1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
icang [17]
3 years ago
15

__________aggregate customers' opinions related to products or services that they have purchased and then suggest them to others

with the same interest.
Business
1 answer:
Rudik [331]3 years ago
6 0

Answer:

Recommendation websites

Explanation:

Recommendation websites aggregate customers' opinions related to products or services that they have purchased and then suggest them to others with the same interest.

These websites make use of customer data based on what they have purchased in the past (product or service) to present to them new/similar products.

You might be interested in
Workers and firms both expect that prices will be​ 2.5% higher next year than they are this year. As a​ result, A. the purchasin
Mice21 [21]

Answer: The correct answer is option (B); Aggregate demand will increase by 2.5%

Explanation: The reason is due to what economists term as “Consumer behavior.” A consumer would normally be willing to purchase more of a commodity if the price becomes lower, and conversely he/she would be willing to purchase less if the price becomes higher (law of demand).

However, there is also what economists term “abnormal demand,” which is an opposite to the law of demand and in this case, consumers will be wiling to pay more for a commodity or service as the price begins to go up.

There are a number of factors responsible for an abnormal demand in the market and these include;

(1) Giffen goods: inferior goods such that as the price reduces, consumers buy less of such goods and shift their attention to a better quality commodity.

(2) Luxury goods: such goods that have some status symbol or prestige attached to them would have a higher demand even if the price goes up.

(3) Price illusions: Where consumers are under the impression that a higher price indicates better/higher quality, they would be willing to increase their demand even if the price goes up.

(4) Anticipation of price increase: When consumers sense there would be a future increase in price, they would increase their demand now to cushion the impact on their income when the increase eventually occurs.

Upon close observation the scenario described above is exactly what we have in point number 4. The workers and firms have information that prices would go up next year, which means their purchasing power would have reduced by then. The tendency therefore is for consumers to purchase now, hoping that when the price increment is effected, they would not be concerned about spending more to buy what they had bought for less earlier.

6 0
3 years ago
Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%. A person can work u
andriy [413]

Answer:

A. Please see attachment .

B.Please see attachment . B) Benefits will end under these conditions when earned income is $9,000/.75 = $12,000, just as shown in a. The difference is that the all-leisure income is higher, but the slope of the line segment from 500 hours of leisure to 2,000 hours of leisure is flatter.

C. (C) A higher income guarantee with a higher reduction rate is more likely to discourage work for two reasons

Explanation:

(C) A higher income guarantee with a higher reduction rate is more likely to discourage work for two reasons.  First, not working at all yields a higher income.  Second, a person who works less than 1,500 hours will be allowed to keep much less of his or her earned income when the effective tax rate is 75%. With a 75% benefit reduction rate, the effective hourly wage is only $2 per hour (25% of $8).

8 0
3 years ago
With critical internal metrics collected as part of the market information system, management is able to do two things. First, m
Goryan [66]

Answer: True

Explanation:

Internal data simply had to do with the information that is generated and gotten from the company or organization.

We should note that critical internal metrics is collected as part of the market information system as it helps in addressing certain issues with regards to the business before they become a problem.

Having the right information is vital for the decision makers in an organization to make decisions. A vital aspect of the marketing management is the creation of a procedure which collects relevant information and then analyses them.

Based on the above explanation, the statement above is true.

3 0
2 years ago
Bill and Kay are a married couple with $13,000 in total deductions. In 2019 are they better off...
balu736 [363]

Answer:

A. Taking the standard deduction.

Explanation:

3 0
3 years ago
1. You and your best friend are brilliant entrepreneurs who are considering opening your own business tutoring struggling colleg
Anuta_ua [19.1K]

Answer:

a. Accounting profit for the business = $3,500

b. Economic loss = $1,000

c. The two friends can open the business and incur economic loss of $1,000 in the first year of operation.  In subsequent years, the revenue may increase to generate better economic profit.  This is the labor, risk, and reward of entrepreneurship.

d. If the two friends do not go ahead with the business because of the economic loss they suffer in the first year of operation, then they cannot be regarded as entrepreneurs.  They are merely laborers who cannot assume any risk for greater rewards tomorrow.

Explanation:

Cost of business per month:

Operating expenses = $4,000

Lease of building =        2,000

Total expenses =        $6,000

Revenue =                 $10,000

Accounting profit       $4,000

Economic profit:

Revenue =               $10,000

Total expenses =     $6,000

Opportunity costs:

Lost salaries              4,500

Lost Interest                500

Total costs             $11,000

Economic loss =     $1,000

4 0
3 years ago
Other questions:
  • Suppose a period of continuous political instability leads to people to believe that the economy will slide into a deep recessio
    8·1 answer
  • Based on the interdependence of the four types of salesperson goals, what should a salesperson's sales call goals be based on?
    5·1 answer
  • After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Si
    7·1 answer
  • Lakeland Company is considering the purchase of equipment for $150,000. The equipment will expand the Company's production and i
    6·1 answer
  • Gloria, the controller of luna pizza, is purchasing several new delivery vehicles. gloria has numerous work responsibilities, so
    6·1 answer
  • Which variable is the dependent variable--the variable that responded to or depended on the treatment, and was measured by the r
    7·1 answer
  • Fabri Corporation is considering eliminating a department that has an annual contribution margin of $27,000 and $73,000 in annua
    7·1 answer
  • Following are account balances (in millions of dollars) from a recent State annual report, followed by several typical transacti
    6·1 answer
  • Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Meli
    11·1 answer
  • If you are unhappy about the current transportation system, which of the following politicians will you vote for?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!