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kiruha [24]
2 years ago
6

Donna wants to buy a new coat. During the ________ stage of the buyer decision process she will ask her friends to recommend sto

res that sell good quality winterwear clothing. She will also go through newspapers and magazines to look out for offers and sales on coats.
Business
1 answer:
koban [17]2 years ago
4 0

During the <u>information search</u> stage of the buyer decision process she will ask her friends to recommend stores that sell good quality winter wear clothing.

<u>Explanation</u>:

As a buyer, we always look into lot of recommendations and options to buy a product.

Information search is the major phenomena while buying a product. Information search helps in making decision for a consumer or purchaser.

Information search can be classified into two types:

i) Internal research

ii) External research

Newspapers, magazines and even word of mouth help in providing information during decision making process. This information search before buying a product helps the consumer to make good decision and gain profit over their purchase.

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In a perfectly competitive industry, the industry demand curve is ____, while in a monopolistic industry, the industry demand cu
antoniya [11.8K]

Answer:

The correct answer is downward sloping; downward sloping.

Explanation:

In a perfect competition the demand curve for an individual firm is a horizontal line parallel to the x axis. This happens because the firm is a price taker and operate on the price determined by the intersection of demand and supply curves. Any increase in the price will cause the demand to become zero.

While in the monopolistic market a single firm has downward sloping demand curve. Here, the firm is price maker and decides price level. Though, the consumers will demand more at lower price.

The industry supply curve for both will be downward sloping. This happens because, the firms consumers in a market will always demand more at low prices. The demand and price are inversely related.

8 0
1 year ago
A population gathers plants and animals for survival. They need at least 360 units of​ energy, 300 units of​ protein, and 8 hide
stellarik [79]

Answer:

0 units of plants and 18 animals.

Explanation:

From the information provided, we know that this population must hunt at least 8 animals, to obtain the hides necessary to survive. When hunting such a quantity of animals, they would also obtain 160 units of energy and 200 units of protein. In terms of costs, this equals 80 hours of labor.

How can the population obtain the additional 200 units of energy and 100 of protein they need to live? They have two options: gather plants or keep hunting animals, of course, respecting the available quantities.

In the former case, at least 10 units of a plant would have to be gathered, this is the only way to obtain the additional units of energy and protein they are looking for. With 8 animals and 10 units of plants, they would have 460 units of energy, 300 of protein and 8 hides, and would have to invest 280 hours of labor.

If the population decided to reduce labor by gathering fewer plants (which is the activity that requires more time) but hunting the same amount of animals, it would obtain 430 units of energy, 290 units of protein and 8 hides. That means that it would not survive because it would not meet the requirement of 300 proteins.

Therefore, the only way to reduce hours of labor without risking survival would be gathering fewer plants but hunting more animals. Following this logic, the optimal amount would be 18 animals and 0 units of plants, as this would allow people to obtain the necessary resources to survive at the minimum cost in terms of labor. Furthermore, it would fit the physical limit of 27 units of plants and 23 animals. This combination would allow to obtain 360 units of energy, 450 of protein and 18 hides by investing only 180 hours of labor.

The attached image shows what happens when the quantity of animals is increased and that of plants is decreased until reaching the optimal combination of 18 animals and no units of plants.

4 0
2 years ago
Suppose there are two breakfast restaurants in your college town, Waffle Kingdom and Flip’s Flapjacks, and they decide to operat
3241004551 [841]

Answer:

a. For both restaurants to abide by the cartel’s agreement.

Explanation:

These type of agreements unite companies that have common interests or are in a similar industry to form an association.

3 0
1 year ago
You are the marketing analyst for Better Beans Coffee Company, which has nine stores nationwide. The company wants to build two
yaroslaw [1]

Question Completion:

Existing Store  Revenue 2nd Store Cannibalization Revenue Net Revenue

                                        Revenue         Estimate      Drop         Increase for

                                                                                                      Market

Los Angeles   1,450,000  1,570,000         10%           145,000    1,425,000

Houston         1,400,000   1,475,000        25%          350,000    1,125,000

Orlando         2,100,000   2,155,000        30%          630,000   1,525,000

Atlanta           1,600,000   1,780,000         55%         880,000     900,000

Chicago         1,950,000   1,730,000         40%         780,000     950,000

San Diego    3,400,000  3,090,000          10%         340,000  2,750,000

Portant          1,000,000   1,075,000         25%         250,000     825,000

Dallas           2,000,000   1,850,000         60%       1,200,000    650,000

Boston         2,300,000  2,200,000         50%        1,150,000  1,050,000

1. Ignoring cannibalization rates for now, what two markets have the highest net revenue increases when adding a second store?

San Diego and Orlando

Atlanta and Dallas

Orlando and Dallas

San Diego and Portland

Dallas and Portland

2. What two markets should be chosen for a second store based on management's criteria that the cannibalization rate for the existing store should be less than 30%

Note: Cannibalization rates and net revenue increase amounts need to be considered when making this determination.

San Diego and Orlando

San Diego and Los Angeles

Chicago and Los Angeles

Chicago and Portland

San Diego and Portland

Answer:

Better Beans Coffee Company

1. San Diego's $2,750,000 and Orlando's $1,525,000 presented the highest net revenue increases when adding a second store.

2. Based on management's criteria that the cannibalization rate for the existing store should be less than 30%, San Diego with 10% and Los with 10% Cannibalization rates should be chosen.

Explanation:

Cannibalization Rate is a measure of the impact of new products or the presence of new stores on sales revenue for existing products or stores.  Cannibalization happens when a business, like the Better Beans Coffee Company, opens a new store in a town where there is an existing store. It can also happen when Better Beans releases new coffee products.  Consumers' attention and demand for existing products can decrease, as a switch to new products or new stores takes place.

4 0
2 years ago
Great Skot expects to have cash receipts in June of $532,160. Skot’s cash disbursements in June are $581,720, including an inter
Y_Kistochka [10]

Answer:

a.$37,560

Explanation:

Cash balance $40,000 at month end =  Cash balance $52,000 at beginning + cash receipts in June of $532,160 - cash disbursements of $581,720 +  New borrowing

⇔ $40,000 = $2,440 + new borrowing

⇔ New borrowing =  $40,000 - $2,440 = $37,560

If Skot wishes to maintain a cash balance of $40,000, Skot have to borrow $37,560 if it started the month with a cash balance of $52,000

6 0
2 years ago
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