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
Making journal entries Assume that during the month of April the production report of Austin Adhesives, Inc., in E8-10 revealed
Alex_Xolod [135]

Missing Information:

The normal capacity of  is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6 lb of materials at an estimated cost of $2 per pound. The estimated cost of labor is $10.00 per hour.

Answer:

Raw materials Inventory   260,000 debit  

D:M price variance                2,600 debit

     Account Payable                   257,400 credit

--to record the purchase ---

WIP-Inventory          248,000 debit

DM quality variance    2,000 debit

       Raw materials Inventory   250,000 debit

--to record requisition of materials--

WIP-Inventory    420,000 debit

D:L rate variance    1,640 debit

    Wages Payables             411,640 credit

    DL efficiency variance     10,000 credit

--to record the charge of labor into WIP--

Explanation:

130,000 pounds x $1.98 (actual)      = $257,400‬

130,000 pounds x $2.00 (standard) = $260,000

variance 2,600 favorable

Quantity Variance:

actual: 125,000 x $2 = 250,000

standard:  21,000 x 6 = 124,000 pounds x $2 = 248,000

variance: 2,000 unfavorable  

41,000 hours x $10.04 each = $411,640

41,000 hours x $10.00 each = $410,000

rate variance 1,640 unfavorable

efficiency variance:

21,000 x 2 hours = 42,000 hours x $10 = 420,000

actual 41,000 x $10 = 410,000

favorable 10,000

6 0
3 years ago
Consumer ________ helps answer questions such as why people choose one product or brand over another
san4es73 [151]

Answer:

The answer is Consumer Behavior

Explanation:

Consumer Behavior is the study of individual customers, a group of people or organizations with regard to how these people and organizations purchase and dispose goods and services that are needed to satisfy their wants or needs.

This study seeks to understand how the behave in  the marketplace and the reason(s) for this behavior.

The importance of understanding consumer behavior is that it can help you become more effective at marketing, advertising, product design and development, which will have the major impact of your customers.

An example can be seen when someone seeks the advice of his/her friend before purchasing a car. In this case, they may buy the car not because they like it, but because a friend recommended that car.

4 0
3 years ago
Every year managers are given targets for categorizing their employees’ performance at the end of the year. The managers are all
Alla [95]

Answer:

forced distribution

Explanation:

Forced distribution method is the oldest method used in various industries to evaluate the performance of any class of employees based on some standard norms as set by the company under this method.

It basically distributes each class of employee into category of management, lower, middle or upper.

This is forced because there is no change in such evaluation method, despite even the change in the company's working style is there.

But in the given instance the company has followed this forced distribution.

8 0
2 years ago
Which of the following is LEAST likely to provide a sustainable competitive advantage?Select one:a. creating an efficient supply
yawa3891 [41]

Answer:

The correct answer is d. lowering price.

Explanation:

Sustainable competitive advantages are company those abilities and traits that are difficult to duplicate or exceed; and provide a superior or favorable long term position over competitors.

Lowering price is good stratergy to compete with new competitors comming in the industry. However in long run you have to focus on building  processes that generate value for customers and both internal and external stake holders.

5 0
3 years ago
Which one of the following is an example of panel data set?
djverab [1.8K]

Answer:

is answer b  

Explanation:

6 0
3 years ago
Other questions:
  • A machine with a cost of $142,000 and accumulated depreciation of $97,000 is sold for $56,000 cash. The amount that should be re
    6·1 answer
  • What refers to the quantity of goods and services that consumers are willing to buy at a given price? refers to the quantity of
    13·2 answers
  • Does supply curve shift to the left or right​
    7·2 answers
  • John would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much
    6·1 answer
  • Which of the following is NOT a reason individuals typically choose to save? 1. to smooth their consumption over the life cycle
    13·1 answer
  • Which of the following forms of business organizations does not have the pass-through feature of income and losses? a. partnersh
    6·1 answer
  • Suppose that actual inflation is 3 percent, the Fed's inflation target is 2 percentage points, and unemployment rate is 3 percen
    15·1 answer
  • In a research program that was conducted at the University of Michigan, it was found that relationship-oriented behavior also ma
    7·1 answer
  • U. s. treasury securities considered to be risk-free because they have minimal, if any, ____ risk.
    14·1 answer
  • the 2-year discount factor is 0.92. what is the present value of $1 to be received in year 2? note: do not round intermediate ca
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!