In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the units of good or service to consume

Answers

Answer 1

Explanation:

The consumer choice theory corresponds to the variables that lead a consumer to consume a product or service instead of another.

The purchase decision-making process consists of several stages where the consumer identifies a need, searches for available options to satisfy that need and finally, evaluates and chooses the most appropriate purchase option.

This decision is linked to the benefits that the consumer will have with the product in relation to his budget.


Related Questions

Working capital needs of a company are projected by estimating what out-of-pocket expenses will be incurred and when the revenues from sales are to be collected, which is done by ________.

Answers

Answer:

Making a cash budget (cash budgeting)

Explanation:

Remember, amounts to be spent are called expenses and revenues from sales could cover this expenses.

One tool used today by businesses to determine the working capital or amounts needed to run operations is the cash budget.

Simply put, the cash budget contains information related to what out-of-pocket expenses will be incurred by a business, and when the revenues from sales are to be collected.

If a customer buys 1 FLB Oct 50 call at 3 and she exercises the option to buy 100 shares when the market is at 60, what is the cost basis of the 100 shares

Answers

Answer:

$5,300

Explanation:

A customer buys 1 FLB Oct 50 call at 3 and she exercises the option to buy 100 shares

= 3 × 100 shares

= $300

The customer bought 100 shares at a price of $50

= 50 × 100 shares

= $5,000

Therefore, the cost basis of the 100 shares can be calculated as follows

= $300 + $5,000

= $5,300

Hence the cost basis of the 100 shares is $5,300

Certain countries do not allow importers to purchase insurance abroad. Which Incoterm is therefore not available to importers located in these countries?

Answers

Answer:

CIP (Carriage and Insurance Paid)

Explanation:

This implies that unlike in countries where importers can buy insurance under the Carriage and Insurance Paid To (CIP) part of the Incoterms (International commerce terms) which transfers the risks of damage to the carrier agent.

However, in this countries they do not allow importers such privileges.

Tyrone has three options on how to spend his Saturday afternoon: to go out with friends, watch a movie, or wash his car. Tyrone's opportunity cost of

Answers

The value of going out with friends or watching a movie.

Explanation:

Opportunity cost represents the benefits when we choose one option over another. It is a major concept in economics and can get  get easily overlooked while making decisions, if you are not careful.

If you aware of the missed opportunities  you make better decisions while choosing one investment over another. It is not shown in financial reports but businessmen use this concept to make better decisions when they face the dilemma of choosing from multiple options.

Earning cash revenue by providing services to customers will cause the amount of cash to _____ and the amount of retained earnings to _____.

Answers

Earning cash revenue by providing services to customers will cause the amount of cash to and the amount of retained earnings to .

The returns on the common stock of Cool Toys are quite cyclical. In a boom economy, the stock is expected to return 23 percent in comparison to 14 percent in a normal economy and a negative 18 percent in a recessionary period. The probability of a recession is 18 percent while the probability of a boom is 22 percent. What is the standard deviation of the returns on this stock

Answers

Answer:

13.71%

Explanation:

the expected returns on the stock:

normal economy = 0.14 x 0.6 = 0.084

boom economy = 0.23 x 0.22 = 0.0506

recessionary economy = -0.18 x 0.18 = -0.0324

expected return = 0.1022

the variance for each economic period:

normal economy = (0.14 - 0.1022)² = 0.00142884

boom economy = (0.23 - 0.1022)² = 0.01633284

recessionary economy = (-0.18 - 0.1022)² = 0.07963684

the variance of the stock's returns:

normal economy = 0.6 x 0.00142884 = 0.000857304

boom economy = 0.22 x 0.01633284 = 0.0035932248

recessionary economy = 0.18 x 0.07963684 = 0.014334631

variance of the stock's returns = 0.018785159

standard deviation of stock's returns = √0.018785159 = 0.137058964 = 13.71%

Why did people demand not just banking and stock market reform but also new forms of government after the Great Depression?

Answers

Answer:

The Depression affected the confidence that people had on the government.

Explanation:

The Great Depression began in 1929 and continued until 1933 and it caused high unemployment rates, a decrease in output and deflation. During this time, President Hoover was accused of not taking enough measures to stop the crisis and this ended up on him losing the 1932 election as people lost their confidence in the government. Also, the Great Depression resulted in changes on the government and on how it faces economic crisis. Because of that, the answer is that people demanded not just banking and stock market reform but also new forms of government after the Great Depression because it affected the confidence that people had on the government.

Negotiated transfer prices ______. are consistent with decentralization use the expertise of managers in weighing the costs and benefits of the transfer ensure that the supplying division will receive a market price ensure that all common costs will be covered preserve the autonomy of the divisions

Answers

Answer:

1. are consistent with decentralization.

2. use the expertise of managers in weighing the costs and benefits of the transfer.

