According to anthony downs model, a rational party will adopt the policy position that is

For a new product to be profitable, it must Multiple Choice enable customers to obtain greater total utility from their money in

Sidana [21]

Answer:

have greater marginal utility than existing substitute products

Explanation:

Utility is the satisfaction derived from consuming a good or service. Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.

Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.

8 0

3 years ago

Grengens, a European chocolate manufacturer, received several complaints from customers about the quality of its product when it

Kay [80]

Answer:

Letter E is correct. <u>Product disapprobation.</u>

Explanation:

In this matter, we can say that the factor that probably dictated the adaptation of Greengens products in this scenario was the product's disapproval.

This failure of the chocolate company Greengens was due to some management error and analysis of the market in question. When entering an international market, the company must analyze a series of important variables for the product to be accepted by the local public, no matter how standardized the product is, there are some local characteristics that should not be disregarded, such as local values, culture , needs, tastes, etc., which means that an adaptation of a product or service is necessary for it to be actually accepted and consumed in a given country.

4 0

4 years ago

Daniel, age 38, is single and has the following income and expenses in 2020:

Sliva [168]

Answer:

See below

Explanation:

a. Classify the following expenses as either " Deductible for AGI " , " Deductible from AGI " , or " not deductible".

Particulars

•Payment of Alimony ----- Not deductible

•Mortgage interest on residence---Deductible from AGI

•Property tax on residence------Deductible from AGI

•Contribution to traditional IRA (assume the amount is fully Deductible)----Deductible for AGI

Contribution to United Church-------Deductible from AGI

Loss on the sale of real estate(held for investment)-------Deductible for AGI

Medical expenses------deductible from AGI

State income tax-----------deductible from AGI

Federal income tax-------Not deductible

What is Daniel's Gross income and his AGI

I. Gross income

Salary income + net rent income + dividend income

$165,000 + $12,500 + $2,900

$180,400

ii AGI

Gross income - (Contribution to traditional IRA + loss on sale of real estate)

$180,400 - ($4,800 + $575)

$175,025

b. Because Daniel's total itemized deductions (after any limitations) are $14,900 (Please see workings below), he would benefit from itemizing his deductions from AGI

•Workings

Mortgage interest on residence $8,300

Property tax on residence

$3,400

Contribution to United Church

$1,700

State income tax

$1,500

Medical expenses[Medical expenses that are allowed for tax deductions should not be more than 10% Adjusted gross income

$0

Total itemized deductions

$14,900

3 0

3 years ago

Which statement is false? A. A monopoly sells lower-quality products at higher prices than in a perfect competition. B. Natural

NeX [460]

Answer:

The correct answer would be option E, Homogeneous products leave consumers with no choice, which means this statement is False.

Explanation:

Homogeneous products leave consumers with no choice is the False statement, because homogeneous products are the products which cannot be differentiated or distinguished from each other. They have almost exact physical characteristics and properties. People cannot differentiate the products of different suppliers.

So homogeneous products have a lot of substitutes, people have a vast choice range for such products. For example if you go for grocery, you can find different apples coming through different suppliers from different countries, and you are clearly not able to differentiate between them, yet you have a vast range of choice to select from the apples you like.

4 0

3 years ago

The _____ is determined by the number of separate items within the same category. it is typically reflected in the number of s

sdas [7]

The answer is product line length
The product line length will determine the variety of choice available for customers when they're selecting the products from the company.
Larger product line length means that the company could serve a more diverse group of consumer base

6 0

4 years ago