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Mademuasel [1]
3 years ago
5

Which two statements are characteristics of high-involvement purchases?.

Business
1 answer:
Mandarinka [93]3 years ago
3 0

The statements that depict high-involvement purchases include:

  • The purchase can reflect on one's social image.
  • The purchase can have serious personal consequences.

<h3>What is a high involvement purchase?</h3>

A high involvement purchase simply means when a consumer buys a product that's expensive.

This poses a risk of emotional consequence when a mistake is made. The purchase can also reflect on one's social image and have personal consequences.

Learn more about purchases on:

brainly.com/question/5168855

You might be interested in
The Wood Valley Dairy makes cheese to supply to stores in its area. The dairy can make 454 pounds of cheese per day (355 days pe
timurjin [86]

Answer:

$245,277

Explanation:

The dairy makes 454 pounds per day of which only 62 pounds is sold, thus the extra pounds of cheese per day are (454-62) = 392.

Now, the dairy operated 355 days a year, hence the annual cost of storage is,

(355 * 392) * $1.01 => $140,552.

Now the setup cost is $295 a day, so the annual would be,

(295 * 355) => $104,725.

Hence the minimum total annual costs will be = 140552+104725 = $245,277.

Hope I made myself clear.

Thanks

8 0
3 years ago
Acme expected demand for rocket-powered roller skates to pick up during roadrunner season, so they built hundreds of extra pairs
Svetach [21]

Acme expected demand for rocket-powered roller skates to pick up during roadrunner season, so they built hundreds of extra pairs and stored them out of season. The excess production is buffer stock.

Demand is the amount of goods that consumers are willing to purchase at various prices over a period of time. The relationship between price and quantity demanded is also called the demand curve.

Demand is the number of consumers willing and able to purchase a product at various prices over a period of time. Demand for goods refers to consumers' desire to purchase goods and their willingness and ability to pay for them.

Learn more about demand here:brainly.com/question/1245771

#SPJ4

4 0
2 years ago
Identify two to three factors that affect revenue, expenses, and profit in the business of the Super Bowl:
scoundrel [369]

Answer:

Revenue

  • Ticket Sales - The Super Bowl is one of the most watched sporting events in the world and people pay top dollar to be able to attend it in the stadium. In 2019 the lowest estimate of revenue coming from ticket sales was $65 million.
  • Television Rights - Networks pay to be able to broadcast the Super Bowl as it will bring in a lot of money for them from Ads. Fox, CBS and NBC are said to pay upwards of $2.5 billion every year to broadcast it.
  • Merchandising - Millions are made in revenue from the sales of merchandise leading up to and after the big game.

Expenses

  • Security - With so many people coming to the event, there has to be a provision for both private and public security. This means that Police will have to be paid for overtime and private firms will have to be paid their due.
  • Cleaning - The stadium will have to be cleaned before, during and after the event so cleaning expenses will cost a bit too.
  • Ad Hoc staff - There will be a need for people who will not have a specific job title but will still be needed to run around and embark on errands.

Profits

The profits will depend on how much revenues exceeds costs by so all the above listed factors can affect profit.

5 0
4 years ago
Match each value with its type.
lozanna [386]

<u>Answer: </u>

The following are the values with their correct matches

Pays medical bills - Liability coverage.

Pays damages to your car - Collision coverage.

Pays damages to the other car - Pays 0% damages to the other car.

<u>Explanation: </u>

  • Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
  • The payment done for the repairing of a car damaged due to collision is termed as collision coverage.
  • One would choose to not spend on the repairing of the other car when one car is in good condition.
7 0
3 years ago
Read 2 more answers
Pat and Gerard met each other for the first time in a business meeting. As a conversation starter, they shared factual and stati
noname [10]

Answer:

report talk

Explanation:

The conversation between Pat and Gerard is a classic example of report talk, where the individuals included in the conversation simply state facts about various things, giving little to no emotions into what they talk about.

This conversation ritual is opposed to rapport talk, where emotions and empathy are infused in the conversation.

5 0
3 years ago
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