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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

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Jamie ensures that his subordinates are closely guided and instructed throughout a project. He believes that this makes him a hi

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The blind area REASON: Jamie is unaware that his behavior is viewed as controlling to others.

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B) Assume you are a brand manager of a clothing brand that offers formal clothing for

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Answer:

Fashion industry is very dynamic. The reason for low sales is due to change is customer preference for certain type of clothing.

Explanation:

As a brand manager, we need to understand markets trends and then analyse sales. The main reason for constant low sales is mainly due to change in fashion sense of customer. There can be some seasonal effect which cause decline in sales. Normally gents wear t.shirts and formal shirts because they are office going people. They will require formal suiting which will make them feel gentlemen and decent clothing. They will require consistent quality products and if there is any issue with the cloth stuff, they will move to another brand.

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2 years ago

The costs and revenues associated with two alternatives are listed below:

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Answer:

The correct option is A,alternative 2 because it has a higher profit

Explanation:

The profit analysis of both alternatives is done below:

Alternative 1 Alternative 2

Projected revenue $100,000 $125,000

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unit level costs $20,000 $30,000

Batch-level costs $20,000 $25,000

Product-level costs $15,000 $15,000

facility-level costs $10,000 $10,000

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The correct answer is option A,as option 2 has a higher profit of $45,000 compared to alternative 1 of $35,000

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2 years ago

Eddie Falco went to a grocery store to buy his favorite brand of ice cream. However, the store was temporarily out of that brand

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Answer:

limited problem solving

Explanation:

Limited problem solving -

It refers to the process of buying certain goods and services , when the person have only limited knowledge about the product , is referred to as limited problem solving .

People having lack of knowledge may even end up buying the wrong product .

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2 years ago

A production possibilities frontier with a bowed-outward shape indicates a. increasing opportunity costs as more and more of one

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Answer:

a. increasing opportunity costs as more and more of one good is produced

Explanation:

A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.

The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.

If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.

The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.

I hope my answer helps you

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