There is value in evaluating the products you buy out of habit because you may find that you have been (a) paying more than you need to pay (b) buying goods that are not useful to you (c) buying products that are of lower quality (d) buying products that are obsolete

Q: How do customer service, warranty policies, and otherpost-sales elements affect the customer…

A: Companies that assist with the installation process (such as computer software), maintain products…

Q: Outline arguments you would make to your family and friends for why they should buy shade-grown,…

A: The cocoa and coffee are the products which are more of the high-income people drink or people of…

Q: Pick three products you use every day (in school, at work, or for pleasure—perhaps one of each).…

A:

Q: Sale on iPhone affects Galaxy Phones Analyze Galaxy Phone

A: previously the market of phones were dominated by Nokia and Motorola but currently the market of…

Q: How would the equilibrium quantity and price of smartphones be altered if the prices of their…

A: Equilibrium refers to a scenario in the market at which the demand is equal to the supply. It is the…

Q: one factor EACH that you think influences demand and supply for milk.

A: The factors that effect the demand of milk.  1) Price of the coffee and tea powders:  If the price…

Q: What factors commonly influence a person’s daily buying choices? Select one of these and explain how…

A: These are the factors which influence a person’s daily buying choices: The income of the consumer:…

Q: Can a company like Priceline.com sell low-priced items such as groceries and telephone calls?

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: If the demand for milk is downward sloping, then an increase in the price of milk will result in…

A: Microeconomics studies the economic behavior of individual units such as a market, a firm, a…

Q: Contrast similarities and differences between the two classification for goods and services

A: A market is a place or environment where buyers and sellers come together to exchange goods and…

Q: Suppose we know that the price elasticity of demand for organic carrotsis −1.5. If a grocer…

A: The objective of this question is to determine the expected change in the quantity of organic…

Q: What kind of relationship exist between income and demand of inferior good? (a) Direct (b) Inverse…

A: Inferior goods are those goods whose demand falls with the rise in income and demand rise with the…

Q: Are airline tickets more expensive a few months before the flight or one day or several hours before…

A: It isn't kind of rule to mention but the air tickets when booked few month before the flight tends…

Q: Corelation of purchasing ability of consumers and pricing system provide a case study

A: Pricing refers to the process of determining the monetary value of a product or service that a…

Q: Would you call your refrigerator a comfort or a necessity?

A: Necessity commodities are those products and services that customers can purchase regardless of…

Q: C. Referencing any THREE (3) basic needs of customers, describe how customer service personnel can…

A: A customer need is a compelling reason for a consumer to buy a product or service. The customer's…

Q: Refer to the three demand curves for coffee and assume that coffee is a normal good. Which of the…

A: The demand curve shifts due to the change in the factors other than price. If the price of the good…

Q: 1. Explain the decisions taken for an individual product.

A: When making decisions for a personal product, several factors have to be considered, consisting of:-

Q: It is a set of those combination of two goods which offer the consumer the same level of…

A: It is the Indifference set which act as an combination of the two goods which actually offers the…

Q: Sources of information available to a buyer when seeking information about potential sources of…

A: A basic economic concept called supply refers to the total amount of a particular good or service…

Q: Which shifter,increase or decrease,drawing,change in price,change in quantity

A: Incraese in the price of gasoline will decrease the demand for gasoline. Demand curve will shift…

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: How does a consumer determine how much of a good he or she will buy?

A: Here we need to find the amount of a good that he or she will buy :  Now, As we know that, The…

Q: Write a few sentences from the viewpoint of a first-time buyer when home appliances became available…

A: In the 1920s, there was the opening of new possibilities of mobility for a large % of the population…

Q: human want or need is called A. Service B. Demand C. Utility

A: So all the actual aspirations and the basic desires of the human are totally known as the human…

Q: What kind of relationship exist between demand for a good and price of its substitute goods? (a)…

A: Substitute goods are the pair of goods which have similar properties and thus can be used at place…

Q: What are your three choices for reducing the amount of time spent waiting in traffic? What…

A: as an rational consumer or human beings the use of resources we should prefer in efficient and…

Q: Discuss the relationship of price to consumerperceptions of quality.

A: Customer perception is important in many areas, including customer understanding, communications and…

Q: Price (dollars per CD-R 2 Do Qo Q₁ Quantity (CD-Rs per week) Write an example of your choice that…

A: Write an example of your choice that would fit to the  figure above.

Q: Price (dollars per CD-RI Po Do Di Qo Q₁ Quantity (CD-Rs per week) Write an example of your choice…

A: Here we are given the market of CD-R. Where we have the demand for CD-R and the supply of CD-R. And…

Q: If a market is price sensitive, then ______ (i) lower priced products sell better than the higher…

A: Price sensitive means the demand is highly depended on price. Demand is high, when price is low. But…

Q: a full explanation about perceived enjoyment

A: Enjoyment is basically the pleasure that people get from the various activities they perform in…

Q: What is the right amount of variety? Can there be too many varieties of shoes?

A: The monopolistic competitive markets sell differentiated good and this concept of the differentiated…

Q: . Factor which affects market demand but not individual demand can be: (a) Number of consumers in…

A: # Individual demand refers to the concept based on microeconomics whereby we study the demand of a…

Q: With respect to consumer behavior, one's attitudes, learning, and perceptions would be O…

A: Consumer behavior refers to a behavior of a consumer while taking an economic decision that shows…

Q: Answer in a paragraph- What are the various factors that affect your purchase process when you buy…

A: When purchasing shampoo, my decision-making process is a multifaceted one that considers various…

Q: Value perceptions play an important role in the products that consumers purchase. Value equals…

A: Value perception refers to how consumers subjectively assess the worth, usefulness, or desirability…