3. preserve the autonomy of the divisions.

Explanation:

A negotiated transfer prices can be defined as the final price reached between the buyer (consumer) of finished goods and services and the trader (seller) of such goods and services.

Negotiated transfer prices has the following advantages;

1. Negotiated transfer prices are consistent with decentralization.

2. Use the expertise of managers in weighing the costs and benefits of the transfer.

3. They preserve the autonomy of the divisions.

Sales contracts between parties residing in the United States and foreign countries are typically governed by the:_________

Answers

Answer:

United Nations Convention on Contracts for the International Sale of Goods (CISG).

Explanation:

Sales contracts between parties residing in the United States and foreign countries are typically governed by the United Nations Convention on Contracts for the International Sale of Goods (CISG).

The United Nations Convention on Contracts for the International Sale of Goods (CISG) also known as the Vienna Convention, was founded on the 11th of April, 1980. The CISG provides a uniform and unique framework for the trade of goods in the in international markets (international commerce). It was developed by the United Nations Commission on International Trade Law (UNCITRAL) and is generally considered to be a multilateral uniform international sales treaty.

Which of these is an example of business ownership?
A. A wage earner at a company
B. A day trader of stocks
C. A hair salon franchisee
D. A freelance journalist

Answers

A is the right answer

Answer:

a hair salon franchise

Explanation:

i just did the question

Bob's GMI is $2,000 per month. He currently rents an apartment for $800 per month. Bob has a $199 monthly car lease and an $80 monthly credit card payment. What is Bob's qualifiying ratio?

Answers

Answer:

40/54

Explanation:

Bob's GMI = $2,000

Rent = $800

Car lease = $199

Credit card payment = $80

First, we'd calculate the percentage of his income that is his rent.

We have,

(800 ÷ 1000) x 100%

                             =40%

then we can calculate what percentage of his GMI is his spending

we have,

(800 + 199 + 80)  ÷ 2000

         (1079 ÷ 2000) × 100%

             = 0.54 × 100%

              = 54%.

This means that Bob's qualifying ratio is 40/54 i.e his housing/debt ratio.

With a qualifying ratio of 40/54, it is very impossible for him to get the smallest of mortgage loan product, etc.

Bob will need to find a co-borrower or another person that can lend a higher amount.

Cheers.

             

Assume that Dr. Early is a sales representative for Pharzime, as well as for other pharmaceutical companies. What would be the main factor in determining whether he was an employee or an independent contractor for Pharzime?

Answers

Answer: C. The degree in which Pharzime controls the details of Dr. Early's work.

Explanation:

The options given to the question are:

A. Whether Pharzime has a contract that designates Dr. Early as an independent contractor.

B. Who supplies the car that Dr. Early drives to call on his accounts.

C. The degree in which Pharzime controls the details of Dr. Early's work.

D. Whether Pharzime takes a social security deduction directly from Dr. Early's paycheck.

The main factor in determining whether he was an employee or an independent contractor for Pharzime will be the degree in which Pharzime controls the details of Dr. Early's work.

This is because if Dr Early is an independent contractor, there'll be minimal control by Pharzime but of he's an employee, Pharmize has total right to control the details of his work.

True or false? When creating buyer personas, consider creating a different persona based on job function. Grouping buyer personas together by the goal or challenge they’re trying to overcome won’t be detailed enough to know who you’re talking to.

Answers

Answer:

False

Explanation:

A buyer persona is really a representation of who your ideal customer would be and what characteristics would he/she have. It doesn't really represent anyone specific, but it is a useful tool for developing marketing strategies. If you can identify and develop your buyer persona properly and accurately, it will help you understand your customers' needs and how to satisfy them.

When you develop your buyer persona, you should try to be as more detailed and specific as possible, but you do not need to create one for every job that someone might have. You generally group buyer personas by their common needs, hobbies or goals, e.g. housewives with small children.

A stock currently sells for $44. The dividend yield is 3.3 percent and the dividend growth rate is 4.6 percent. What is the amount of the dividend that was just paid?

Answers

Answer:

Amount of Dividend that was just paid is $1.39

Explanation:

Dividend yield = Dividend for next period / Current price

Dividend for next period = 44 * 3.3%)

=$1.452

Hence, dividend that was just paid=Dividend for next period*Present value of discounting factor(rate%,time period)

=  1,452 / (1+0.046)

= 1.452 / 1.046

= 1.3881

= $1.39

The Amount of Dividend that was just paid is $1.39

What is Dividend paid?

A dividend’s value is determined on a per-share basis and also is to be paid equally to all shareholders of the same class ( preferred, common, etc.). When The payment must be approved by the board of directors. When a dividend is declared, it will then be paid on a certain date, also it is known as the payable date.

