It is a study of the actions of the consumers that drive them to buy and use certain products. The study of consumer buying behavior is most important for marketers as they can understand the expectation of the consumers. It helps to understand what makes a consumer buy a product.
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What is consumer behavior in marketing?</h3>
Consumer behavior is the study of how people are making purchase decisions to satisfy their needs, wants, or desires, and how their emotional, mental, and behavioral responses influence the buying decision.
Consumer behavior assists firms in determining whether what they are selling will be lucrative, as well as in tailoring their marketing plan to the appropriate target population for their product/service.
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Answer:
A) create greater efficiency in making goods available to target markets
Explanation:
While producers usually focus on getting raw materials at efficient cost and optimize the production process in a bid to stay profitable, intermediaries such as wholesalers and distributors are usually engaged to ensure that the products are properly distributed and available in the target market of consumers.
Intermediaries usually bring the goods from the producer to the consumer through the intermediaries distribution networks.
Answer:
C) quantity supplied of those machines will go up.
Explanation:
the options are missing:
A
) quantity demanded for those machines will increase.
B) demand for those machines will shift right.
C) quantity supplied of those machines will go up.
D) quantity supplied of those machines will decrease.
If production costs decrease, the supply curve will shift to the right, increasing the total quantity supplied while decreasing the sales price. Advances in technology increase productivity, which allows companies to supply a higher amount of goods at lower prices, which in turn increases the total quantity demanded for these goods.
C. Taking a dual enrolment class
Answer:
cash flow = - $780000
Explanation:
given data
2017 debt = $2.6 million
2018 debt = $3.75 million
interest expense = $370,000
to find out
What was the firm's cash flow to creditors
solution
first we get net new debt that is express as
Net new deb = 2018 debt - 2017 debt .....................1
Net new debt = $3.75 million - $2.6 million
Net new debt = $1.15 million
so
cash flow to creditors will be here as
cash flow = Interest expense - Net new debt .............2
cash flow = $370,000 - $1.15 million
cash flow = - $780000
