What dose persuasive mean?

Suppose you have a monthly entertainment budget that you use to rent movies and purchase CDs. You currently use your income to r

tino4ka555 [31]

Answer:

B. not maximizing utility because the marginal utility per dollar spent on movies is not equal to the marginal utility per dollar spent on CDs

Explanation:

Consumer is at utility maximising equilibrium in case of two goods consumption, when Marginal Utility per unit of dollar spent on each good is equal , i.e :

MU (G1) / P (G1) = MU (G2) / P (G2) , where ;

MU (G1) = Marginal Utility of Good 1 , MU (G2) = Marginal Utility of Good2 , P (G1) = Price of Good 1 , P (G2) = Price of Good 2

If Marginal Utility per unit of dollar spent on any good is higher than other , it is beneficial (utility maximising) for consumer to increase consumption of good having higher MU/P .

Given: MU (Movie) = 50, P (Movie) = 5 , MU (CD) = 96, P (CD) = 10. MU (Mov) / P (Mov) i.e 50/5 = 10 > MU(CD) / P(CD) i.e 96 / 10 = 9.6

Since consumer's MU per unit of dollar spent is not equal for both goods , consumer is not at utility maximising equilibrium.

6 0

3 years ago

Rivalry among existing competitors is ________ when competition is fierce in a market and ________ when competitors are more com

anygoal [31]

Answer:

Rivalry among existing competitors is high when competition is fierce in a market and low when competitors are more complacent.

Explanation:

The market in this case is a general place or area where the business of trade can be conducted. The trade is usually for commercial purposes. In a market where there are many parties involved particular in the sale of the same goods or services, competition is likely to develop. Competition in the context of marketing is the activity of a company or business trying to gain an upper hand over the other party. Competition is always over the same products and services or over similar target audience. The main aims of competition in business is to achieve more sales or to gain a larger share of the market over the competition. Business competition is important due to various factors; improves service delivery, makes the business better, improves employee efficiency and also boosts innovation.

An existing competition in a market can be defined as either high or low depending on the level of aggression by the competitors in that market. A fierce market is one where the competitors are very aggressive, this means that the rivalry among existing competitors is high. On the other hand, when the competitors are complacent, the rivalry in the market is low

5 0

3 years ago

In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining

AnnyKZ [126]

In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining the <u> Vendors' invoices.</u>

Perpetual inventoryis a non-stop accounting practice that facts stock modifications in real-time, without the want for bodily stock, so the ebook stock accurately shows the actual inventory.

The maximum common perpetual inventory machine example is the use of wireless barcode scanners in a grocery keep. It information all scanned transactions at the device straight away as they occur. This way, firms can without difficulty compute the present day and required stockpile.

Perpetual inventory continuously tracks and records gadgets as they may be introduced to or subtracted from the stock. And it keeps tune of the fee of goods purchased and bought. physical stock makes use of a periodic agenda to manually matter and report items and hold song of the cost of what is offered and bought.

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8 0

2 years ago

the catalog you receive from a large apparel store, displaying its new summer collection, is an example of marketing.

Lunna [17]

The catalog you receive from a large apparel store, displaying their new summer collection, is an example of <u>direct</u> marketing. Thus, option B is correct.

<h3>What is direct marketing?</h3>

Marketing is the business promotion of goods and services to earn profits and sales. Marketing can be of various types, including direct marketing, partner, interactive, virtual, word-of-mouth, etc.

Direct marketing is the tactic where the company directly contacts the consumer or the customer to promote their products and goods. It does not use social media or other platforms.

Therefore, option B. <u>direct marketing</u> is the correct blank.

Learn more about direct marketing, here:

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Your question is incomplete, but most probably your full question was, The catalog you receive from a large apparel store, displaying their new summer collection, is an example of ________ marketing.

A) buzz

B) direct

C) virtual

D) word-of-mouth

E) interactive

6 0

2 years ago

diamong [38]

Answer: please refer to the explanation section for journals and notes

Explanation:

1 April

DR Inventory 23000

CR Trade Payable 23000

inventory is purchased on Free on Board Shipping terms, risks and Ownership of inventory transfers to Kerber Co the moment Wilkes company ships the inventory. inventory must be recognised

6 April

DR Freight costs 900

CR Bank 900

DR Inventory 900

CR Freight costs 900

Kerber Co Paid Freight costs of $900. There are two events happening in this transaction being the payment of freight costs and the capitalisation of freight costs. Freight costs are capitalised (included in the value of inventory) as they are costs necessary to get the inventory in to the premises of the customer (Kerber Co).

7 April

DR Equipment 26000

CR Creditor/Liability 26000

Kerber Co purchase inventory on credit. equipment is debited because Equipment is an asset and liability is credited.

8 April

DR Trade Payable 3000

CR inventory 3000

Damaged inventory returned will decrease inventory balance and also decrease the amount owed to the creditor (Wilkes Company) . Trade Payable account is Debited and inventory account is credited to record the decrease in inventory and amount payable

15 April

DR Trade Payable 20000

CR Bank 20000

23000 - 3000 = 20 000

recording payment made to the Creditor for inventory purchased or settlement of the trade payable account

5 0

3 years ago