Replacement value of the home = $275000
Percentage of Insurance required = 85%
The amount of coverage is 85% of the replacement value of the home. Therefore, the coverage amount would be:
Coverage amount = $275,000 x 85%
= $275,000 x 0.85
= $$233,750
Therefore, they need to have an insurance cover of $233,750 to cover the 85 percent replacement value of the current home.
Answer:
Her opportunity cost of taking the quiz is the value of completed her calculus homework.
Explanation:
Opportunity cost is the value of the next best alternative foregone. That means the benefits that someone misses out on when chooses one alternative over another.
In this case, Sara herself tells us that she would have completed her calculus homework, which makes it her next best alternative foregone.
Answer:
consumer decision-making process
Explanation:
When buyers want to make a purchase there are many factors that come into play before he makes a choice on which product to buy.
The process by which a user identifies which product best meets his needs, gathers information on how to solve their needs, examines alternatives, make purchase, and gauge satisfaction from purchase are the processes of consumer decision-making process.
On the given scenario Andrea wants to start jogging, and she has been told she needs to find well-fitting jogging underwear.
This is the the stage of identifying consumer needs, the first stage of consumer decision-making process.
Answer: product benefit
Explanation:
When advertising a particular product, the product benefit simply means the benefits that the consumers will enjoy when they bunch such products.
In this case, Better Not Younger focuses on how its products make aging hair feel softer, therefore thus is the product benefit as this is what the consumers will enjoy when they purchase it.
