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FinnZ [79.3K]
3 years ago
15

Hope is desperate for the new designer purse that she saw while window shopping at her local mall. She knew every girl in school

would covet her bag and wish to be like her. When she walked in, she whipped out her credit card, and purchased the $5,000 bag. This kind of purchasing is called: Group of answer choices a) Credit card consumerism b) Popular consumerism c) Designer consumerism d) Conspicuous consumption.
Business
1 answer:
Lilit [14]3 years ago
7 0

Answer:

D.

Explanation:

Conspicuous consumption is when a person pays an extremely high price for a product for its prestige value leading to a much higher demand than a simple price/demand relationship would justify.

Characteristics:

-Buying expensive items to display wealth and income rather than to cover the real needs of the consumer.

-Gain higher social status.

-Behavior not only limited to the rich/upper class but among the poorer social classes and emerging economies.

-Clear positioning.

-Time relation is the present.

-Able to take risks.

-Try new products.

-Love symbols of status.

-Wants status appreciation.

You might be interested in
If Sharon's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions sup
CaHeK987 [17]

Answer:

Supply Curve. Supply Schedule

Explanation:

A supply curve is a graph showing the relationship between price and quantity supplied. It slopes upward indicating a positive/direct relationship between price and quantity supplied. In this case, the higher the price of televisions, the more units of televisions will be supplied in the market. The supply curve is plotted from a supply schedule. This would be the suitable alternative if Sharon's boss was interested in a graphical presentation to analyse the quantity supplied of television in the market per given time period and price.

A supply schedule shows the relationship between price and quantity supplied using a given set of numbers/data. This would be the suitable option if Sharon's boss was more interested in a visual represenation of the quantity of television sold at given prices and particular time periods.

6 0
4 years ago
Q.3 A company has an investment opportunity costing · 40,000 with the following expected net cash flow
Naddika [18.5K]

Answer: 17,000

Explanation: nothing dont take my answer i guessed

7 0
3 years ago
Jason bought a car for $40,000 upon graduation from college with an engineering degree and a very good job offer. A down payment
Studentka2010 [4]

Answer:

Explanation:

The cost of the car = $40,000

Down payment = $5,000

Therefore loan amount on the car = Cost of the car - Down payment

= $40,000 - $5,000

= $35,000

But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount

Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100

Now we can use PV of an Annuity formula to calculate the monthly payment of car loan

PV = PMT * [1-(1+i) ^-n)]/i

Where PV = $37,100

PMT = Monthly payment =?

n = N = number of payments = 60 months

i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month

Therefore,

$37,100 = PMT* [1- (1+0.005)^-60]/0.005

PMT = $37,100/51.72

= $717.38

Therefore correct answer is option A. $717.38

5 0
4 years ago
You just won the lottery, which promises you $990,000 per year for the next 20 years. You receive the first payment today (hint:
Ghella [55]

Answer:

The present value of your winnings is $9,410,263.59

Explanation:

Present value of annuity due=(1+rate)*Annuity[1-(1+interest rate)^-time period]/rate

=1.0975 x 990,000 [1-(1.0975)⁻²⁰]/0.0975

=990,000 x 9.50531677

=$9,410,263.59

4 0
3 years ago
The demand curve for coffee shifts Group of answer choices only when income changes. when a determinant of the demand for coffee
irinina [24]

Answer:

when a determinant of the demand for coffee other than the price of coffee changes

Explanation:

There should be the demand curve of the coffee shifted at the time when the coffee demand other than the coffee price change i.e. it can be increase or decrease. In other words, all the factors are changed other than price so there would be the shift in the demand curve of the coffee

So as per the given situation, the above represent the answer

3 0
3 years ago
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