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MrRa [10]
3 years ago
5

Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo

ng brands in blind tests (i.e., taste or other use of the products without labels). nonetheless, even when prices are similar, consumers have strong preferences for specific brands. they may buy out of habit, which is the basis of
Business
2 answers:
Alchen [17]3 years ago
6 0
<span>They may buy out of habit, which is the basis of routine problem solving. Routine problem solving is defined as associating one type of operation for problem solving with what seems to be correct in nature to that person. Though it has been shown that people without seeing the brand they are familiar with are able to distinguish between products, once they see the brand they are use to they stick with it. People like to stick with what they know and are comfortable with even if the quality of something else is the same. </span>
Leona [35]3 years ago
3 0

The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

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Recording revenue before it is collected is an example of: Multiple Choice A prepaid expense transaction. A deferred revenue tra
PilotLPTM [1.2K]

Answer:

An Accrued Receivable transaction

Explanation:

Before the receipt of cash recording a revenue is the example of accrued receivable because product is sold or services are already been performed on which basis transaction is occurred and recorded. So, the receivable is recorded against the revenue entry.

The journal Entry for this transaction will be as follow

DR. Account receivable  xxx

CR.  Revenue                   xxx

6 0
3 years ago
Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Co
irina1246 [14]

Answer:

Variable overheads efficiency variance = $13,040  favorable  

Explanation:

<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>

                                                                                       Hours

5,900munits should have taken (5,900× 0.9)          5,310

but did take                                                                 <u> 2050  </u>        

efficiency variance in hours                                         3,260 favorable

Standard rate per hour                                               <u>   $4.00 </u>  

Variable overheads efficiency variance                   <u>   13,040 favorable </u>

Variable overheads efficiency variance = $13,040  favorable          

3 0
3 years ago
Firms often use _____ advertising to convince consumers to take action such as switching brands, trying a new product, or even c
inysia [295]
<span>The answer to the question is persuasive. A persuasive advertisement is one that can convince a consumer to switch from one brand to another, or to stay loyal to a brand. Firms use persuasive advertising as part of their marketing strategy to keep customers and to also attract new ones.</span>
8 0
3 years ago
Select the correct answer from each drop-down menu.
Aleks [24]

Answer:

As Fabian opened his store and made a purchase in credit, this made the asset as current assets and they are mainly getting converted to current liabilities as because he is liable to pay for the products he purchased but was unable to sell those items.

Explanation:

There are many ways of making money, but when there is a way of earning money which is not predictable, then it becomes very difficult to make decisions and analyze for anything,

3 0
3 years ago
Suppose there is a decrease in the price of butter. What do we expect to happen to the demand for bread? Assume that bread and b
dimulka [17.4K]

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

<u>Explanation:</u>

Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other

If the Price of butter decreases,  it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

3 0
3 years ago
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