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A: Both goods and services are very important for the economy. The consumers purchase many products to…
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A: The word "externality" is derived from the Latin word "externus," which means "outside" or…
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A: To meet consumer wants, any good service or idea can be classified as a product. Hence any physical…
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A: The economics as a study is based upon the basic idea of the limit to the resources which are there…
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A: Sandwich making necessitates a considerable bit of manual labor. Whether one is creating sandwiches…
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A: When a consumer purchases one good or service, then he/she is giving up on the chance to purchase…
Q: Why is the cost of serving a long-standing customer far less than the cost of acquiring a new…
A: Customer retention signifies the process by which business firms are able to retain its clients for…
Q: Why More Sales Don't Always Mean More Profit?
A: More Sales Don't Always Mean More Profit because: Sometimes to increase the sales firms cut down the…
Q: Do you need suppliers to be more responsive to your needs?
A: To determine: Suppliers to be more responsive to the needs of consumers.
Q: What is the decision facing alibaba?
A: Alibaba is the largest e-commerce company in the world. It is currently facing multifaceted…
Q: Putting Virtual Reality on the Market: Is It Possible?
A: virtual reality markets include brands advancing themselves and their items by utilizing virtual and…
Q: How does change in price affect CONSUMER OPPORTUNITIES?
A: Microeconomics refers to the branch of economics that is concerned with a single factor and affects…
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A: Product differentiation is the process which make a good different from the similar competition good…
Q: Goods that can be used to replace one another are called What?
A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…
Q: What factors affect transaction costs?
A: In a market, transaction cost arises when there is a third party involved in a specific transaction,…
Q: What should be done to regain the lost customers?
A: The lost customers can be gained by following ways: 1. Decide if the producer wants them back. Not…
Q: Discuss the factors that led to the consumer movement and list some of its results.
A: The consumer movement refers to a social movement, led by consumer organisation to ensure protection…
Q: Which of these do NOT comprise the psychological factors influencing consumer decision making?…
A: 1. Psychological Consequences Consumer behavior is heavily influenced by human psychology. These…
Q: Price works as a ration device in outdoor recreation method”, explain with help of diagram?
A: Price as rationing device Price is used by government as rationing device. Whenever there is…
Q: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…
A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…
Q: Is buying a steak at the restaurant considered a good or service?
A: Answer: Introduction: Goods: goods are those things that have a physical presence. In other words,…
Q: Why are celebrities endorsed brands more expensive?
A: The company’s sales and market share of branded items will be increased with the help of celebrity…
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A: Industries that are established in a country contribute a significant amount of revenue to the…
Q: Discuss why packaging is considered as an important part of the product offer?
A: First impressions are crucial, and your packaging is often a consumer's first encounter with your…
Q: What are the Shortcomings of Range?
A: A range can be defined as the difference between the largest number and the smallest number. To find…
Q: Explain: “The success of a new product depends not only on its marginal utility but also on its…
A: The consumption of a new product gives higher level of marginal utility per unit. On the other hand,…
Q: What does the Hubbert show?
A: In particular, Hubbert's curve alludes forthright at which this creation rate is at its most…
Q: How can our customers influence us?
A: A customer refers to any person who buys a good or service from a business. Any business is based on…
Q: How might blockchain help address the problem ofspoilage and waste in the food industry?
A: A blockchain is a distributed database that is shared by computer network nodes. A blockchain, like…
Q: which technology change affect consumer taste
A: The Law of Demand states that as price rises, demand declines keeping tastes and preferences…
Q: price,
A: Demand generated by all the consumers/individuals at a given price during a duration depicts demand.…
Q: difference between goods and services?
A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…
Q: What is the value of the exercise price? $
A: An option refers to a contractual agreement that gives the buyer the right but not the obligation to…
Q: Q1: Why do the companies change their products every time?
A: Companies change their product in order to sell more.
Q: Can government policy affect consumer behavior?
A: The economies around the globe tend to operate with the major focus on the growth and development.…
Q: What are the Factors Affecting Consumer Decision Making?
A: A consumer is an individual or household who seeks to maximize his/her utility given his/her income…
Q: How do market affect your life
A: Market is the place where seller and buyer are exchange the goods and services at a specific Place.
Q: Write a few sentences from the point of view of a first-time buyer when home appliances became…
A: The following problem has been solved as follows:
Q: why is that quality delivery and price expectations of the customer should be considered in the…
A: When talking about transformation process, it refers to the process of substitution one or more…
Q: What is not a means or medium of communication?
A: The sending and receiving of verbal or written communications between people and places is known as…
Q: Roberta Y Clothing C. Anta X Food
A: In the commodity as well as factor market, the Edgeworth box is used to find out the contract curve.
Q: Do more sales bring more profits?
A: The firm would result in the motive of sales maximisation and the profit maximisation. The sales…
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- MULTIPLE CHOICE. Choose the letter of the best answer. Write the chosen letter on the space provided for 1. The letter M in MOOC stands for? a. Media c. Market b. Massive d. None of the Above 2. A technology that helps instructors evaluate their students' learning. a. Analytics c. Online exams b. Learning trackers d. All of the above 3. This refers to a society's characterized by the shift from letters to e-mails, newspapers to news web pages, books to e-books, and so on. a. Electronic Society c. Paperless Society b. Internet Society d. Digital Society 4. Which of the following is not an example of modern wearable technology? a. Smart Watches c. Smartphones b. Fitness Trackers d. Headsets 5. Refers to a type of learning that happens anytime, anywhere, and with anyone. a. Ubiquitous Learning c. Wide Learning b. Global Leaming d. None of the Above IDENTIFICATION: Identify the term/s being referred to below. Write your answers to the space provided before the number. 1. The…1.6 number 4 a and b review praticeanswer question c, d