Answer:
1. Purchasing a new home entertainment system would be considered by most consumers as a decision with high buyer involvement. When someone is concerned with the outcome of the process, they will spend more time learning about product options and become more emotionally connected to the process and the decision. For example, they might seek out product reviews in Consumer Reports and online sources to discover information that will assist in the choice decision. A high level of involvement usually means the entire process takes longer.
2. Buying gas for your car would be considered by most consumers as a decision with low buyer involvement. Decisions are often made almost automatically, often out of habit, with little involvement in the purchase decision.
Explanation:
Answer:
D
Explanation:
In the above scenario, Diane's decision to gather preference information for the product features is an example of her Determining Research Objectives. Thus option D is the right option.
Cheers
Answer:
Answer is option C, i.e. An increase in interest rates.
Explanation:
The SRAS curve is the graphical representation showing the relation between the production and price of a commodity in the aggregated market scenario.
The curve would shift to the left in the following situations:
- When there is a decrease in productivity.
- When there is an increase in the nominal wages of the labor.
- When there is an increase in the price of the commodities or raw materials that are used for production.
The interest rate change does not affect the shift of the SRAS curve, and therefore, the answer is option C.
Answer:
Determine how much cash was paid on accounts payable during October.
321500
Determine the amount of sales on account that occurred in October
102610
Determine how much cash the company had at the close of business on September 30
26250
Explanation:
Account Payable
sep-30 166000 +
Purchases 295000 +
Paid x= 321500 -
oct-31 139500 -
Accoun Receivable
sep-30 109500 +
Collected 109890 -
credit sales x= 102610 +
oct-31 103000 +
Cash
sep-30 x= 26250 +
Cash receipts 116500 -
Cas disbursment 117150 +
oct-31 25600 +
Answer:
Explanation:
Demand can be defined as the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.
A demand schedule is a tabular representation of the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.
Below is an attachment showing the tabular representation and the solution to requirement A
In the first Attachment all that was done was to use the values from the question to get our requirements Total revenue was gotten by (Price * Quantity)
Marginal Revenue was gotten by finding the Change in Total Revenue divided by Change in Quantity
So also a tabular representation of B
All that is required to plot the graph is to match the values gotten to the Y axis which represents revenue and X axis which represents quantity and connect the lines together.