All categories

1 year ago

If a buyer has an almost unlimited selection of products that are very difficult to differentiate between, this represents.

1 answer:

3 0

Consumer choice occurs when a buyer has an almost unlimited selection of products that are very difficult to differentiate between.

<h3 /><h3>What is Consumer Choice</h3>

Consumer choice refers to the aspect of microeconomics that deals with the decisions consumers make with regard to products and services.

This involves how consumers decide which products to purchase or consume over time.

<h3>Factors affecting Consumer Choice</h3>

Psychological Factors
Social Factors.
Cultural factors
Personal Factors
Economic Factors

Learn more about Consumer Behavior at https://brainly.in/question/1232898

You might be interested in

PLEASE ANSWER THIS QUESTION ASAP

zaharov [31]

Answer:

Read each page and do the quizzes. After you have read through the pages of the website, assess what you learned. Write a 600 word summary in your own words that identifies the main points you learned. Your summary should include at least one question and answer from each quiz. Explain your answers. Use a publishing program to create a safety poster to make workers aware of safety hazards. I do not agree with the link assessmne,t but I would be a stafe 3 on the MyersBriggs scale because odf above

.Explanation:

Yes it fits ultimately.

3 0

2 years ago

In a partnership, loans taken out by the general partners

Romashka-Z-Leto [24]

Answer:

aren't binding on the limited partners.

Explanation:

A partnership is a form of business ownership where two or more individuals come together to establish a business venture. A partnership may consist of generals and limited partners.

General partners are actively involved in business operations. They manage the day to day activities of the business. Generals partners act on behalf of the business and have unlimited liabilities to the debt of the enterprise.

Limited partners are silent partners. They do not participate in managing the business. A limited partner, as the name suggests, has limited liability to the obligations of the business. Should a general partner take out a loan, a limited partner will be liable to the extent of his or her capital contribution.

4 0

3 years ago

Why might a company try to deceptive with its labeling information?

irina [24]

Answer:

a company May believe you might buy the product if you didn't know the negative things about it

Explanation:

would would you buy hot dogs if you knew how they were made?

5 0

2 years ago

If a series of events results in a decrease in investments in the US businesses, what is the result on the US economy?

emmasim [6.3K]

if a series of events result in a decrease in investment in us business, the one that would be the result on the U.S economy is :

contraction Contraction is a condition in which our economy becoming smaller as a whole. When there a decrease in investment, people wouldn't have enough capital to open and maintain their business, which will lead to unemployment

8 0

2 years ago

Use the following information to answer question. Madelyn owns a small pottery factory. She can make 1,000 pieces of pottery per

PtichkaEL [24]

Answer:

$30,000

Explanation:

According to the scenario, computation of the given data are as follows,

Total number of pieces per year = 1,000

Selling price per piece = $100 per piece

So, Total revenue = $100 × 1,000 = $100,000

Raw material = $20,000

Investment = $100,000

So, interest on investment = 10% × $100,000 = $10,000

Opportunity cost = $40,000

So, we can calculate the economic profit by using following formula,

Economic profit = Total revenue - Raw material - interest on investment - Opportunity cost

By putting the value, we get

Economic profit = $100,000 - $20,000 - $10,000 - $40,000

= $30,000

3 0

2 years ago