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Blizzard [7]
2 years ago
5

Reflect on a time when you recently traded or bought an item. Describe this exchange, using the following economic terms: volunt

ary exchange, coincidence of wants, barter, money.
Business
1 answer:
stellarik [79]2 years ago
8 0

A purchase or an exchange can be understood as economic processes that use monetary or non-monetary funds, and that occur to satisfy certain needs of individuals and organizations.

<h3 /><h3>Buyer Decision Process</h3>

It occurs from a decision on the need to carry out an economic transaction of a good or service that lasts before and after the moment of purchase. There are five steps in the consumer decision process, which help in the purchase action, which are:

  1. Problem Recognition
  2. Information Search
  3. Evaluation of Alternatives
  4. Purchase Decision
  5. Post Purchase Behavior

Therefore, there are also other exchange processes, such as coincidence of wants, barter and voluntary exchange, which are processes that take place to benefit both parties in an economic exchange without the use of money.

Find out more information about Buyer Decision Process here:

brainly.com/question/13246163

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Builtrite's upper management has been comparing their books to industry standards and came up with the following question: Why i
Vesna [10]

Answer:

Builtrite has higher than average operating expenses

Explanation:

Subtracting cost of goods sold from net sales will give you gross profit. The reason of high gross profit could be company is able to sell its products at a higher price or it is able to keep its cost of goods sold at a lower level than industry standards.

A higher-than-industry-average gross profit margin increases your chances of generating a net profit provided that you are able to keep your expenses within industry average levels.

Operating profit is the pre-tax profit or in other words it is calculated by subtracting operating expenses from the gross profit. Operating profit margin is equal to operating income divided by the total revenue. A lower operating margin despite of having higher gross profit is because the company is not able to control its operating expenses or in other words they are incurring higher operating expenses as compare to industry.

4 0
3 years ago
Janet wants to calculate the real growth rate for the US between 2010 and 2011. She has the follow information: real GDP in 2010
Zina [86]

Answer:

The answer is 3.3%

Explanation:

Percentage growth rate is

New figure - Old figure /old figure x 100%

Real GDP in 2011 is $15.5 trillion

Real GDP in 2010 is $15 trillion

So we have $15.5 - $15/$15 x 100%

$0.5/$15 x 100%

0.033 x 100%

3.3% is the growth rate between 2011 and 2010.

Alternatively, new figure - old figure - 1

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0.033

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3.3%

8 0
3 years ago
When might a company be criticized for its lack of corporate social responsibility? A. After cutting wages and benefits in order
gayaneshka [121]

A. After cutting wages and benefits in order to increase profit

Explanation:

As a company that exists in an environment, it has a responsibility to socially responsible for its actions that affect its environment including individuals(employees)

The employees are part of the social environment, so cutting their wages and benefits does not make the company socially responsible.

#learnwithbrainly

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3 years ago
According to the video, what do Financial Analysts analyze? Check all that apply.
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