Business, 03.03.2020 00:01 iwannasleep

There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry. In the 1980s, more income for a household usually resulted in more Camrys being purchased. However, today more Toyota Camrys are purchased by households that have experienced a reduction in income. How could this happen? a. households have already purchased enough camry's so income has little impact. b. the camry becomes a normal good because the good is now perceived as lower in quality than a lexus. c. the camry becomes an inferior good because as consumers receive more purchasing power, they purchase more of the product. d. the camry becomes an inferior good because the good is now perceived as lower in quality than a lexus.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 08:10

The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness

Answers: 1

Answer

Business, 22.06.2019 19:10

You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.

Answers: 2

Answer

Business, 23.06.2019 01:50

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?

Answers: 3

Answer

Business, 23.06.2019 05:30

When conducting a swot analysis, information about turnover, profit margins, and staff quality can be used to identify:

Answers: 2

Answer

You know the right answer?

There are a number goods that over time, for a variety of reasons, transition from being a normal go...

Questions