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3 years ago

explain the social and psychological factors that influence the buying patterns of customers in business

Business

1 answer:

Hatshy [7]3 years ago

5 0

Answer:

There are four psychological factors that influence consumer behaviour: Motivation, perception, learning, and attitude or belief system. Motivation speaks to the internal needs of the consumer.

Explanation:

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The ease with which the customer can place and receive their order as well as other aspects of value that the sales staff provid

Anna71 [15]

Answer:

customer experience.

Explanation:

The ease with which the customer can place and receive their order as well as other aspects of value that the sales staff provides is customer experience.

Customer experience is the total of all experiences a customer has with the business, based on all interactions and thoughts about the business.

Customer experience can also be said to be the result of every interaction a customer has with an organization's business, from navigating the website to talking to customer service and receiving the product/service they bought from the organization.

8 0

3 years ago

The real interest rate is equal to the:_________

ahrayia [7]

Answer:

D. nominal interest rate minus the inflation rate.

Explanation:

The real interest rate has been adjusted for inflation.

If nominal interest rate is 6% and inflation is 2%, then the real interest rate would be 4%.

I hope my answer helps you

4 0

3 years ago

A company incurs advertising costs of $10,000. The company's three selling departments have the following sales: Department 1—$1

erik [133]

Answer:

The amount of advertising allocated to:

Department 1: $1,250

Department 2: $3,750

Department 3: $5,000

Explanation:

Total sales of the company = Sales of Department 1 + Sales of Department 2 + Sales of Department 3 = $10,000 + $30,000 + $40,000 = $80,000

Percent of sales of three selling departments:

Department 1 = ($10,000/$80,000)x100% = 12.5%

Department 2 = ($30,000/$80,000)x100% = 37.5%

Department 3 = ($40,000/$80,000)x100% = 50%

Advertising is allocated based on percent of sales. The amount of advertising allocated to:

Department 1 = 12.5% x $10,000 = $1,250

Department 2 = 37.5% x $10,000 = $3,750

Department 3 = 50% x $10,000 = $5,000

5 0

3 years ago

1. Suppose two types of firms wish to borrow in the bond market. Firms of type A are in good financial health and are relatively

Olin [163]

Answer:

Type A is 7%, type b is 11%

Explanation:

We have these two firm's as type a and type b

For type A

Interest would be = risk Free rate of 2% + risk free rate of 5% = 7%

For type B

= Risk free rate of 5% + risk free rate of 6% = 11%

I would use the average of this two 9% as interest but this is not going to work for type A because this interest rate is too high. People won't want to pay this much.

8 0

3 years ago

Which of the following is NOT an advantage of e-tailing over traditional brick-and-mortar retailing? A. The ability to offer a

Julli [10]

Answer:

D). Customers find it more comfortable to shop and easier to return unwanted items.

Explanation:

Electronic retailing or e-tailing offers the sale and purchase of goods and services online/internet while traditional mortar retailing proposed the goods and services to the customers through a street-side market and face-to-face medium. There are numerous advantages of the upheaval of online retailing like it offers convenient, and quick access to the stores at any time from any place of the world having internet. It saves the traveling time of the consumers and also reduces the infrastructural costs and develops competitiveness. Thus, as per the question, the option that does not display an advantage of e-tailing is option D as a return in brick-and-mortar was more convenient than e-tailing.

6 0

3 years ago