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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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Economists believe there is no direct relationship between inflation and employment
svetlana [45]
The answer for this statement would definitely be FALSE as Economists truly believe that there is a direct relation between inflation and employment. Whenever the prices increased, this also calls for increased employment rates. Though on the other hand, there is a trade-off between unemployment and inflation but not employment.
8 0
3 years ago
A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. The contribution margin ratio is
Veronika [31]

Answer:64%

Explanation: (125,000-45,000) /125,000= 64%

8 0
1 year ago
Suppose the U.S. economy slips into a recession. In response, the Federal Reserve cuts the federal funds rate in order to avoid
Verizon [17]

Answer: All Variables will remain unchanged

Explanation:

Monetary Policy has no effect on a country's domestic currency because it is simply ineffective when it is in a fixed exchange rate regime. This is because, when monetary policy is used, it tends to change the exchange rate but because the Fed will be engaging in a fixed exchange regime, it will act to normalise the exchange rate which will bring the currency back to equilibrium.

For instance, if the Fed embarks on expansionary monetary policy and pegs its currency to the Euro. The expansionary policy will lead to a drop in interest rates which is supposed to help GDP. However as a result of lower rates, the dollar will depreciate and more people will demand Euros. The Fed will intervene to keep the Euro and the Dollar at the same level (fixed exchange) and sell Euros in its reserves while reducing dollars. This will bring the interest rate and currencies back to its original level so there will be no benefit.

Monetary policy is ineffective under a Fixed Rate regime so one of the variables will change.

3 0
3 years ago
What criteria must be evident in order for a conflict to occur between individuals?
ArbitrLikvidat [17]
In order for a conflict to occur you only need C.
6 0
3 years ago
Company had net income of $265,307. Depreciation expense is $27,888. During the year, Accounts Receivable and Inventory increase
Dafna1 [17]

option D is the correct answer - $254094

<u>Explanation:</u>

<u>As per the given data in the question, the following is used to calculate the net cash from the operating activities. </u>

<u>Net Income = 265307 </u>

Add : Depreciation = 27888

Less Increase in Account receivable = (17637)

Less Increase in Closing stock = ($28123)

Add : Prepaid Expenses ( Decrease) = 2852

Less: Decrease in Accounts payable = (4066)

Add: Loss on sale of Asset ( not Operating in nature) = 7873

Therefore, the Net cash from operating activities = $254094

3 0
3 years ago
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