The basic five stages are problem recognition, information search, alternatives evaluation, purchase decision, and post-purchase evaluation.
<h3>What is a purchase?</h3>
A purchase refers to the action of buying something. Purchasing is considered an important course of action.
There are five main stages that a customer needs to undergo before making any decision either to buy a product or not.
The five stages are
- Problem recognition- It is the most basic step that ensures if there is a need for purchase.
- Information search- The next step is to search the information related to the Tata Nano
- Alternatives evaluation- It helps in evaluating the choices available for the product. Other options for cars are taken into consideration.
- Purchase decision- After evaluation, a consumer may decide between buying Tata Nano. This decision depends upon the feedback of other people.
- Post-purchase evaluation- After purchasing, it may lead to brand loyalty if the customer is satisfied with the purchase.
Learn more about the Purchase decision process here
brainly.com/question/26517026
Answer: Mutual Fund
Explanation:
You included no options however this should be the correct answer.
Mutual funds work by pooling the investments of many different investors and then hiring a professional to manage these funds such that the investors can make profits.
The investors will then own shares in the mutual fund which is equivalent to their investment. Mutual funds offers the advantage of diversification to its investors who will be able to invest in many diverse industries with a relatively low amount of money.
Answer: Option b
Explanation: Perfect competition refers to a market structure in which there are large number of small sellers selling identical products in the market. Due to large number of participants no individual firm is able to affect prices on the basis of their operations.
It is not possible earn abnormal profits in such a market structure.
Hence from the above we can conclude that the correct option is B.
Answer:
D. $ 55 comma 000
Explanation:
The computation of the total revenue is shown below:
= Provided services for cash + Provided services on account
= $20,0000 + $35,000
= $55,000
In order to find out the total revenue, we considered only that transactions at which the revenues took place. So, only two transactions are relevant for the computation part
Answer:
$10 per hour
Explanation:
As for the information provided,
Predetermined overhead rate is the rate that is determined based on the expected or estimated level of activity, that is then charged to actual level of activity, which gives us over-applied or under-applied overheads.
In the given case, estimated overheads = $250,000
Estimated direct labor hours = 25,000
Thus, predetermined overhead rate = $250,000/25,000 = $10 per hour.
