The decision-making process for consumer purchases has five stages. Problem recognition is the first step, and post-purchase behavior is the last.
What is a decision-making process?The process of choosing a course of action involves identifying a decision, acquiring data, and weighing potential answers. By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions.
By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions. By using this strategy, one have a better chance of selecting the option that will satisfy one the most.
Here, effective decision-making is defined as the procedure by which options are chosen and then managed through execution to meet organisational goals.
Effective decisions are the outcome of a methodical procedure that has aspects that are precisely specified and is handled in a specific order.
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Acme Model Trains started the year with $10,000 worth of model trains in inventory. During the year, it purchased $5,000 more model trains. By the end of the year it sold a total of $7,500 in model trains. Calculate the cost of goods sold using the handout from class or the information provided in Chapter 14.
Based on the information given the cost of goods sold is $7,500.
Using this formula
Cost of goods sold=Starting inventory + Purchases − Ending inventory
Where:
Starting inventory=$10,000
Purchases=$5,000
Ending inventory=$7,500
Let plug in the formula
Cost of goods sold=$10,000+$5,000-$7,500
Cost of goods sold=$7,500
Inconclusion the cost of goods sold is $7,500.
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The existence of a ________ means that the interest rate on a two-year bond will exceed the average interest rate on two successive one-year bonds.
__________ is the specialized area of management that converts or transforms resources into goods and services.
Answer:
operations management
Explanation:
Trust me
Beverly, the manager of a branch location of a large law firm, purposely controls company resources as if they were her own and encourages continued development and training of her employees. She cares about the staff deeply and even organized international volunteering activities to promote their growth. Beverly could best be described as which type of leader
Based on the given scenario Beverly could best be described as servant leader.
A servant leader is a type of leader that is has the best interest of their organization or company and employee on mind.
They are more concern about the wellbeing and the need of their employee and they tend to show support or render support to their employee.
A servant leader often show empathy and they help people to develop as well as encourage the development, growth and training of their employee or people.
Inconclusion Beverly could best be described as servant leader.
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When a company has both common and preferred stock, its ROE must be adjusted by ______. (Select all that apply.) Multiple select question. adding the preferred stock balance to total stockholders' equity subtracting preferred stock dividends from net income subtracting the preferred stock balance from total stockholders' equity adding the preferred stock dividends to net income
With both common and preferred stocks, the company's ROE must be adjusted by B. subtracting preferred stock dividends from net income and C. subtracting the preferred stock balance from total stockholders' equity.
ROE means Return on Equity. It refers to the financial measure that determines the profitability of Common Stockholders' investments versus the profits due to them.
Thus, to arrive at the ROE, the preferred stock dividends must be deducted from the net income, and the resulting figure is divided by the balance of the total stockholder's equity after subtracting the preferred stock.
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Select this link to view the North American Free Trade Agreement Preamble. How does this agreement help the nations involved? Check all that apply. It reduces barriers to trade. It coordinates trade with other trade agreements. It promotes industry development and trade. It requires environmental protection. It builds up a common military. It protects workers’ rights.
The North American Free Trade Agreement (NAFTA) helps nations involved in that:
It reduces barriers to trade. It promotes industry development and trade.It requires environmental protection.It protects worker's rights.The NAFTA was mostly a trade agreement which means that it is meant to reduce the barriers that member countries have in trade as well as promote facilities that encourage trade such as industrial development.
It then goes further to require that the environment be protected by member states and that workers be treated fairly with all appropriate rights.
In conclusion, the NAFTA was a comprehensive trade agreement that did a lot of things.
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Answer:
1, 3 ,4 , and 6
Explanation:
I got it right on edge , good luck guys:)
The decision-making process has five steps. After collecting relevant information and evaluating each alternative, the next step is to:
Answer:
Select the course of action
Explanation:
Because it’s the next step after collecting relevant information and evaluating each alternatives
The decision-making process has five steps. After collecting relevant information and evaluating each alternative, the next step is to select the course of action.
What is the decision-making?The process of deciding what to do involves identifying a problem, acquiring data, and weighing potential answers. The value of decision-making comes in how it aids you in selecting among many possibilities.
Group decision-making is preferable when there is sufficient time and the potential consequences of a choice are considerable since it allows the opportunity for all members to contribute their best ideas.
Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process. The best options are selected, and a course of action is decided.
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Linda is having trouble in her economics class. Although she understands the material, she often gets low grades on her essays because she uses inaccurate language and her sentences are difficult to understand. Which condition is Linda most likely struggling with
Based on the information given, the condition that Linda is most likely struggling with is writing disorder.
From the information given, it was stated that Linda is having trouble in her economics class and that she often gets low grades on her essays because she uses inaccurate language and her sentences are difficult to understand.
The above shows that she has a writing disorder. It's also referred to as dysgraphia. It's when an individual has problems with writing. This has a negative impact on the grade of such a person.
