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Marianna [84]
3 years ago
14

Sam is a retiree with considerable resources, so he doesn't really spend much time on purchase decisions. His belief is that the

most expensive brand is probably also the best in terms of quality. Sam uses price as a _____ indicator of quality.
Business
1 answer:
Luba_88 [7]3 years ago
4 0

Answer: completing the last sentence in question:

Sam uses price as a surrogate indicator of quality.

Explanation: From the question, Sam when making purchases, has a believe that the costlier goods posses more quality than other cheaper goods. Therefore he is indirectly taking price as a key indicator of quality or a replacement for quality.

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You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is call
igomit [66]
Is called collusion

It's actually price collusion to be precise ( not to be mistaken for the crime collusion)

Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.

In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
6 0
3 years ago
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____ is knowingly making false statements or representation of material facts to obtain a benefit or payment for which a lesser
n200080 [17]

Fraud is knowingly making false statements or representation of material facts to obtain a benefit or payment for which no entitlement would otherwise exist.

<h3>What exactly fraud is?</h3>

Fraud is a deceptive activity being made by the offender in order to gain an unlawful gain by harming the rights of the victim.

Fraud is an intentionally done unethical activity or making false statements for deceiving the interests of an individual.

It may include the tax fraud, card fraud, investment fraud etc.

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6 0
2 years ago
Explain why the sampling method stated in (1) is the most efficient<br> method.
Natali5045456 [20]

Answer:

As with all probability sampling methods, simple random sampling allows the sampling error to be calculated and reduces selection bias. A specific advantage is that it is the most straightforward method of probability sampling.

7 0
3 years ago
How many servings of coke are there per day
zavuch27 [327]

1.9 billion servings world wide per day

6 0
3 years ago
the state transferred ownership of property to roger and pauline. which transfer document would the state agency use?
elena55 [62]

The state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.

<h3>What is a deed of assignment?</h3>

It should be noted that the deed of assignment simply means an instrument that's used to illustrate that a transfer has taken place.

Any property transaction needs a deed of assignment because it serves as the primary record between the seller and the buyer proving that all negotiations, inquiries, and other required due diligence have been made, the purchase price has been paid, and all other prerequisites have been met.

In this case, the state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.

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7 0
2 years ago
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