Calculation of the amount of the dividend that was just paid

The formula of Dividend yield is = Dividend for next period / Current price

Then Dividend for next period = (44 * 3.3%)

=$1.452

Hence proof, a dividend that was just paid = Dividend for next period*Present value of discounting factor(rate %, period)

Then = 1,452 / (1+0.046)

After that = 1.452 / 1.046

Now, = 1.3881

Thus, = $1.39

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The fitting of plotted points to create a smooth progression between pay grades is known as a ________.

Answers

Answer:

Wage curve

Explanation:

This is known as a wage curve. A wage curve is a graphical illustration that shows the present pay rate for different jobs in a pay grade with respect to the ranking of their company. It is done so that Employees are paid well in respect to the skills they have and also the levels of education they have acquired. Through a wage curve a company can also see what other companies in same field pay their employees.

Monetary policy has a​ ________ effect on aggregate demand in​ a(n) ________​ economy, and fiscal policy has a​ ________ effect on aggregate demand in​ a(n) ________ economy.

Answers

Answer:

Greater; Open; Greater; Closed

Explanation:

Aggregate demand of economy refers to the total demand for goods and services in an economy at particular period of time.

A closed economy refers to one that has no imports or exports; in order words it is closed from foreign trade with other economies. Thus, fiscal policy would have a greater effect in this economy.

Open economy is the opposite of a closed economy; it allows foreign trade and the aggregate demand of the economy is better influenced by the monetary policy.

Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country music video. This type of paid, nonpersonal communication is known as

Answers

Complete Question:

Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country music video. This type of paid, nonpersonal communication is known as?

Group of answer choices

A. direct marketing.

B. personal selling.

C. advertising

D. public relations.

Answer:

C. Advertising.

Explanation:

In this scenario, Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country music video. This type of paid, non-personal communication is known as advertising.

Advertising can be defined as a marketing strategy, which involves paying for a space in order to promote or boost the acceptance of goods and services. This ultimately implies that, advertising is a marketing technique which is being used by service providers or manufacturers in attempt to convince or influence the buying behavior of various customers through the use of persuasive messages.

"Chantel is a 62-year-old employee of a large manufacturing company. Based on the research, she will __________ compared to her co-workers in their 20s."

Answers

The question is incomplete:

"Chantel is a 62-year-old employee of a large manufacturing company. Based on the research, she will __________ compared to her co-workers in their 20s."

A) be tardy more often

B) engage in more on-the-job substance abuse

C) have more voluntary absences from work

D) comply more to the norms of the workplace

Answer:

D) comply more to the norms of the workplace

Explanation:

The answer is that based on the research, she will comply more to the norms of the workplace compared to her co-workers in their 20s because it is considered that age has an influence on human behavior and older people tend to show a more responsible behavior and adherence to the norms than people in their 20s that are more immature.

The other options are not right because they are related to irresponsible behaviors that would be more characteristic of people in their 20s.

As a project manager with a great deal of training in decision making, Alex is to be taken seriously when he tells his subordinates, "We’re in a crisis situation." He is referring to a(n)

Answers

Answer:

circumstance that requires educated minds to address, because intuition alone will not prove adequate

Explanation:

Alex is to be taken seriously because a crisis situation refers to a threat to the organization from nowhere. The stability of the organization is likely to be threatened by this. To address this crisis, educated minds need to come together to provide a solution as intuition alone is not going to be enough to manage the crisis. They need to come together to prevent the crisis or to stabilize the situation.

When membership in an organization allows for a reduction in the price of museum tickets, it is an example of a

Answers

Answer:

Material benefit

Explanation:

Material benefit from being part of an organisation includes money, consideration, gift or other benefit that a person gains as a result being in an organisation.

The organisation makes a promise to give something not value to the beneficiary.

This fosters a sense of belonging for members and greater loyalty.

An example of material benefit are a reduction in price of museum tickets, discounts in purchases from select retailers, discount in hotel reservation, and so on.

John owns his own printing company. He wants to buy a new building since his business, created two years ago, is expanding so rapidly. John could call any resources to obtain a new loan in the primary mortgage loan business EXCEPT:

Answers

Answer:

A mortgage broker. Have a good day! =)

Explanation:

Procter & Gamble determined that its Thermacare Heat Wrap was underperforming and lacked a desired level of growth potential, so it decided to sell the brand. In what phase of the product life cycle was Thermacare Heat Wrap? a. failure b. growth c. maturity d. decline

Answers

Answer:

d. decline

Explanation:

Based on the description provided it seems that the product is in the decline phase of its life cycle. This stage is described as the terminal stage where sales tend to drop drastically, so much so that the company begins to start losing money and production is ultimately halted. In this scenario, Procter & Gamble saw this terminal stage occurring and preemptively got rid of the brand.