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You work as the inventory manager at a golf pro shop. The club pro has reviewed and approved a new golf club collection, and you proceed to complete the purchase by negotiating a price and finalizing paperwork with the manufacturer. In this scenario, you are in the role of ______. Multiple choice question. influencer initiator user buyer
Answer:
Buyer
Explanation:
I did this question
Over the last fifty years both real GDP and prices have trended upward in most countries. Continuing real GDP growth and inflation can be explained by
The continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.
Every country have improved massively especially in production of goods and services because of technological progress
Also, an increase in money supply are achieved because of various effective economic policies implemented by the economic team of many countries.Hence, the Option C is correct because the continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.
The missing options includes "a. continuing technological progress alone. b. continuing increases in the money supply alone. c. continued technological progress and continuing increases in the money supply. d. None of the above can explain continuing real GDP growth and inflation."
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Total revenue minus the total _____ and total _____ costs of production is economic profit. Multiple choice question. explicit; accounting explicit; modified implicit; explicit implicit; modified
Total revenue minus the total explicit and total implicit costs of production is economic profit.
Economic profit is accounting profit less implicit or opportunity costs. It is also total revenue less explicit and implicit cost.
Explicit cost is the amount used in running a business. Examples are rent and wages.
Implicit cost is the cost of the next best option that is let gone off when one option is chosen over other options. For example, a baker leaves his job to start his own business. His implicit cost is the wages he earned as a baker.
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the definition of workplace teams includes the requirement that team members _____.
Explanation:
I dont know sorry have a good day
Need help with now/ASAP!
Answer:
You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
Explanation:
You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
Event Credit Payment Interest Principal Balance
$500.00 $0.00 $0.00 $500.00
Payment 1 $100.00 $7.40 $92.60 $407.40
Payment 2 $100.00 $6.23 $93.77 $313.63
Payment 3 $100.00 $4.79 $95.21 $218.42
Payment 4 $100.00 $3.02 $96.98 $121.44
Payment 5 $100.00 $1.86 $98.14 $23.30
Payment 6 $23.64 $0.34 $23.30 $0.00
Grand Total $500 $523.64 $23.64 $500.00 $0.00
Study this payment schedule and answer the following questions.
Part A
How long will it take to pay off this credit card?
Part B
How much will the interest be?
Answer: 6 months
Explanation:
plato
Answer:
It will take six months to pay off the credit card and the interest will be $23.64
Explanation:
When the federal reserve announces that it is increasing the federal funds rate, it is actually going to ___________.
The federal funds rate is commonly described as the target interest rate that has been fixed by the Federal Open Market Committee (FOMC). When the federal reserve announces that it is increasing the federal funds rate, it is actually going to sell bonds on the open market until the federal funds rate rises the new target.
The target interest rate is often the rate at which commercial banks do borrow and lend their excess reserves to one other.The FOMC often meets eight times a year so as to set the standard federal funds rate.
The Federal government announces a new federal funds rate. It takes place through buying or selling bonds to influence interest rates. fed do sells bonds, and as a result the bond prices fall and interest rates rise.
Full question below
When the federal reserve announces that it is increasing the federal funds rate, it is actually going to ___________.
A. Require that banks pay higher interest rates to each other
B. Change the law on the federal funds rate
C. Buy bonds on the open market until the federal funds rate rises to the new target
D. Sell bonds on the open market until the federal funds rate rises the new target
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fractional reserve lending"" what does this mean.
Answer:
It means that they lend a loan with a reserve that is less than the amount they lend.
The key characteristics of a monopolistically competitive market structure include:
Many small (relative to the total market) sellers acting independently.
A monopolistically competitive market is a market structure where there are many producers of similar products but each firm can differentiate their own products.
In a monopolistically competitive market, entry into the markets are low. This means that there are no barriers to entering and exiting the market for sales purposes.
Thus, the monopolistically competitive market is characterized by having many firms, differentiated products and free entry/exit.
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Your friend, Alicia, is a graduating senior about to head to college in the fall. Alicia has a single checking account and is eager to open a savings account. After reading this article, she is inspired to open up multiple savings accounts to work towards her goals. Do you think it’s a good idea for Alicia to do so? Why or why not?
Answer:
It is good
Explanation:
Alicia would have an easier time splitting money and saving money towards different goals. Such as putting 40% of your paycheck into savings and splitting the 40% into 10% for each savings account.
when a bank says their savings account earns 1% APY interest, that typically means you will earn 1% interest over what period of time
A. monthly
B.Daily
C. Annually
D. Quarterly
Answer:
A.number monthly. i think
Many online stream services allow customers to use their service of limited for 30 days. This strategy tries to increase the diffusion of a new format of using the service through increasing ________.
Answer:
trialability
Explanation:
trialability is the strategy used to try to increase the diffusion of new format using the service
The era in marketing history characterized by the notion that the consumer is king is known as the ________ era.
Answer:
The Selling Era
Kotler refers to this as businesses "selling what they make, rather than making what the market wants to buy." ... Selling-era tactics can be risky for companies, as the hard sell can turn off consumers, perhaps even push them into the arms of a competitor.
