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Sergeeva-Olga [200]
3 years ago
8

Answer the following questions using: (a) shoes,(b) barbecue grill,(c) car,(d) toaster,(e) iPad, and( f ) adopting a pet from a

shelter.How important are reference groups to the purchase of the above-mentioned products or activities? Would their influence also affect the brand or model? Would their influence be informational, normative, or identification? Justify your answers in brief.
Business
1 answer:
vfiekz [6]3 years ago
7 0

Answer: Reference group is very important in purchasing the items listed above, this is because in our society today, everyone wants to use the best product, and products that are recognized for its customer's satisfaction.

Reference group is important because they influence the decision of consumers when trying to purchase a particular product, reference group can be friends, experts, family or neighbors who an individual can approach to seek for more information about a particular product, especially when purchasing a product we have never used before, this is like seeking for consumer reviews.

We believe that a product with more customer review is safe to purchase, for example while getting a new car or iPod we might want to ask for its longevity, how expensive the spare parts are if spoilt and so on, we often based our decision on what most people think about it.

2. Yes their influence will affect the brand or model purchased, this is because while seeking the help of a reference group they tend to recommend some best brand in the market on which the consumer make the final decision on.

3. Their influence on the items listed above can be informational this is because when a reference group influences a consumer behavior or decision based on giving fact or information on the social, financial and performance risk of a particular product, especially in a situation where the consumer has little or no knowledge about the item to be purchased for example like the car, iPod and others, this kind of influence is informational.

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sasho [114]

Answer: Financial disadvantage of -$‭863,000‬

Explanation:

If they made the 87 thousand units themselves, they would incur a cost of:

= 87,000 * (Direct labor + Direct materials + Variable manufacturing overhead) +  Traceable fixed manufacturing overhead

= 87,000 * (23 + 24 + 22) + (23 * 110,000)

= 87,000 * 69 + ‭2,530,000‬

= $‭‭‭8,533,000‬

<em>Traceable fixed costs are based on the total capacity of 110,000 units being produced and so will not change. </em>

If they buy from the supplier, the cost would be:

= 108 * 87,000

= $‭9,396,000‬

Financial advantage (disadvantage) = ‭‭8,533,000‬‬ - ‭9,396,000‬

= -$‭863,000‬

8 0
3 years ago
According to Goldratt, Multiple Choice a product coming out of a non-bottleneck is precious and should not be wasted. an hour lo
Vlad1618 [11]

Answer:

The correct answer is an hour lost at the bottleneck is an hour lost for the entire system.

Explanation:

This was one of the rules of the book "The goal", by Eliyahu Goldratt. It means that the bottleneck resources are those that have capacity limitations that lead to limiting the entire production process. For this reason it is necessary to make an evaluation of each one of the processes with a direct impact on the production of the product, in order to ensure that none will present determinants that impact the entire chain.

6 0
3 years ago
What are the three activities according to which a statement of cash flows is organized?
HACTEHA [7]

Operations, Investing and Financing are the three activities according to which a statement of cash flows is organized.

Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is consistently moving into and out of a business.

For example- When a retailer purchases inventory, money flows out of the business toward their suppliers.

To learn more about

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8 0
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Ksju [112]

The correct answer is C. Highly motivated IT, college graduate, with software design internship. Experience with Java, XML, and HTML. Logical and systematic problem-solver; capable of independently troubleshooting and performing complex coding tasks.

Explanation:

Qualification profiles should mention the qualifications of a candidate for a specific job or position. This includes information about the education, skills, and even experiences of the individual. Moreover, a qualification profile should be brief and should be written using the third person.

All of these requirements are met only in option C because this includes information about education "IT college graduate", experience "experience with Java, XML..." and relevant skills for this job "problem-solver, capable of independently troubleshooting...". Also, this is brief but still includes more information about qualifications than other options. Finally, this is written using the third person as the author avoids the use of words such as "I".

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