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AleksAgata [21]
3 years ago
9

In a _____ situation, the buying center is likely to proceed through all six steps in the buying process and involve many people

in the buying decision.
Business
1 answer:
Masteriza [31]3 years ago
8 0
In a NEW BUY situation, the buying center is likely to proceed through all six steps in the buying process and involve many people in the buying decision.

A new buy situation occurs when the customer buys goods or service for the first time. Because of this, the buying decision is quite involved to the extent of going through the six steps of the buying process.
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The forecasting time horizon that would typically be easiest to predict for would be the A. intermediate range. B. short range.
Murrr4er [49]

Answer: B) Short range

Explanation:

Short range time horizon forecasting is prediction of the time span range till which the decisions regarding production, investments etc will work.This span is from three weeks lasting upto 1 year for making plans and accurate or actual predictions  .It is used in job plan, work-force stages etc.

Other options are incorrect because long, medium or intermediate are the horizon that can't be predicted easily as compared to short range horizon for making decision based on few weeks span.Thus, the correct option is option(B).

6 0
3 years ago
Suppose that a firm's production function is given by Q = KL(MPK = L and MPL = K), where Q is the quantity of output, K is units
Lelechka [254]

Answer:

Please find the detailed answer as follows:

Explanation:

Q = KL

Wage = 30

Rent or price per unit of capital = 20

a) A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.5L x L

600 = 1.5L2

L2 = 600/1.5 = 400

L = 20 is the answer.

K = 1.5L

K = 1.5 x 20 = 30 is the answer.

So, 20 units of labor and 30 units of capital should be used by firm to minimize the cost of producing 600 units of output.

b)

A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = 1.23KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.23 x 1.5L x L

L2 = 600 / (1.23 x 1.5)

L2 = 325.2

L = 18 approximately or rounded off.

K = 1.5L

K = 1.5 x 18 = 27

Total cost = (wage x units of labor used) + (rent x units of capital used)

= (30 x 18) + (20 x 27)

= 540 + 540 = 1080 is the answer.

8 0
3 years ago
True or False. A stockbroker is always required to act in a client's best interests and is held to a fiduciary standard.
eduard

Answer: true

Explanation:

3 0
3 years ago
On January 2, 2022, McClelland Company purchased a machine and signed a noninterest-bearing note in payment. The note matures in
tresset_1 [31]

The amount that McClelland Company should record the machine upon purchase is<u> $56,505.</u>

<h3>Recording the transaction</h3>

The proper way to record the transaction based on U.S. GAAP polices is to debit the Machine account with the price of $56,505 as this represents the market value of the machine.

The company should also credit the Notes payable account with $70,000 being the value of the note acquired. A debit will go to the Discount on Note account for $13,495 which is the difference between the note and value of machine.

Find out more on recording Notes Payable at brainly.com/question/17073934.

6 0
2 years ago
______________ refers to employers that take reasonable action to accommodate a disabled individual such as providing special co
tresset_1 [31]

The answer is the ADA or also known as the Americans with Disabilities Act of 1990, where in their main focus is the people who are disabled in means of having them to be provided with benefits in order to accommodate their physical limitation as a way of helping them.

5 0
3 years ago
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