Explanation:
A company's biggest vulnerability in employing a best-cost provider strategy
A. relying too heavily on outsourcing.
B. getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
C. getting trapped in a price war with low-cost leaders.
D. being too timid in cutting its prices far enough below high-end differentiators many of their customers.
E. not having a sustainable distinctive competence in cost reduction.
Answer:
B - Getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
Explanation:
A company's biggest vulnerability in employing a best-cost provider strategy, getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Thus, option (b) is correct.
What is strategy?The term strategy refers to the plan for the company growth. The market are the based of the so many companies are the different company are the different strategy. The strategy is the measure, the following the points are the related to the advantages and the disadvantages of the plan. The perfect strategy is the perfect advantage.
It was the company's biggest strategy was the vulnerability in employing a best-cost provider of the low cost of the provider are the best strategy to the high-end differentiation strategies. There are the firms the low cost are the more profit. The strategy are in the perfectly to the implement.
As a result, a company's biggest vulnerability in employing a best-cost provider strategy getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Therefore, option (b) is correct.
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Marla is a buyer at a major corporation. Although she is authorized to make purchasing decisions on her own, she often seeks the input of trusted colleagues before settling on a decision. What type of buying center does Marla participate in
Answer:
Consultative
Explanation:
I did this question
A report that details prevention, appraisal, internal failure, and external failure costs is called a ________.
Answer: quality cost report
Explanation:
I just checked it and got it right.
As the number of sellers in an oligopoly becomes very large, a. the price effect is magnified. b. the quantity of output approaches the socially efficient quantity. c. the price approaches the monopoly price. d. the quantity of output approaches the monopoly quantity.
As the number of sellers in an oligopoly becomes very large, the quantity of output approaches the socially efficient quantity.
An Oligopoly is when there are few large firms operating in an industry.
Characteristics of an oligopoly:
Firms set the price for their productProducts are differentiated The demand curve is downward sloping There is a high barrier to entry and exit of firms into the industry.
As the number of firms increase in an oligopoly, the quantity and price approaches what would exist in a perfect competition. As the number of firms in an oligopoly decreases, the price and quantity produces approaches that would be exist in a monopoly.
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Why is it important to have leadership skills in a business?:
Answer:
It is important to have leadership skills in a business because you know what you are suppose to be doing and how you suppose to be doing by others in a business. Moreover, because it take leadership to keep everything in order like it should be in a business.
Explanation:
50 POINTS
Abdul works as a regulator at the Bereau of consumer protection. His agency makes sure consumers are treated fairly. What task might be part of Abduls job at his agency?
A. Drawing up ideas for the new city park
B. drafting a proposal for the state government budget
C.recording information about fraudulent business
D.meeting with heads of state to discuss trade
Answer:
the answer is D
Explanation:
It is essential to hold a meeting in order to learn about the progress of your business and the attitudes of your employees during work. Although you may think that your employees are treated fairly, this may not be the case at all. so have a face-to-face meeting with your employees and ask them if they are satisfied with the job.If you are the boss you treat your employees fairly if you are not the boss . in cases of unfair treatment you should have a meeting with the boss
Answer:
C
Explanation:
He is consumer protection and a fraudulet means like scams or fraud.
A wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn ________ per year.
Answer:
12,000
Explanation:
A wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn $12,000 per year.
What is wage?The term wage refers to the payments made to employees or labor as compensation for their services. Daily, weekly, and monthly are the norm. The wages are paid on a daily, weekly, or according to the work basis. The wages are the expenses of the business.
According to the given was the amount are the wage was the increased the per year in the $3000. There was the subjective in the people are the increased the well-being into the people are the collection was the wage are the $12,000 per year in the currently to the earn.
As a result, the wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn $12,000 per year. Therefore, option (a) is correct.
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Your question is incomplete, but most probably the full question was.
a. $12,000b. $40,000c. $25,000d. $75,000Keith works as a construction foreman, and he is viewed as a reliable, competent employee. During the 2007-2009 recession, Keith's employer reduced its workforce and Keith was let go without the expectation of being called back. Which one of the following would most likely provide Keith with benefits?
A) Group life insurance.B) Unemployment insurance.C) Workers' compensation insurance.D) Supplemental unemployment benefits.
Unemployment insurance is the provision that is most likely to provide Keith with benefits.
The unemployment insurance refers to a federal program which provides cash benefits to eligible workers.
Benefit in this aspect refers to compensation to be given to insured because of the loss he suffered as a result of unemployment.In conclusion, the Option B is correct because Unemployment insurance is the provision that is most likely to provide Keith with benefits.
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Gloria has an option to purchase the cottage she leases from her landlord. She can exercise the option within the next two years. To gain that right, Gloria paid the landlord $5,000. This is called ______.
The option that Gloria has to purchase the cottage that she leases from her landlord is called An option fee.
Gloria has an option to purchase this property here. Under this option, she and the landlord would have a mutually agreed percentage on the purchase price.
Gloria paid her landlord the $5000 in order for her to have the right that would enable her to buy this property at a later date in the future.
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