Advertising can persuade consumers to pay higher prices for products that are well (one word) instead of purchasing unadvertised products with lower prices
Answers
Advertising can persuade consumers to pay higher prices for products that are well conveying information to the costumer instead of purchasing unadvertised products with lower prices.
Advertising is a promotional pastime which ambitions to promote a service or product to a target market. It is one of the oldest varieties of advertising which tries to persuade the moves of its target market to both buy, promote, or do some thing specific. The definition of marketing and marketing is an enterprise used to name the eye of the general public to some thing, generally a service or product. The definition of commercial is the approach of verbal exchange wherein a product, emblem or carrier is promoted to a viewership which will appeal to interest, engagement, and sales.
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Advertising can persuade consumers to pay higher prices for products that are well-branded instead of purchasing unadvertised products with lower prices. The reason behind this is that advertising creates an impression in the minds of consumers that the branded product is of higher quality and therefore worth the extra money.
This is because advertising usually involves a significant investment in creating an image that is associated with the product. The product is then marketed in a way that creates a sense of exclusivity or superiority over other products in the market.
Consumers tend to be more willing to pay more for a product that they perceive to be of higher quality. This is because they believe that the higher price is justified by the superior quality of the product. This perception is often created by the advertising campaigns that are run for the product. Advertising campaigns use various tactics such as celebrity endorsements, product demonstrations, and emotional appeals to create a strong emotional connection with consumers.
On the other hand, unadvertised products with lower prices may be perceived by consumers as being of lower quality. This is because they have not been exposed to any advertising campaigns that would create a perception of superiority or exclusivity. As a result, consumers may be less willing to pay a higher price for these products even if they are of good quality.
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Related Questions
Which function is used to inform, persuade, and remind potential
customers of a product or service?
Answers
Answer:
Promotional strategy
Explanation:
Promotion aims to stimulate demand for a company's goods or services. Promotional strategy is designed to inform, persuade, or remind target audiences about those products.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Advertising and marketing analytics, in-app analytics, and performance analytics are three popular types of ________ analytics.
Answers
Answer:
Mobile
Explanation:
Advertising and marketing analytics, in-app analytics, and performance analytics are three popular types of Mobile analytics.
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answers
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
Define one key area of your daily life that would benefit if you learned to communicate better. Explain in detail how that key area would improve with better communication.
Answers
Answer:
if I learned to communicate better I would have more patience
Explanation:
if I were to communicate better I would have more patience with people it would help me understand other people's thoughts feelings and needs as well if I communicated my own thoughts feelings and needs it builds better relationships
Ken loves to design things and put them together. He helped his dad build a
dog shed from scratch. Which of these marketing career paths would be best
for Ken?
OA. Product designer
OB. Web designer
O C. Market research analyst
OD. Public relations specialist
Answers
Answer:
OA. Product designer
Explanation:
He has the skill to build a project.so he can develop his skills and design products.
Answer:
product designer
Explanation:
bc i said so
The value of the next-best forgone alternative is the:.
Answers
The value of the next-best alternative that was foregone in making a decision is known as the Opportunity Cost.
What is Opportunity cost?It represents the cost of picking one alternative over another. It is the value of the payoff of the next best decision to the one you chose.In conclusion, opportunity costs represents the value of the alternative that you would have picked if you had not chose the alternative you went with.
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A decision to work closely with a limited number of suppliers for the purpose of ensuring that the proper materials are available at the optimal time is an example of:
Answers
A decision to work closely with a limited number of suppliers for the purpose of ensuring that the proper materials are available at the optimal time is an example of: an organizational cost driver, option C.
There are many distinct types of legal organisations, including corporations, governments, non-governmental organisations, political organisations, international organisations, military forces, nonprofits, for-profit companies, partnerships, cooperatives, and educational institutions, among others.
A hybrid organisation is one that concurrently generates commercial market activity in the public and private sectors while carrying out public duties.
A voluntary association is a company operated entirely by volunteers. Such organisations may be able to function without legal formalities depending on the jurisdiction, with a purpose in mind that they may express in the form of a manifesto, mission statement, or in an informal fashion that is reflected in what they do. Remember that every action a company takes, whether legal or unlawful, reflects its objectives.
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Complete question:
A decision to work closely with a limited number of suppliers for the purpose of ensuring that the proper materials are available at the optimal time is an example of
Select one:
A. a structural cost driver.
B. a batch level cost driver.
C. an organizational cost driver.
D. an activity cost driver.
Which statement is not true about the self-managed team approach?
1.These are work groups that supervise themselves
2.Some people do not have the skills to work in a self-managed team.
3.The team leader is not a team member.
4.Every team member learns from the other's job.
