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
aliya0001 [1]
4 years ago
9

What are unsought goods?

Business
1 answer:
dangina [55]4 years ago
4 0

Answer:

Unsought goods are goods that are not in demand either because consumers are not aware of them, or because they do not see an immediate need for them.

Explanation:

There are certain goods that <em>consumers are not aware of and as such, are not interested in purchasing</em>. These goods are called unsought goods. New products just entering the market are examples of unsought goods and awareness for such products can be generated through advertising and extensive marketing.

In some cases, <em>consumers are aware of unsought goods but are not interested in buying them at the moment as they do not have immediate benefits</em>. An example of such is accident insurance.

You might be interested in
Which is not an area of significant difference between manufacturing and service operations?a) forecasting demand b) uniformity
ioda

Answer:

Letter a is correct.<u> Forecasting demand.</u>

Explanation:

The correct alternative is forecasting demand, because it is only possible to predict future demand for the manufacture of some good, according to the statistical data of the service provided, so this is an area between manufacturing and related services.

Demand forecasting is a process of finding statistical and economic data that assists in future organizational control, such as sales and cash flow planning, inventory and purchasing control, production planning and others.

By analyzing the past scenario it is possible to predict variables that will impact the future of the business, so for the forecast to be carried out effectively, some steps must be considered:

  • Data collection and analysis ;
  • Objective identification of the applied model ;
  • Forecasting techniques;
  • Monitoring .

Demand forecasting technique, when well planned and executed, guarantees several strategic and competitive benefits for the company, besides being an essential instrument in the decision making process.

7 0
3 years ago
What did the CAN-SPAM Act of 2003 do?
Rufina [12.5K]

The Can Spam Act of 2003 is a widely used name for the United States Federal law known as S. 877 or the "Controlling the Assault of Non-Solicited p**n**graphy and Marketing Act of 2003." The Can Spam Act allows courts to set damages of up to $2 million when spammers break the law.




Hope this answers your question :D  



BTW this is my first answer


3 0
3 years ago
Suppose the government decides to impose a binding price ceiling on the market. 1. Please place the Price Ceiling line segment t
aniked [119]

Answer: After price ceiling is implemented a shortage supply exists if the price ceiling is below the market price

Explanation:

price ceiling is wen the government imposes the maximum price that should be charged  for a good or service. The effects of price ceiling depends on whether government sets the maximum price  that should be charged for a good or service below or above the market price,

if the government sets the price  above the market price, price ceiling will not affect the market, however if the the government sets the price below the market price price ceiling will cause changes in the quantity demanded and quantity supplied.

Please refer to the attachment, in the attachment we see a market that is in Equilibrium and operating efficiently  at price P' and Quantity demanded and supply is Q'. when government sets price ceiling below the market price  (below P') the quantity demanded will increase to Qdem while quantity supplied decreases to Qsup. This will cause  a shortage in the market because quantity demanded is higher than quantity supplied thus creating a Dead weight loss labelled by " DWL "  

4 0
3 years ago
When all employees are exceedingly clear about what is expected from them, guidelines for task completion are clear and understo
dalvyx [7]

Answer:

The correct answer is letter "D": autocratic.

Explanation:

Autocratic leadership is characterized by having the leader explain exactly the parameters of how things must be done within an organization, set what objectives the group mus reach, and control every activity without significant influence of the subordinates. Autocratic leaders hardly ever take the subordinates' advice.

7 0
4 years ago
In Free Market Environmentalism, economists Terry Anderson and Donald Leal write, "Subsidized irrigation encourages farmers to b
Soloha48 [4]

Answer:

b

Explanation:

7 0
3 years ago
Other questions:
  • What is the expected rate of return for a stock that is expected to pay $0.5 dividend next year and is currently selling for $9.
    9·1 answer
  • In which situation is a corporation most likely to call (buy back) a bond?
    8·1 answer
  • Schager Company purchased a computer system at a cost of $40,000. The estimated useful life is 10 years, and the estimated resid
    7·1 answer
  • Use this formula to help solve the problem. gross income = total of all incomes added together Given the following information w
    9·1 answer
  • A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual val
    13·1 answer
  • Which statement is true?
    7·1 answer
  • Leila and bradford enter into a contract in which bradford will pay leila to mow his lawn and leila will mow the lawn weekly. le
    14·1 answer
  • Which of the following is an example of a perk often offered by employers to their employees?
    14·1 answer
  • Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann
    10·1 answer
  • 22. At the end of each year for the next 18 years, you receive cash flows of $3700. The initial investment is $25,200 today. Wha
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!