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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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Suppose the economy is in long-run equilibrium. In a short span of time, there is a decline in the money supply, a tax increase,
Mkey [24]

Answer:

The price level and GDP will fall.

Explanation:

A decline in money supply will increase the interest rate, as a result the investment will decline. This will cause production to decrease. An increase in tax will cause the cost of production to increase, reducing the supply. The taxes will decrease the disposable income, further reduing demand and cnsumption. A pessimistic expectation of business will also cause production to decline.

A rise in the value of dollars will make exports expensive, reducing exports. All of this will cause the GDP and price level to decline.

8 0
2 years ago
Which of the following statements is CORRECT? a. The present value of a 3-year, $150 annuity due will exceed the present value o
lorasvet [3.4K]

Answer:

Statement a. is correct.

Explanation:

The effective annual rate is always higher than the nominal interest rate, as the formula is clear for any number of periods, for any interest rate:

Effective Annual Rate of return = (1 + \frac{i}{n})^n - 1

Further if we calculate the present value of annuity due and ordinary annuity assuming 6 % interest rate, then:

Present value of annuity due =

(1 + 0.06) \times 150 \times (\frac{1 - \frac{1}{(1 + 0.06)^3} }{0.06} )

= 1.06 \times $400.95

= $425.0089

Present value of ordinary annuity = 150 \times (\frac{1 - \frac{1}{(1 + 0.06)^3} }{0.06} )

= $150 \times 2.6730

= $400.95

Therefore, value of annuity due is more than value of ordinary annuity.

Statement a. is correct.

5 0
3 years ago
The main monitoring and controlling tasks performed as part of project ____ management include monitoring and controlling projec
Vinil7 [7]
I believe it would be scope
4 0
3 years ago
________________ and __________________ are creating customers who are educated about their needs and all the available options
iogann1982 [59]

Demand and supply are creating customers who are educated about their needs and all the available options for meeting those needs.

Demand is when people are willing to buy and pay for goods and services at a certain time, while supply is the amount of goods and services available by suppliers to consumers.

There is usually an interaction between the sellers of a resource and the buyers for that resource hence supply create and make available resources while demand pay for the available resources.

Therefore, Demand and supply are creating customers who are educated about their needs and all the available options for meeting those needs.

Learn more: brainly.com/question/4803223

3 0
2 years ago
Your boss never gives you the benefit of the doubt. When you arrived late from lunch, he assumed that you had simply taken too m
Savatey [412]

Answer:

Your boss is guilty of Fundamental attribution error (C)

Explanation:

Fundamental attribution error is our tendency to explain someones behaviour based on internal factors such as personality while underestimating the effect external factors have such as situational influences.

4 0
2 years ago
Read 2 more answers
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