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natta225 [31]
3 years ago
10

Company ABA showed its customers products with various combinations of features and attributes, with price being one of them. It

s customers were asked: "Which combination do you prefer most, next most, etc.?" What type of study did Company ABA conduct?
Business
2 answers:
Vedmedyk [2.9K]3 years ago
6 0

Answer:

The correct answer is conjoint analysis.

Explanation:

Joint analysis is a technique used in market research to obtain the value that a group of interviewees assigns to each attribute of an object, and is a statistical measure of consumer attitude that quantifies the relative impact of a combination of attributes of a product on your purchase decision, comparing with similar combinations.

Vesnalui [34]3 years ago
4 0

Answer:

conjoint analysis

Explanation:

A conjoint analysis is a marketing research tool developed in the 1970s and used primarily to determine which product attributes (feature, function, benefits) do customers value most and which ones they value less and would be willing to trade or give up in order to get more of an attribute that they really like.

E.g. some products try to satisfy too many needs and have an excess number of features that many people do not use, and simply make them more expensive. Smart TVs exist since 2005, back then they were called internet TVs. But that internet connecting function was extremely expensive, so customers didn't buy them. The whole concept had to change because consumers didn't like the product and it took a national conjoint analysis to show that TV manufacturers messed up. They had to change the name and offer features that people wanted along with services that could be used. The old name was discarded because consumers associated internet TVs with expensive and useless products, so now we have smart TVs that everyone uses and needs. This research showed that back in 2009, less than 30% of the people that bought them actually tried to connect them to the internet, and they were extremely expensive because of this and other recording features that were actually eliminated to focus on what customers really wanted.  

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The continuing cycle of erratic demand causing forecasts to include safety stock which in turn magnify supplier forecasts and ca
balandron [24]

Answer:

The Bullwhip Effect

Explanation:

Bullwhip effect is a phenomenon that occurs in an organisation's channel of distribution due to swings or erratic demands for products by customers. This erratic nature of demands will usually lead to forecasting inefficiencies especially in meeting the demands through the supply chain.

A sudden increase in demand could lead to production planning problems because there might not be enough inventory of materials on ground to meet the demand. Also, a sudden decrease in demand can bring the challenge of excess inventory of materials which may not be needed for production for a while.

One of the measures taken to manage this erratic nature of demands is to ensure that whatever the forecasts for demands is, safety stock must be included to the forecast level of demand so as to ensure that production planning is adequate and the demands are met as well.

6 0
2 years ago
Tyler has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does
svp [43]

Answer:

business partner

Explanation:

Business partner -

It refers to the authority in the business , which has the right to take decisions for the project of the business , is referred to as business partner .

The relation between the two or more people i.e. , the business partners can be on the contract basis or exclusive in nature .

Hence , from the given scenario of the question ,

Tyler need a buisness partner for his business .

8 0
2 years ago
If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X
lys-0071 [83]

Answer:

C) more than 5Y

Explanation:

the opportunity cost of producing 101 units of X = 5 units of Y

if the opportunity costs increase as the number of units produced increases, then the opportunity cost of producing 201 units of X will be more than 5 unit of Y. This is simply because 5 units of Y was the opportunity cost of producing 101 units of X and the opportunity costs are increased.

4 0
3 years ago
If expectations of the future inflation rate are formed solely on the basis of a weighted average of past inflation rates, then
vaieri [72.5K]

Option C

If expectations of the future inflation rate are formed solely on the basis of a weighted average of past inflation rates, then economics would say that expectation formation is:  adaptive.

<u>Explanation:</u>

Adaptive expectations hypothesis implies that investors will modify their expectations of future behavior based on current prior behavior. In finance, this impact can effect people to produce investment decisions based on the way of contemporary historical data, such as stock price activity or inflation rates, and modify the data to prophesy future exercise or rates.  

If the market has been trending downward, people will possible expect it to proceed to trend that way because that is what it has been acting in the recent past.

7 0
3 years ago
Which sentence about flexible spending accounts (FSAs) is true? A. The funds in the account remain for as long as you’re employe
blsea [12.9K]

Contributions shall be paid until contributions for eligible spending are removed.

<u>Explanation: </u>

A Flexible Spending Account (FSA) is a kind of savings account that offers specific tax incentives for the account holder. The employer for a contractor provides the FSA, also known as a flexible spending plan. The account requires workers to pay for eligible charges related to medical care and dentistry for a percentage of their daily earnings.

An FSA is a form of savings account that helps workers to pay for authorized expenses in a part of their regular income.

Funds paid to the company shall, due to payroll deductions, be excluded from the worker’s wages.

The money must be invested by the completion of the scheme year in the FSA, but employers can give up to 2.5 months of time until 15 March next year.

4 0
3 years ago
Read 2 more answers
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