Answer:
The correct answer is option d.
Explanation:
In a perfectly competitive market, it is assumed that the buyers and sellers have perfect information and take their economic decisions accordingly. But in reality, buyers and sellers do not have perfect information.
Information comes at a cost, which can sometimes be high. The rational decisions of the consumers without full information can lead to irrational outcomes.
If the cost of gathering information is less than or equal to the benefit earned from the information, the consumers will gather information and make fully informed decisions.
But if the cost is higher than the benefits, the consumers will not gather information and make a less informed decision.
The budget is $4,240.
There are 164 kittens and 24 puppies.
Let
x = amount spent on each kitten
y = amount spent on each puppy.
The cost for each puppy is twice a much as that for a kitten. Therefore
y = 2x (1)
The available amount is $4,240, therefore
164x + 24y = 4240 (2)
Substitute (1) into (2).
164x + 24(2x) = 4240
212x = 4240
x = $20
y = 2x = $40
Answer: $40 for each puppy.
The step in which a salesperson meets the customer for the first time is the <u>approach step</u> of the creative selling process.
<h3>Who is a saleperson?</h3>
A salesperson can be defined as the person whose sole reponsibilities is to market and sell a company product to potentials customers or buyers.
When a sales person meet a customer for the first time, the sales person need to first approach the customers before marketing a product to the customer.
Therefore the step in which a salesperson meets the customer for the first time is the <u>approach step.</u>
Learn more about salesperson here:brainly.com/question/25586322
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Answer: Test marketing
Explanation:
The test marketing is one of the concept that helps in explaining the various type of marketing and the business field concepts as it providing the various types of opportunities for testing the goods.
The man aim of the test marketing is that it evaluating the overall sales performance of an specific organization.
According to the given question, the McDonald's is start promoting and also offer the various types of products and examining the success this is known as the test marketing evaluation process.
Therefore, Test marketing is the correct answer.
