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vampirchik [111]
2 years ago
10

Marketing firms strive to ensure that people are aware of their products because people assume that if they have heard about cer

tain products, the products will work well. Which of the following biases are the marketing firms trying to take advantage of?
Business
1 answer:
madam [21]2 years ago
6 0

Answer:

Exposure Bias

Explanation:

Basically, exposure bias states that consumer are more likely to buy brands which have higher brand recognition than new companies with no name recognition.

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If you were to invest $120 for two years, while earning 8% simple interest, what is the total amount of interest that you will e
Dafna1 [17]
19.2
P=$120
I=8%
T=2yr
6 0
3 years ago
Suppose Amazon.com has offered you free shipping on your next purchase of more than $35. This offer is an example of ________.
Lunna [17]

Answer: Option A

                                               

Explanation: Sales promotion is the method of convincing a prospective consumer to buy the commodity. Sales promotion is intended to be used as a brief-term tool to boost sales – it is seldom appropriate as a way to develop long-term customer retention.

Giving discount, rebates and other such special offers are some of the many examples of sales promotion. In simple words,it is done to boost the sales for the current period.

In the given case, Amazon is also offering money saving offers to attract customers. Hence we can conclude that this is an example of sales promotion.

4 0
3 years ago
Tommy Richards is paid $20.50 an hour for a regular 40-hour week. He earns time and a half if he works overtime. This week Richa
RoseWind [281]

Answer:

$1,094.50

Explanation:

Regular pay is $20.50

Over time pay is $20.50 x 1.5 = $30.75

Tommy earned as follows.

Regular hours : 40 x $20.50 = $820

Overtime hours: 9 x $30.75 =$274.50

Total amount earned

= $820 + $274.50

=$1,094.50

7 0
3 years ago
Item 16Item 16 Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 1
padilas [110]

Answer:

increase his consumption of product Y and decrease his consumption of product X

Explanation:

Base on the scenario been described in the question, Oscar make purchase of a X product which he already has, which after consuming has a 10 utils costing him $5, he also purchase another product Y he which after consuming has 8 until costing, this suggest that Oscar reduce his consumption on X and increase his consumption on Y according to the equal marginal principle.

The equal marginal principle talks about the behavior of a consumer in sharing his available income within various goods and services. This law states that how a consumer distributes his money income within various goods to be able obtain maximum satisfaction.

5 0
3 years ago
$500 at an interest rate of 8% for 2 years with an additional deposit of $500 each year
artcher [175]

Answer:

either$80. or 500 of 2yrs add to $80

4 0
3 years ago
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