Answers
Answer:
3.The team leader is not a team member.
Explanation:
Given that a self-managed team is a type of team that has several employees whose roles are not limited to some specific responsibilities but also spread to other roles including the production of goods and services delivery.
Usually, the group plans and implement the plan themselves. Also, the team members work in synergy which makes them learn from one another including the team leader who is also part of the team.
Hence, in this case, the correct answer is "The team leader is not a team member."
at the end of a certain year, the four companies with the largest number of home internet users in the united states were microsoft, time warner, , and , with a combined audience of 284 million users. taking x to be the microsoft audience in millions, y the time warner audience in millions, z the audience in millions, and u the audience in millions, it was observed that
Answers
The missing value for total stockholders' equity is $120,000. This represents the residual interest in the assets of the company that belongs to the owners (stockholders) after the liabilities have been paid off.
Based on the given information in the image, we can calculate the missing value in the following way:
Total stockholders' equity = Total assets - Total liabilities
We are given that total assets = $300,000 and total liabilities = $180,000.
Substituting these values, we get:
Total stockholders' equity = $300,000 - $180,000 = $120,000
Therefore, the missing value for total stockholders' equity is $120,000.
The balance sheet equation is Assets = Liabilities + Stockholders' Equity. This equation reflects the fundamental accounting equation that must always balance.
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What are the elements of a Tort in Canada? Explain each
Answers
Tort in Canada is a civil wrong that can lead to legal liability, involving a breach of duty or wrongful act. The elements of a tort in Canada include duty, breach of duty, causation, and damages.
Tort in Canada is a legal wrong that leads to legal responsibility. A Tort is a wrongful act or breach of duty that leads to the legal responsibility of the wrongdoer to the victim or injured party. The elements of a Tort in Canada are as follows: Duty - A duty is an obligation to care or act in a certain way to protect the rights and interests of others.
Breach of Duty - Breach of duty is an act or omission that breaches the standard of care or the duty of care owed to the claimant. Causation - Causation refers to a cause-and-effect relationship between the defendant's act and the plaintiff's loss or injury. Damages - Damages are compensation that can be recovered by the plaintiff as a result of the defendant's wrongdoing.
This compensation may be for property damage, loss of earnings, and emotional distress, among others. To be a successful plaintiff in a tort claim, one must prove the existence of all the elements of a tort, including duty, breach of duty, causation, and damages. Failure to prove any of these elements would result in the plaintiff's unsuccessful claim.
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a major drawback to investing in treasury bills is that they cannot easily be liquidated. a. true b. false
Answers
This statement is false.
Explanation:
One of the main advantages of investing in Treasury bills is that they are highly liquid, meaning they can be easily bought or sold in the market before their maturity date. In fact, Treasury bills are one of the most liquid and easily tradable securities in the financial markets. This is because they are backed by the U.S. government, which makes them a safe and secure investment option. Therefore, investors can easily sell their Treasury bills in the secondary market to convert them into cash if needed, and this is one of the reasons why they are a popular choice for short-term investments.
What are some of the safety precautions that the workers must follow to avoid injury in the workplace? Which precautions are the worker's responsibility? Which precautions are the employer's responsibility?
Answers
one should use appropriate tool for the appropriate work
Risky Business Insurance Company insures business clients against unexpected disasters such as tornadoes and floods. The company operates in several regions in the U.S., and negotiates contracts following standard insurance industry guidelines. A strategic business guideline that the company would follow is
Answers
A strategic business guideline that the company would follow is: C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
What is insurance?Insurance can be defined as the coverage that help to cover expenses or cost incase of unforeseen or unexpected circumstances such as fire accident, theft etc.
Hence, the strategic business guideline that the company would follow is option C which stated that the company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
The missing options are:
A. The amount of loss should be equal to or less than a loss covered by a competitor company.
B. There should be documentation that clearly attests to the fact that the loss of buildings, equipment, and even lives is not measurable.
C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
D. All insurance companies that sell similar insurance would equally divide the number of claims, so as not to compete unfairly against each other.
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The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
Businesses want to produce better
products, at better prices, with
better service for customers. Which
of the following is true about
customers?
A. Customers want unlimited goods and resources
from businesses.
B. Businesses can provide unlimited goods and
services for customers.
C. Customers' needs will be satisfied by unlimited
resources.
Answers
Answer:
A
Explanation:
explain the difference between attachment and perfection in connection with a security interest, including why they are important.
Answers
Attachment establishes the enforceability of a security interest against the debtor, while perfection establishes the priority of the creditor's claim over other competing interests.
In the context of a security interest, attachment, and perfection are two distinct legal concepts that relate to the creation and enforcement of a creditor's rights over a debtor's collateral.
