According to the consumer behavior model, what are the major categories of influence on the purchase decision process

"when the economist says that material wants are insatiable, he means that:"

Ede4ka [16]

When the economist says that material wants are insatiable, he means that these wants are virtually unlimited and therefore incapable of complete satisfaction. Insatiable means that they are impossibly to satisfy. In the economic world it is best to make use of the limited resources to help satisfy virtually unlimited wants.

4 0

3 years ago

On April 30, 2017, Cupidity Corp. purchased for cash all 200 shares of the outstanding common stock of Venality Corp. for $40 pe

just olya [345]

Answer:

$1,350

Explanation:

Goodwill is the Excess of Cash Consideration over the Net Assets taken over. Net Assets taken over are measured at their Fair Market Value instead of Book Values at the Acquisition date.

Where,

Cash Consideration = $8,000

Fair Value of Net Assets Acquired ($6,000 + ) = $6,650

Therefore,

Goodwill = $8,000 - $6,650

= $1,350

8 0

2 years ago

We observe that total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units. Which of the follow

iren2701 [21]

Answer:

c. Fixed Cost = $300

Explanation:

Because marginal cost is constant we can find the variable cost per unit and then subtract the total variable cost from the total cost in order to find the fixed cost. The firms total cost increase $300 (from 1500 to 1800) when output increases by 10 units (from 40 to 50), so the variable cost per unit is 300/10=30.

Now to calculate the total variable cost we will multiply variable cost per unit by the number of units.

50*30= 1500

Now we will subtract 1500 from 1800 in order to find the fixed cost.

1800-1500=300

Fixed cost is $300.

7 0

3 years ago

In manufacturing, excess capacity can be used to A. do fewer setups, lengthen production runs, and drive down inventory costs

Aleksandr-060686 [28]

Answer:

In manufacturing, excess capacity can be used todo more setups, shorten production runs, and drive down inventory costs

Explanation:

Excess capacity refers to a situation where a firm is producing at a lower scale of output than it has been designed for. Context: It exists when marginal cost is less than average cost and it is still possible to decrease average (unit) cost by producing more goods and services

7 0

3 years ago

Match the following terms to the correct definition. The maximum expected output capability of a resource or system. An approach

tamaranim1 [39]

Answer:

The maximum expected output capability of a resource or system. - Is the definition of Design Capacity.

An approach to a firm's acquisition of resources that will either lead, lag, or track the customer demand. - Is the definition of Capacity Expansion Strategy.

A capacity acquisition strategy where expansion takes place before the demand materializes and never falls behind the capacity growing requirements. - Is the definition of Lead the Demand.

The expected output capability of a resource or system after accounting for scheduled down time (like for maintenance).- Is the definition of Effective Capacity.

A capacity acquisition strategy where expansion takes place only after the demand materializes and never exceeds the demand. - Is the definition of Lag the Demand.

5 0

3 years ago