answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Greeley [361]
2 years ago
14

Max is in the marketing department with Loose Leaf Teas. He was given the responsibility of determining if customers liked the n

ew calming chamomile. According to Loose Leaf sales data, over 4,000 customers purchased the new tea last month. If Max surveys 25 of those customers to determine if they like the tea or not to base his marketing campaign on, he will most likely suffer from confirmation bias. Group of answer choices
True

False
Business
1 answer:
Alexus [3.1K]2 years ago
3 0

Answer:

True

Explanation:

Confirmation bias is defined as the tendency of an individual to search for, interprete, favour and recall information that agreed with their personal beliefs and preferences. So a person that is used to a product will tend to keep buying it because of his previous experience using it.

In this instance the 25 people Max is using in the survey have already used Loose Leaf Tea products. They will tend to give good feedback in the survey. This will not show a true picture of what a customer will like about the tea.

You might be interested in
The _____is a personality assessment model that taps basic dimensions encompassing most of the significant variation in human pe
Vitek1552 [10]

Answer:

Big Five model

Explanation:

The Big Five model also known as the Five Factor Model (FFM) or Ocean or Canoe model is a way of grouping human behavior/traits. This behavior or traits are subject to relationship between words.

The Ocean or Canoe (OCEAN/CANOE) abbreviation is a combination of the first letters of the words of the the five(big five) traits.

Openness to experience, Conscientiousness, Extroversion, Agreeableness, emotional stability(Neuroticism). It can also be rearranged to form CANOE as well.

This five traits are also affected by the upbringing or family cultures as well. Anyone described with any of the above word is most likely to have attributes that exemplify the meaning of the words.

I hope this helps.

4 0
2 years ago
In what areas is Leslie's underspending<br> hurting her budget?
Jlenok [28]

Leslie's budget is hurting in the areas of transportation, groceries, phone and dining out.                                                                                                                                                    

<u>Explanation:</u>

For transportation, cash is required for every day. So Leslie is spending more on transportation every month. Forgoing back and forth out anyplace she will burn through cash on transportation.  

She is likewise spending cash on goods. Staple goods will be an essential one for living these days. So the financial backing is harming here.  

She is spending another hand on the telephone and eating out. For the telephone, she will energize each month. She will feast out with companions each day.

5 0
2 years ago
Read 2 more answers
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is​ $1 per​ can,
FinnZ [79.3K]

Answer:

Option (B) is correct.

Explanation:

The utility maximization point for a consumer is as follows:

\frac{MU_x}{P_x}=\frac{MU_y}{P_y}

It is given that,

price of Pepsi(x) =​ $1 per can

price of a hamburger(y) =​ $2

Marginal utility from Pepsi =​ 4

Marginal utility from hamburgers = 6

Hence,

\frac{4}{1}>\frac{6}{2}

4 > 3

Therefore, it can be seen that the consumer's utility is not maximized at this point.

Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.

So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.

6 0
2 years ago
Archer, in Chicago, wrote to Ganze in New York City offering to purchase her antique car. When she received the letter, Ganze ma
olya-2409 [2.1K]

Answer:

<u>No</u>

Explanation:

<em>Remember, </em>in business law, as long as both parties did not sign a contractual document, the purchase is not legal.

In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.

Also, the fact that she quickly sent a telegram letting  Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.

7 0
2 years ago
Wally and Kim, a married couple with an average life expectancy, have a retirement budget of $6,000/month. While they are both a
tatuchka [14]

Answer: Card 5

Explanation:

3 0
2 years ago
Other questions:
  • Calculate the government purchases multiplier if the marginal propensity to consume equals 0.75, the tax rate is 0.2, and the ma
    7·1 answer
  • Imagine that you calculate the inflation rate of some economy using the CPI. You get that inflation in 2008 was 22.4%, in 2009 w
    8·1 answer
  • The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average and ending bal
    15·1 answer
  • Wee Be Irish produces authentic Irish gifts and clothing. Wee Be Irish uses a good deal of television advertising and sales prom
    11·1 answer
  • It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other p
    8·1 answer
  • A company has implemented Salesforce Service Cloud. The company needs Key Performance Indicators (KPIs) ensure that its customer
    9·1 answer
  • Company X sold one of its divisions for $15,000,000 at the end of 2018. At the time of sale, the division had a book value of $1
    7·1 answer
  • Whispering Corporation had income from continuing operations of $10,775,400 in 2020. During 2020, it disposed of its restaurant
    12·1 answer
  • how could the competition policy undo the wrongs of the past and make South Africa a better place?​Economics
    7·1 answer
  • Blossom Company purchased equipment for $303,200 on October 1, 2020. It is estimated that the equipment will have a useful life
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!