<span>Products that the consumer does not know about or knows about but does not initially want are referred to as
unsought product. they only buy this product out of danger or it is required. the common unsought products are fire extinguisher and funeral services</span>
What’s your cover letter about
Decision Criteria are defined as prerequisites, guiding concepts, and standards applied by companies for selecting their candidates who is the best fit for their company.
<h3><u>What are decision criteria?</u></h3>
Principles, requirements, or standards are referred to as decision criteria. This may include particular requirements and rating schemes like a decision matrix. As an alternative, a decision criterion could be a flexible guideline.
<h3><u>
What are the types of decision criteria?</u></h3>
Generally speaking, there are three basic sorts of decision criteria:
- Technological - Does your solution fit the criteria in terms of its technical viability for the given requirements?
- Economic - Concerns relating to the financial, risk, and efficiency viability of your solution.
- Relationship: To what extent do the goals and ideals of the two organizations coincide?
You can learn more about decision criteria using the following link:
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The equilibrium level of consumption is $28500.
The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.
If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.
Given this condition, we can conclude in economics that consumption is at its level of equilibrium.
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