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lys-0071 [83]
3 years ago
12

Using college students as the market segment, describe the most relevant reference group(s) and indicate the probable degree of

influence on decisions for each of the following:_________.
A) Brand of toothpaste.
B) Purchase of a hybrid car.
C) Purchase of breakfast cereal.
D) Becoming a vegetarian.
E) Choice of a computer tablet such as the iPad.
Business
1 answer:
Sergio039 [100]3 years ago
4 0

Answer and Explanation:

A. Toothpaste brand: Toothpaste is a commonly used, inexpensive, and very popular product. These decisions are governed mainly by the reference group such as family , friends or primary group with whom a student has regular face to face experiences. Hence the purchase decision is affected by a low degree of comparison community.

B. Buying a hybrid car: A hybrid car is sometimes described as expensive and luxury products. It's moreover a non-necessity commodity for a college student. These decisions are therefore usually affected by secondary community. And a high degree of control in the comparison community will only inspire a student to buy a car.

C. Buying cereal for breakfast: This is a simple requirement of a lifetime. Therefore, even without consulting any reference group a student can buy such product. Often such transactions are rules by family group control. So it needs a low degree of control.

D. Becoming a vegetarian: It takes a high degree of influence and motivation to become a vegetarian.

Thus the aspirational group influences a student. So they opt for vegetarianism to become part of such a community. Such decision taking involves a high degree of control.

E. Option of a computer tablet like the iPod: these products are a luxury commodity sold at regular prices. Typically refer to their families , friends, magazines before making a purchase student to get an idea about the output and price of these products. These goods are the weak product with a strong brand and a strong purchase is controlled by a strong reference community impact.

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zheka24 [161]

Answer:

Gross profit= $4.75

Explanation:

Giving the following information:

Product Z2:

$2.00 of direct materials

$3.40 of direct labor.

sold for $11.00.

Designated overhead at the rate of 25% of direct labor costs.

Gross profit= sales - direct material - direct labor - manufacturing overhead

Gross profit= 11 - 2 - 3.4 - (3.4*0.25)= $4.75

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3 years ago
Grade 10 SBA TERM 3 business studies ​
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Answer:

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Explanation:

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2 years ago
with price bundling, it is easy to know what the individual prices were before the products or services were bundled into a pack
Nadya [2.5K]

The statement "with price bundling, it is easy to know what the individual prices were before the products or services were bundled into a package" is definitely true.

<h3>What is Price bundling?</h3>

Price bundling may be defined as a type of business strategy that significantly deals with the packaging of separate products together and offering them at a single along with typically reduced prices. This type of strategy is generally operated by companies in order to attract consumers.

It is extremely true that the strategy of price bundling demonstrates the individual prices of all products or services which are bundled and packaged in a single component.

Therefore, the statement "with price bundling, it is easy to know what the individual prices were before the products or services were bundled into a package" is definitely true.

To learn more about Price bundling, refer to the link:

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4 0
2 years ago
A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obl
zhenek [66]

Answer:

1. True.

2. True.

3. True.

4. True.

Explanation:

1. True: A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations.

2. True: Land held for speculation is reported in the long-term investment section of the balance sheet because they are fixed assets.

3. True: Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows.

4. True: Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis.

7 0
3 years ago
Sheila and Jim live in an island where they are the only two workers. Sheila can either catch 10 fish or gather 40 pounds of ber
Firlakuza [10]

Answer:

SHEILA

Explanation:

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.

Sheila's opportunity cost in producing berries = 10/40 = 0.25

Jim's opportunity  cost in producing berries = 8/24 = 0.33

Sheila has a lower opportunity cost in the production of berries and thus has a comparative advantage in the production of berries

7 0
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