Which is NOT the stage that customers go through in the process of adopting a new product?

Q: What is difference between goods and services?

A: Both goods and services are very important for the economy. The consumers purchase many products to…

Q: Economics What are two positive and negative externalities that would affect an online subscription…

A: The word "externality" is derived from the Latin word "externus," which means "outside" or…

Q: What elements are included in the definition of a product?

A: To meet consumer wants, any good service or idea can be classified as a product. Hence any physical…

Q: A customer says to a salesperson 'How much for that television?". What is this an example of? An…

A: The economics as a study is based upon the basic idea of the limit to the resources which are there…

Q: is it important to use packaging materials in storing your sandwich?why

A: Sandwich making necessitates a considerable bit of manual labor. Whether one is creating sandwiches…

Q: explain how opportinity cost affects consumer behacvior

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…

Q: Products with attributes that are significantly different from each other, which makes it difficult…

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…

Q: Analyze the effect of cosmetic industry in the economy of Pakistan? What are the effects of this…

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…