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Paladinen [302]
3 years ago
11

Why is the perception of Stew Leonard’s as a ""fun place"" so important to their business? Discuss the consumer decision making

and involvement differences that may be present at this particular store versus a ""normal"" grocery store such as Kroger. .
Business
1 answer:
bagirrra123 [75]3 years ago
5 0

Answer: it is important because that has been their brand from the very beginning, with a store where parents could go shopping while the young ones got to see the process of the milk being bottled. Their fun place brand lives a memorable impression on customers and they always know what to expect from a stew Leonard store.

Explanation: Stew Leonard's is a dairy and now grocery store that was founded in 1969 by Charles Leo Leonard and it is still a family run store today. Their focus is not only on making money but on family as well. Their customers are their biggest focus and consumers are more likely to go to their stores because of their history of becoming the largest dairy store in the world, from one small store. The customer feels a sense of belonging and is not just another number. They have family events and are even dubbed as being the Disneyland of Dairy Stores because of their costume characters, petting zoos and electronic animals that can be found throughout their stores. They make shopping with them an experience. From the beginning they put family and the customer first. Their employees are also taken care of and every business person knows that happy employees equal happy customers. While normal stores such as Kroger also mind the customer, they have not made shopping with them an experience like Stew Leonard's have. there are 5 things that goes into a consumers decision making: recognizing a problem, searching for information, evaluating other options, buying decision and post-purchase evaluation. At Stew's the modern problem of child minding and safety can lead consumers to go to them because they are family orientated and parents can do their shopping while their kids are being entertained. They also offer good quality products so that combined with having their children taken care of can lead them to shop at Stew Leonard's.

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On January 1, Year 1, Samuel Company leases equipment from Lease Corp. The lease agreement specifies five annual payments of $50
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Answer:

Cash (Dr.) $50,000

Lease Receivable (Cr.) $50,000

Explanation:

Lessor is the person who leases the item to gain financial benefit from the asset user lease. Lessee is a person who uses the assets but does not owns it so he pays lease rentals. In the given scenario the lease recoding at inception in the lessor books will be cash debit and lease receivable credit.

4 0
2 years ago
What is a student for a company ?
Alinara [238K]

Answer:

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8 0
2 years ago
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The following information has been provided by Hale Company: • Advertising expense $8,800; • Interest expense $3,800; • Rent exp
klemol [59]

Answer:

Hale’s total expenses in calculating operating income is $57000

Explanation:

Operating income represents profit realized in carrying out Hale Company primary activities

Only expenses incurred in are considered in calculation of Hale`s Operating Income

<em>Cost of Sales</em>

Cost of goods sold                        22200              

<em>Administration</em>

Rent expenses for store                18000

Depreciation                                    8000

<em>Selling and distribution expenses</em>

Advertising                                       8800

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6 0
3 years ago
Imagine a linear demand curve graphed with Quantity on the x-axis and Price on the y-axis. We know the middle of the curve is th
Murrr4er [49]

Answer:

A. That's the point where total revenue is maximized

Explanation:

Demand Curve is a downward sloping curve representing inverse  relationship between price & quantity demanded.

Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :

Demand curve segment below the point / Demand curve segment above the point.

This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].

If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.

If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.

So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.

3 0
3 years ago
"Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are en
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Answer:

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Units transferred out are 100% complete for both materials and conversion costs, thus multiply the Total Cost per Equivalent units with the number of units transferred.

Cost of units transferred out = $8 × 14,000 units

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(b) in ending work in process

Units of ending work in process are 100% complete in terms of materials ( since materials are entered at the beginning of the process) whilst 25% complete in terms on conversion cost (applied uniformly during production).

Cost of ending work in process

Materials ($3 × 2,000 units)                  = $6,000

Conversion ($3 × (2,000 units × 25%)) =  $1,500

Total Cost                                               = $7,500

6 0
3 years ago
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