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saul85 [17]
4 years ago
8

Identify and list five products for which surrogate indicators may be used as evaluative criteria in a brand choice decision. Wh

y are the indicators used, and how might a firm enhance their use (i.e., strengthen their importance)
Business
1 answer:
natima [27]4 years ago
6 0

Food, Athletic shoes, higher prices, using quality standards emblem, influence of celebrities.

<u>Explanation:</u>

Customers follow their intuitions and their own way of decision-making rules to buy or purchase a product of a particular brand.

customers choose specific products based on their attributes. There are cases where customers would consider the performance of certain attributes as a benchmark for judging other attributes and make a choice.

Let us consider five products that use surrogate indicators as evaluation criteria for purchase and also why they are used by the marketers.

  • Food: In a restaurant or cafe the marketers use the smell of the food as a surrogate indicator as customers would be tempted with the smell of the food and place order to taste it. the customers would judge the taste of food which is an actual evaluation criterion on the basis of smell is a surrogate indicator.
  • Athletic shoes: The marketers claim or use lightweight characteristic as a surrogate indicator stating that this lightweight of the shoes allow the person to run faster. Although shoes tear off due to less durability business happens there.
  • Higher prices: There would be a misconception that the product quality would be good if the prices are higher. The marketer showcases the products at higher prices to enhance the business by using higher prices as a surrogate indicator.
  • Influence of celebrities: Customers tend to imitate the products and lifestyle of their favorite celebrities or inspiration. The promoters use celebrities to promote their brand products here celebrities are used as surrogate indicators.
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Answer:

Gross national income

Explanation:

Gross national income is the income earned by a country's residents. Income from abroad is also included in the calculation of GNI. Income earned by non residents in the domestic economy is substracted.

GNI = GDP + [(income from investments abroad) – (income sent abroad)].

6 0
3 years ago
Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two
yan [13]

Answer:

See below.

Explanation:

Since the costs are per 100, to calculate total standard we multiply by 400,000/100 = 4000 and actual qty then is 4060.

For A, standard cost budget at standard prices.

Direct Labor            (2*4000)          = $8,000

Direct Material     (9.1*4000)        = $36,400

Factory Overhead  (0.55*4000)    = $2,200

Total                                                        = $46,600

For B, The total cost variances are as follows,

Material cost variance = (Standard Price - Actual Price) * Actual Quantity  

where, Standard price = 9.1 and Actual price = (35750/4060) = $8.81

Variance = (9.1 - 8.81) * 4060  = $1177.4 Favorable

Direct labor cost variance = (Standard rate - Actual Rate) * Actual Quantity

where, Standard rate = 2 and Actual rate = (7540/4060) = $1.86

Variance = (2-1.86) * 4060  = $568.4 Favorable

Factory Overhead variance

= Standard applied - Actual applied  

Variance = (0.55*4060) - 2680     = $447 Unfavorable

Net effect on total cost variances = (1177.4+568.4-447) = $1298.8 Favorable

For c)

The over all cost performance has favored the business as they ere able to lessen costs in direct labor and material department. However, the fixed costs performance has deteriorated and there may be some technical issues that the company can deal with to ensure they perform better on fixed costs. The over all performance is favorable.

5 0
3 years ago
The study of international business is fine if you are going to work in a large multinational corporation, but it has no relevan
tatiyna

Answer:.The study of international business has more relevance to the individual than its accruing benefits to the company

Explanation: It must concisely be understood that, no worker is being paid just for working, but for the marginal productive he or she is  adding  to the company. Marginal productivity is therefore not a function of  physical hard work but mental contribution to production processes which culminates in optimum productivity. It therefore stands to reason that, your  knowledge and skills acquired through this study might be a catalyst  to improve  and boost your performance in the small firms or local industry you might be privileged to be engaged. Your knowledge of international dealings might also be a catalyst to branding the small firm with a competitive  edge over its contemporaries.

4 0
3 years ago
Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales
Alexeev081 [22]

Answer:

160,000 units

Explanation:

Step 1 : Determine the Sales Mix

Bramble : Standard

60000 : 40000

3 : 2

Step 2 : Determine the Overall Break even Point

Break even Point = Fixed Cost ÷ Contribution per unit

                             = $2400000 ÷ $30

                             = 80,000

Step 3 : Determine break-even point for Standards

Standards Break even point = 80,000 x 2

                                               = 160,000 units

Thus,

Bramble Corp would sell 160,000 units of Standards at the break-even point

8 0
3 years ago
pablo management has five employees, each of whom earns $250 per day. they are paid on fridays for work completed monday through
Makovka662 [10]

Pablo Management has five part-time employees, each of whom earns $250 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4 New Year's Day. (January 1) was an unpaid holiday.

1. December 31 Wages expense (debit) 1250

Wages Payable (credit) 1250

2. January 4 Wages expense (debit) 3750

wages payable (debit) 1250

Cash (credit) 5000

<h3>What are Wages?</h3>

A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame. The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.

A person's pay is the sum of money that is routinely given to them in exchange for the labour that they perform. He now makes more money. 

To learn more about wages visit:

brainly.com/question/14895331

#SPJ13

3 0
1 year ago
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