Martha made an offer to buy Drake’s home, and he accepted it. Under the terms of the agreement, Martha was supposed to make an earnest money deposit of $10,000, but she only put down $5,000. Drake accepted the lesser deposit, and the sale was ultimately finalized. This is an example of ______.

Answers

Answer:

Martha made an offer to buy Drake’s home, and he accepted it. Under the terms of the agreement, Martha was supposed to make an earnest money deposit of $10,000, but she only put down $5,000.

Drake accepted the lesser deposit, and the sale was ultimately finalized. This is an example of accepting partial performance

Explanation:

A firm will exit a competitive market when A. costs force the marginal cost curve to shift to the left. B. the longrun profit would be negative. C. it can earn only earn a zero longrun profit. D. Both B and C.

Answers

Answer:

B. the longrun profit would be negative.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm would shut down in the short run if price is less than average variable cost and exit if it  is making a loss

What is the manufacturing industry

Answers

Answer:

Manufacturing is the production of products for use or sale, using labor and machines, tools, and chemical or biological processing or formulation. It is the essence of secondary industry. The term may refer to a range of human activity, from handicraft to high-tech, but is most commonly applied to industrial design, in which raw materials from primary industry are transformed into finished goods on a large scale.

In situations where rivals can readily copy the successful features of a company's strategy or duplicate its attempts to attract customers, the only dependable path to competitive advantage is for a company to staff the company's organization with smarter and more talented people. outexecute rivals by developing a collection of resources and capabilities that enables the company to perform certain important value chain activities at lower cost than rivals or with greater effectiveness than rivals (thereby gaining the ability to deliver more value to customers via either a lower price or a more appealing product). do a better job of training, empowering, motivating, and compensating employees than rivals. perform value chain activities quicker or faster than rivals can. outsource more value chain activities than rivals do and thereby achieve lower operating costs.

Answers

Answer:

Outexecute rivals by developing a collection of resources and capabilities that enables the company to perform certain important value chain activities at lower cost than rivals or with greater effectiveness than rivals (thereby gaining the ability to deliver more value to customers via either a lower price or a more appealing product).

Explanation:

All business strategies boil down to two desired outcomes: outpacing competition with a product that is either cheaper, or of higher quality (more valuable or appealing).

If rival firms are imitating a company's strategy, the only way forward for said company is to modify its strategy so that it becomes even more effective than that of its competitors. In this way, the company will achieve the goal of either providing goods or services at lower cost, or at higher qualities.

Which of these is not a workforce consideration when conducting a planning self-assessment: A. Have you determined the effects of high absentee rate on your organization? B. What types of workers will shirk their duties during a pandemic? C. Have you addressed succession planning in your pandemic plan? D. Have you considered the impact of any authorized outside employment (i.e., second jobs)

Answers

Answer:

I think it could be c because why is going to plan a pandemic plan but I dont know

Have you addressed succession planning in your pandemic plan? these is not a workforce consideration when conducting a planning self-assessment. Thus, option (c) is correct.

What is workforce?

The workforce is the entire number of people that work for a certain organization or on a particular mission. Workforce Managers just provide data, analytics, and resource management that ensure personnel levels are enough to handle incoming volumes while also fulfilling the demands of associates and the business.

All businesses meet the requirements for succession planning. Employee succession plans are in place to address changes that happen when workforce leave. They have the proper leaders in place to step up in an emergency if important roles become vacant on an unanticipated permanent or temporary basis. The planning succession is not appropriate.

As a result, the Have you addressed succession planning in your pandemic plan? Therefore, option (c) is correct.

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Why is career and technical education supported by the government?

Answers

Answer:

it is supported by the government because in order for you to pay taxes you need a job and when you have a job you get you payed and you use the money to pay for the taxed. really it is just a big circle

______ are storage facilities where incoming shipments from various suppliers are sorted and batched and then delivered to buyers and spend little or no time in storage.

Answers

Answer:

Distribution centers

Explanation:

Distribution centers are large storage facilities covering a large area where that facilitates the transfer of vast quantities of goods within a relatively short duration.

Distribution centers are points of distribution usually located close to transportation terminals where goods are secured from various suppliers and moved to the different customers of the suppliers by use of computing system that enables quick and reliable logistics

The duration of goods handling in distribution centers can be as short as less than a day for perishable goods.

"The maximum coverage provided by Securities Investor Protection Corporation for securities held in a customer's account is:"

Answers

Answer:

$500,000 USD

Explanation:

The Securities Investor Protection Corporation or SIPC for short, protects against the loss of cash and securities (such as stocks and bonds) up to a limit of $500,000 USD. This cash and assets must be held in a SIPC-member brokerage firm as part of a customer's account and the $500,000 is the limit for both cash and assets, with cash alone having a limit of $250,000 per account owner in the case that the brokerage falls into financial trouble.

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