Consumers determine value of the product on the basis of the opportunity cost to buy the product.
Opportunity cost – in macroeconomic theory, the opportunity cost of one activity is the loss of value or benefit that would be incurred by engaging in that activity, in comparison to engaging in an alternative activity offering better return in value or benefit.
When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.
Therefore the consumers determine value of product on the basis of opportunity cost to buy the product by doing cost benefit analysis.
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Answer:
d. a union representative urging management to avoid a strike by raising wages
Explanation:
The persuasive speaking includes some important elements, its principal objective is to convince the listener about an specific point of view. It may include three principal methods: pathos, ethos and logos.
In this case the Union representative is trying to persuade the management to rise salaries, he can be appealing to Logos strategy. Logos is to use logical arguments to convince the audience, they will be evaluating if the argument of the speaker makes sense.
Answer:
Adjusted bank and book balance is $25,960 and $25,960 respectively
Explanation:
Bank statement balance Book balance
Opening balance 26,960 26,620
Add: <em>Deposit in transit Interest earned </em>
3,000 150
Less: <em>Outstanding check</em> <em>Error on check </em>
4,000 (4,900 -4,090) = 810
Adjusted Balance $25,960 $25,960
<span>A buyer who needs a significant amount of trust with the seller is looking for an affiliative selling relationships.
When trust is an issue, a buyer and seller may join an affiliative selling relationship. By joining in on an affiliative selling relationship both parities are able to be judged if the wrong decision is made. Customers trust both parties and the parties typically are able to build trusting relationships because they wouldn't want to jeopardize their own. </span>
