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Sloan [31]
3 years ago
15

Abercrombie & Fitch is developing a program to get to know its customers. Which of the following is not a reason why A&F

needs to understand consumer buying behavior?A) customer's reactions to marketing strategy can impact the firm's successB) all customers are the same when it comes to buying behaviorC) a firm should create a marketing mix that satisfies customersD) it helps the marketer predict how consumers will respond to marketing strategiesE) the marketing concept stresses that a firm should know its customers
Business
1 answer:
svp [43]3 years ago
3 0

Answer:

Letter B. <u>All customers are the same when it comes to buying behavior.</u>

Explanation:

All alternatives, <u>except the letter B</u>, are relevant to understanding consumer buying behavior.

As Abercrombie Fitch wants to know its target audience, alternative B is not an option as it is an incorrect statement. For consumer buying behavior is influenced by their values, preferences and decisions, which varies with each individual. There are four types of consumer behavior:

  1. Complex buying behavior: Involving buying decisions for an expensive product, consumers seek through the experience of other consumers and research elements that will aid in reliability when making a high investment.
  2. Dissonance Reduction Purchasing Behavior: Occurs when consumers have difficulty determining which differences and which brand will bring them the most benefit.
  3. Habitual Purchasing Behavior: Consumers have little involvement in the buying process, as this behavior is based on routine purchases.
  4. Variety Search Behavior: Consumers buy a different product because they search for variety and not because they are not satisfied with a previously purchased product.

Therefore it is important for the company to know that there are several behaviors that influence a purchase, and that varies according to each individual's needs and preferences. It is important to conduct market segmentation research to recognize your target audience and buying motivations, and then align the marketing mix to achieve positive results.

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true or false? because trade raises the amount that an economy can produce by letting firms and workers play to their comparativ
Murrr4er [49]

False. As trade will also cause the average level of wages in an economy to rise and not fall.

<h3>The relationship between free trade and wages</h3>

Free trade results in an increase in all factor incomes, including wages, interest rates, profits, and rents, which raises GDP and makes more money available for company investment, which boosts global trade.

Trade will increase the average pay level in an economy because it increases the amount that an economy can produce by allowing businesses and workers to take use of their comparative advantages.

Therefore, employers will value employees who can create more, which will cause the demand for their labor to move to the right and raise earnings in the labor market. Contrarily, trade restrictions will cause an economy's average pay level to decline.

Learn more about trade from;

brainly.com/question/5719305

#SPJ1

4 0
2 years ago
Read 2 more answers
After learning more about implied warranties and disclaimers, would you ever buy an item sold "as is"? Imagine a car salesman wh
atroni [7]

Answer:

one should go to buy a car for $8000

Explanation:

given data

car = $8,000

price down = $6,500

solution

As here Implied Warranty is the sale contract environment oral or written that provides some assurance that the products sold are suitable for trade and purpose. It arises from the operation of the law.

  • Disclaimer is a statement that order are used to prevent the creation of a warranty or contract.
  • After learning about the implied warranty and disclaimer, I was not going through the items sold.
  • For someone who does not offer special consumer protection, they should go to buy a car for $8000.
7 0
3 years ago
One column of numbers consists of 28, 42, and 14. When the digits of the
san4es73 [151]

Answer:

the correct answer is D

D. If the end result from the second column is not 3, then the sum of the

numbers in the first column equal to the sum of the numbers in the

second column.

Explanation:

since e are given the first column operation of the numbers. The operational process is repeated on the  number of the second column we can then conclude by choosing option <em>D if the end result from the second column is not 3, then the sum of the numbers in the first column is equal to the sum of the numbers in the </em>

<em>second column.</em>

3 0
3 years ago
A lottery winner can take $6 million now or be paid $600,000 at the end of each of the next 16 years. The winner calculates the
Semmy [17]

Answer:

Yes, her decision was correct because of Net present value rule.

Explanation:

the net present value (NPV) applies to a series of cash flows occurring at different times.

The present value of a cash flow depends on the interval of time between now and the cash flow. It also depends on the discount rate. NPV accounts for the time value of money. It provides a method for evaluating and comparing capital projects or financial products with cash flows spread over time, as in loans, investments, payouts from insurance contracts plus many other applications.

Time value of money dictates that time affects the value of cash flows.

5 0
3 years ago
Read 2 more answers
Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making
netineya [11]
First calculate the amount financed
Amount financed=725−50=675

The formula is
I=(2yc)/(m (n+1))
Solve for c to get
C=(I×m×(n+1))/2y
C=(0.14×675×(24+1))÷(2×12)=98.44

Total of payments=675+98.44=773.44

Monthly payment is
773.44÷24=32.23

Hope it helps!

7 0
3 years ago
Read 2 more answers
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