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jasenka [17]
3 years ago
11

Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive

fifty miles and pay $90 for the blanket, or she could order one off the Internet for $168. Because Jane works fifty hours a week, cares for three children, and tries to help her aunt, she opts to buy the blanket on the Internet. This is an example of how ________ influences the consumer decision-making process.
A) a microcultureB) an opinion leader C) a reference group D) time E) learning
Business
1 answer:
tiny-mole [99]3 years ago
8 0

Answer:

option D) TIME!

This is an example of how time influences the consumer decision-making process.

Explanation:

<em>Base on the gathered information, the identification of their needs and evaluation of the alternatives Jane make their buying decision base on time. </em>He is doing another work already so moving there may interfere with their working or resting hours, along with the obligation to look for someone to look for the children while traveling.

<em>The problem here is their aunt needs</em> to put over her legs while watching television and their lack of time to make the travel, <em>not money.</em>

The customer evaluated the differential cost 168 - 90 = $78

To be lest worthy than their time lost in driving fifty miles, and take the risk of a problem in the way, for $78 dollars is gaining time and move the risk of the travel to the seller or the third party in charge of the cashmere blanket distribution.

If we need to do the 5 step analysis for consumer decision-making process it would be like this:

<u>Stage 1: Problem or need</u> --> Aunt wants to improve their lifestyle

<u>Stage 2: Information</u> --> travel to get the chair will require to look for someone to care of the children, time lost on driving, resting hours lost

<u>Stage 3: Alternatives</u> --> purchase on the internet at an additional fee of $78

<u>Stage 4:</u> Purchasing decisions. I take the internet option

<u>Stage 5:</u> The post-purchase evaluation. I save time and the trouble of going there, probably I will purchase on the internet again.

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Cynthia​ Knott's oyster bar buys fresh Louisiana oysters for ​$3 per pound and sells them for ​$8 per pound. Any oysters not sol
iragen [17]

Answer:

111 pounds

Explanation:

The number of pounds Cynthia should order each day can be calculated as follows

Calculation

Standard deviation = 20

Mean = 100

Cost of actual utilization = 8-3 = 5

Cost of Under utilization = 4-2 = 2

Probability of sale = Co/(Cu+Co)

Probability of sale = 5/(5+2)

Probability of sale =0.714

Z score at above probability = z = 0.57

hence cynthia should order= mean+z*standard deviation

Order = 100+0.57*20

Order = 111.4 or 111 pounds

3 0
3 years ago
What is a regular savings account traditionally called?
Sphinxa [80]
A savings account is a savings account
4 0
3 years ago
4. You are considering adding a microbrewery onto one of your firm's existing restaurants. This will entail an increase in inven
IrinaK [193]

Answer:

$6400

Explanation:

Working capital is the net of current asset and current liabilities. it is a financial measure that gives insight into how liquid a company is considering that it shows whether or not the current assets can be used to settle the current obligations or liabilities of the company adequately.

The change in property, plant, and equipment of $48,000 is not an element of working capital, Hence change in working capital

= $8700 - $2300

= $6400

5 0
3 years ago
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl
Ivanshal [37]

Answer:

    Effect of Transaction on Cash Flows

     Effects                     Amount

1.   Cash Payment         $239,000

2.  Cash Receipt           $252,000 (12000*$21)

3.  Cash Receipt           $91,400

4.  Cash Payment         $491,000

5.  Cash Payment         $86,000

6.  Cash Receipt           $188,100 (190,000*0.99)

7.  Cash Payment         $353,400 (6,200*$57)

8.  Cash Payment         $36,100 [1.90*(23,000-4,000)]

5 0
2 years ago
In this module, we say a "good" money burn means you have spent money wisely. A "bad" money burn means you have spent money you
LekaFEV [45]

Answer:

D. You shop around and buy a pair of the exact same designer jeans at a thrift shop, and they cost virtually nothing.

Explanation:

Good money burn refers to the effective use of money, rather than just spending it on some useless stuff.

Here in the given instance the following is the explanation for the given instance:

Option A states that the jeans is just bought for completing the desire, it does not have any difference in the product even if the product can be bought on sale after some days.

Option B is still better than the first day.

Further in option c buying the jeans without any label might not be a good decision as it might have poor quality.

Option D is the best as it is the same jeans but at the least possible cost.

6 0
2 years ago
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