1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mice21 [21]
2 years ago
12

A shopper infers that a product must be of high quality because the manufacturer has been in business a long time. Which heurist

ic is this an example of
Business
1 answer:
Rzqust [24]2 years ago
6 0

Answer:

The Compromise effect

Explanation:

Heuristic is a  modelling that explains the two fundamental ways of processing information while making up an opinion.

Data and information can be processed diligently in order to form an opinion which is a more accurate way than the other type known as heuristics .This explains that opinions can also be formed based on just a mere perception of issues or based on the opinion of other people or experts , which in most cases may not give a true representation of the situation at hand.

However , it forms a part of human daily activities and can also be useful in forming the required opinions in the course of daily activities.

One of the effect as seen in the question is bias attitudes or the compromise effect.

You might be interested in
Sohan started a business with a capital of rs. 80000. After 6 months mohan joined as a partner by investing rs. 65000. After one
Lady bird [3.3K]

Sohan invested Rs 80000 in the beginning of his firm. After six months, Mohan invested Rs. 65,000 to become a partner. Sohan put his money into investments for 12 months, while Mohan made investments for 6 months. They made a total profit of Rs. 20,000 after a year. The portion of Sohan in the profit that he made is 14222.

One way to assess a company's success is through its profit. Its simplest definition is the sum that remains after deducting all expenses from all revenues. The remaining funds, or your profits, can either be retained by the company and reinvested to fund future expansion, or they can be given as a draw or dividends to shareholders.

To learn more about share of profit here

https://brainly.in/question/47628097

#SPJ4

4 0
2 years ago
Why did the housing market crash in 2008
Komok [63]
Because the banks were down
8 0
3 years ago
Read 2 more answers
What is a mixed economy?
Jet001 [13]
 A mixed economy is <span>a system mixing private and public enterprises.</span>
5 0
3 years ago
Read 2 more answers
What are some specific emotional reasons people may reject the gospel message
natima [27]

Some people might reject the gospel message because they have a different opinion on the matter, they have a different religion, or they simply don't understand. People tend to reject things they don't understand.

6 0
3 years ago
Which is an independent variable in a study where tractor supply, a retailer of garden and farming equipment, increases the pric
Gelneren [198K]

The independent variable is the one being manipulated (or changed) in order to study the effects. In this case the independent variable is the $5 price change.

6 0
3 years ago
Other questions:
  • Provide an example that shows variable costing is divided among different activities, and that each activity has its own predete
    11·1 answer
  • ________ costs are costs that limit the occurrence of defects and imperfections. prevention failure process assessment appraisal
    7·1 answer
  • Based on your understanding of help desk operations a job stress, make a list of ten or more different factors in a help desk en
    8·1 answer
  • Meredith inc. is a manufacturer of art supplies. the company has announced plans to enter into an equity strategic alliance with
    8·2 answers
  • Stephanie, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is consider
    5·1 answer
  • In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on mon
    15·1 answer
  • Consider a European put option with strike price $30 and time to expiration 1 month. Assume the underlying stock price does not
    8·1 answer
  • A company's balance sheet shows: Cash $36,000, Accounts receivable $23,000, Office equipment $57,000, and Accounts payable $24,0
    5·1 answer
  • When the consumer price index rises, the typical family.
    14·1 answer
  • high initial costs, licenses, start-up fees and government regulation are all examples of .
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!