Attachment refers to the point at which a security interest becomes enforceable against the debtor and other third parties. It typically requires three elements: (1) an agreement or consent between the debtor and the creditor granting the security interest, (2) the creditor must give value to the debtor, and (3) the debtor must have rights in the collateral or the power to transfer rights to the collateral. Attachment ensures that the creditor has a valid claim over the collateral in case of default by the debtor.
Perfection, on the other hand, involves taking additional steps to establish the priority of the security interest over other competing claims or interests in the collateral. Perfection provides public notice of the creditor's claim, making it superior to the claims of subsequent creditors or parties acquiring an interest in the same collateral. Perfection is achieved by meeting certain legal requirements, such as filing a financing statement or taking possession of the collateral.
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2011/1/14 Paid wages 50,000
journal entry
Answers
Answer:
see below
Explanation:
Wages are business expenses. In the Double entry system, an increase in expenses is a debit entry.
When wagers are paid, cash available reduces. Cash is an asset account. A decrease in an asset account is a credit entry.
the Journal entry in the case will be
Wages A/C Dr $5000
Cash A/C Cr $5000
The federal national mortgage association was originally created for the primary purpose of:________
Answers
The Federal National Mortgage Association, commonly known as Fannie Mae, was originally created for the primary purpose of providing stability and liquidity to the mortgage market in the United States.
Fannie Mae was established in 1938 during the Great Depression as a government-sponsored enterprise (GSE). Its main objective was to facilitate the flow of funds into the housing market by purchasing and guaranteeing mortgages from lenders. By doing so, Fannie Mae aimed to increase the availability of affordable home loans for borrowers and promote homeownership.
The creation of Fannie Mae was a response to the economic challenges of the time, particularly the lack of available credit for homebuyers. By purchasing mortgages from lenders, Fannie Mae provided them with funds to originate new loans, which helped stimulate the housing market and promote economic recovery.
Over time, Fannie Mae's role expanded, and it became a major player in the secondary mortgage market. It continues to play a significant role in the mortgage industry by purchasing, securitizing, and guaranteeing mortgage loans, thereby providing liquidity and stability to the housing finance system.
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Your available wealth for investment is $900,000. Both the risk-free rate and your borrowing rate are 8%. The return on the risky portfolio is 16%. If you wish to earn a 22% return, you should __________.
Answers
If you wish to earn a 22% return, you should invest a portion of your wealth in the risky portfolio and borrow additional funds to invest.
To earn a 22% return, which is higher than the risk-free rate of 8%, you need to take on additional risk by investing in the risky portfolio. The return on the risky portfolio is given as 16%. By allocating a portion of your available wealth to the risky portfolio, you can benefit from the higher return potential.
However, since your available wealth is $900,000 and you wish to earn a return higher than 16%, you may not have sufficient funds to invest in the risky portfolio alone.
In such a scenario, you can consider borrowing additional funds at the borrowing rate of 8% to supplement your investment in the risky portfolio. This allows you to increase your investment capital and potentially achieve the desired 22% return.
By leveraging your available wealth and borrowing at the lower borrowing rate, you can increase your investment exposure and potentially earn a higher return than what would be achievable with your initial wealth alone.
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in performing a compilation of financial statements of a nonissuer, the accountant decides that modification of the standard report is not adequate to indicate deficiencies in the financial statements as a whole, and the client is not willing to correct the deficiencies. the accountant should therefore
Answers
In such a situation, the accountant should withdraw from the engagement or decline to issue a report on the financial statements.
When preparing financial statements for a nonissuer (an entity that doesn't publicly trade securities), accountants typically follow professional standards, which include issuing a standard report.
However, if the accountant determines that the financial statements have significant deficiencies that cannot be adequately addressed through modifications to the standard report, they must take appropriate action.
In this case, the accountant has concluded that the deficiencies in the financial statements as a whole cannot be adequately indicated through modifications to the standard report.
Additionally, the client is unwilling to correct these deficiencies. In such a scenario, the accountant is left with no other recourse but to withdraw from the engagement or decline to issue a report on the financial statements.
When deficiencies in financial statements cannot be adequately indicated through modifications to the standard report, and the client is unwilling to address those deficiencies, the accountant should exercise their professional judgment and choose to withdraw from the engagement or decline to issue a report.
This ensures the accountant's adherence to ethical and professional standards while maintaining the integrity and accuracy of the financial reporting process.
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the lumière brothers' most important contribution to the development of motion pictures was
Answers
The Lumière Brothers' most important contribution to the development of motion pictures was the invention and popularization of the Cinématographe, a combination camera, printer, and projector.
