + r)^-n

PMT = 0.05(126000) / 1 - 1.05^-30

PMT = 6300 / (1-0.2313774)

PMT = 8196.48

He would be able to afford it, as the monthly payment is lower than the affordable amount of $22000

c. To satisfy the seller, the 30-year mortgage loan would be written as a balloon note, which means that at the end of the third year, you would have to make the regular payment plus the remaining balance on the loan. What would the loan balance be at the end of Year 3, and what would the balloon payment be?

Present value of remaining balance after the 3rd year:

Present Value (PV) = PMT[(1 - (1 + r)^-n) / r]

Where

PMT = periodic payment = 8196.48

r = Interest rate = 5% = 0.05

n = number of periods = 30 - 3 = 27

PV = 8196.48[(1 - (1 + 0.05)^-27) / 0.05]

PV = 8196.48[(1 - (1. 05)^-27) / 0.05]

PV = 8196.48[0.7321516 / 0.05]

PV = 120,021.32

Balloon payment :

120,021.32 + 8196.48 = 128,217.80

4 0
3 years ago
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