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ra1l [238]
2 years ago
11

What is a major distinction between customers who purchase a product because they are brand loyal and those who purchase by iner

tia?
Business
2 answers:
Over [174]2 years ago
5 0

Answer:

Whether the customers hold a very positive or weak attitude toward the product.

Explanation:

When a customer buys a product by inertia, they are doing it because they are used to doing so, and really pay no attention to the fact that they purchasing that specific product. E.g. when you purchase some convenience products, like toilet paper, milk, spices, etc., you purchase the same brands over and over again not because you are a fan of Charmin and dislike Scott (or vice versa), but because you always buy it.

When someone purchases a good or service because they are loyal to the brand, it means that the product itself is something that is relatively important to them, at least important enough for them to pay attention. Someone who is loyal to a brand will only purchase that specific brand, and if it is not available, will generally not purchase anything. E.g. I like Coke and despise Pepsi, so if there is no Coke, I drink water.

noname [10]2 years ago
3 0

The complete question should be:

What is a major distinction between customers who purchase a product because they are brand loyal and those who purchase by inertia?

A) the cost of the product

B) the social risk of the product

C) whether the purchase is made after a compensatory or noncompensatory decision process

D) whether the customers hold a very positive or weak attitude toward the product

Answer: whether the customers hold a very positive or weak attitude toward the product

Explanation:

A consumer who buys a product based on inertia is a consumer who buys a product he/she isn't familiar with but is attracted to purchase, therefore no strong link between the consumer and product. While a consumer who purchases a product he/she is loyal to has a very strong connection to that product.

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A car dealership spends $140,000 on cars to stock their lot. After a day of sales, they earn a total revenue of $300,000. What i
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Answer:

$160,000

Explanation:

Calculation of the car dealership's profit

Using this formula

Profit= Total revenue- Amount Spend

Where,

Total revenue=$300,000

Amount Spend=$140,000

Let plug in the formula

Profit =300,000-140,000

Profit =160,000

Therefore the car dealership's profit will be $160,000

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Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. Wha
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Answer:

B. organization architecture

Explanation:

Organization architecture refers to one of the most comprehensive terms in organizational sciences. It includes a thorough organizational structure with defined roles and processes, taking into consideration the human capital. Also, it describes the existing control mechanisms that ensure that processes are well maintained, as well as the incentives that drive motivation and set organizational goals.

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3 years ago
An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. If the required return is
Reika [66]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. The required return is 5 percent.

A) FV= {A*[(1+i)^n-1]}/i

FV= {6600*[(1.05^10)-1]}/0.05= $83,014.09

PV= FV/(1+i)^n= 83,014.09/1.05^10= $50,063.39

B) n=35

FV= {6600*[(1.05^35)-1]}/0.05= $596,114.03

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3 years ago
Companies that have become successful with a limited standard product offering often fall into the trap of subsequently broadeni
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Answer:

True

Explanation:

When a company successfully offers a product or few products to customers, it tends to expand the range of products it has to offer.

For a <u>company to increase its range of products successfully, it has to realize that it must make corresponding changes to its processes to accommodate the addition of new products.</u>

However <em>oftentimes, companies do not make the necessary changes to their process strategy when expanding their product offerings.</em>

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