This device revolutionized the film industry by allowing movies to be recorded, copied, and projected for public viewing. The Cinématographe's portability and ease of use helped make motion pictures more accessible and popular, leading to the growth of the industry. This innovation allowed for the creation and exhibition of moving images on a large scale, paving the way for the growth of the film industry. Additionally, the Lumière Brothers were responsible for the production of hundreds of short films that showcased the possibilities of this new medium, further popularizing the art of cinema.
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The price of gas, which started at $2. 56 per gallon, increased at a rate of 4% per year.
Answers
The function would be: P(t) = \(2.56(1 + 0.04)^t\). The function that models the situation is P(t) = \(A(1 + r)^t\), where P(t) is the price of gas after t years, A is the initial price of $2.56 per gallon, and r is the rate of increase at 4% per year (expressed as a decimal).
The function P(t) = \(A(1 + r)^t\) is a mathematical model that describes how a value (in this case, the price of gas) changes over time. The variable t represents the number of years that have passed since the initial price of gas was $2.56 per gallon. The variable A represents that initial price, and the variable r represents the rate of increase, which is 4% per year in this case.
So the function would be: P(t) = \(2.56(1 + 0.04)^t\)
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The wearing away of the Earth's surface is called
Answers
Answer:
Erosion is the wearing away of the Earth's surface.
If stock A has a higher standard deviation of returns than stock B, which should have a higher expected return according to CAPM:
(i) Stock A
(ii) Stock B
(iii) Need further information
Answers
If stock A has a higher standard deviation of returns than stock B Need further information.
The Capital Asset Pricing Model (CAPM) considers both the expected return and the risk of an asset in determining its expected return. While standard deviation is a measure of risk, it is not the only factor considered in CAPM. The CAPM equation includes the risk-free rate, the beta coefficient, and the market risk premium.
To determine which stock should have a higher expected return according to CAPM, we need additional information such as the risk-free rate, the beta coefficients of the stocks, and the market risk premium. These factors are essential for calculating the expected return using the CAPM formula.
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On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
beginning inventory= $505,700
Cost of goods manufactured= $290,900
Ending inventory= $485,300
Net sales= $759,200.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 505,700 + 290,900 - 485,300
COGS= $311,300
Now, we can determine the gross profit:
Gross profit= net sales - COGS
Gross profit= 759,200 - 311,300
Gross profit= 447,900
refers to the buying and selling of products and services
through an electronic medium such as the internet
O E-commerce
O Money orders
O Telegraphic money transfers
M-money
Answers
Explanation:
E commerce refers to the buying and selling of products and services through an electronic medium such as the internet.
What's the answer I need help ASAP!!
Answers
Answer:
B
Explanation:
a group of drawings, known as a(n) ____________________, should contain enough information to enable a welder to produce the weldment.
Answers
A group of drawings known as a "welding symbol" or "welding specification" should contain enough information to enable a welder to produce the weldment.
To ensure accurate and consistent welding in a project, detailed instructions and specifications are essential. These instructions are typically communicated through a set of drawings, specifically a welding symbol or welding specification. This collection of drawings provides the necessary information and guidelines for welders to produce the desired weldment.
Welding symbols are standardized graphical representations used to depict welds on engineering drawings. They convey information such as the type of weld, size and length of the weld, location, and other critical details. These symbols are designed to be easily understood and interpreted by welders, allowing them to follow the specifications and produce welds that meet the required standards.
In addition to welding symbols, a welding specification provides comprehensive instructions for the welding process. It includes details on the materials to be welded, welding techniques, equipment requirements, and quality control measures. This specification ensures that welders have all the necessary information and guidelines to produce a weldment that meets the project's specifications and requirements.
By providing welders with a group of drawings in the form of welding symbols or welding specifications, the necessary information and instructions are conveyed clearly, enabling the welder to produce a weldment that meets the desired standards and specifications.
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What is the first element that should be considered in creating an advertisement? A. The cost
B. The appearance
C. The media format
D. The message
Answers
the answer is d; message.
The message is the first element that should be considered in creating an advertisement. The correct option is D. The advertiser must provide information on the product or service to be advertised as well as conduct a SWOT analysis of the company and the offering.
What is the purpose of the message?Communication can serve three functions: to inform, convince, or foster kindness. The first is to inform, where a message can be utilized to communicate normal, repetitive, everyday chores, instructions, codes, steps, and procedures in the workplace.
The essential elements of the advertising message The slogan, content, and images are the fundamental components of an advertising message. Storytelling, on the other hand, is just as effective. They become even more memorable if they are concluded with a convincing and passionate tagline.
Thus, the ideal selection is option D.
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