Given Data PA07-01: Mohave Corp. makes several varieties of beach umbrellas and accessories. It has been approached by a company called Lost Mine Industries about producing a special order for a custom umbrella called the Ultimate Shade (US). The special-order umbrellas with the Lost Mine Company logo would be distributed to participants at an upcoming convention sponsored by Lost Mine. Lost Mine has offered to buy 1.500 of the US umbrellas at a price of $11 each. Mohave currently has the excess capacity necessary to accept the offer. The following information is related to the production of the US umbrella: 1. Compute the incremental profit (or loss) from accepting the special order. 2. Should Mohave accept the special order? 3. Suppose that the special order had been to purchase 2,000 umbrellas for $9.00 each. Recompute the incremental profit (or loss) from accepting the special order under this scenario. 4. Assume that Mohave is operating at full capacity. Calculate the special-order price per unit at w Mohave would be indifferent between accepting or rejecting the special order. Student Name: Class: Problem 07-01 Requirement 1: Incremental revenue Incremental variable cost Incremental profit Requirement 2: Incremental revenue Incremental variable cost Incremental loss Requirement 4: (1) 38
Answers
Mohave Corp. should accept the special order of 1,500 umbrellas at $11 each.
The incremental profit is $1,500.
What would have made the difference in the special order?If the order had been for 2,000 umbrellas at $9 each, Mohave would incur a loss of $1,000. Mohave would be indifferent between accepting or rejecting the special order at a price of $38 per unit.
Incremental revenue: $18,000 (2,000 units * $9 per unit)
Incremental variable cost: $12,000 (2,000 units * $6 per unit)
Incremental loss: $6,000 ($18,000 - $12,000)
The incremental loss is negative, so Mohave should reject the special order.
Special-order price per unit at which Mohave would be indifferent between accepting or rejecting the special order: $38
This is the price at which the incremental revenue would equal the incremental variable cost.
Read more about incremental variable cost here:
https://brainly.com/question/30653545
#SPJ4
Related Questions
For a company like Chaparral Steel, why is a commitment to both its internal and external customers necessary
Answers
For a company like Chaparral Steel, a commitment to both its internal and external customers is necessary because it helps to build a strong and sustainable business.
The external customers are the customers who purchase goods or services from the company. A company that is committed to its external customers is one that is focused on delivering high-quality products and services that meet or exceed customer expectations.
This commitment to quality helps to build customer loyalty and drives sales, which is essential to the success of any business. The internal customers are the employees of the company. A company that is committed to its internal customers is one that values its employees and treats them with respect. This commitment to employees helps to build a positive work environment, fosters loyalty and commitment among employees, and improves productivity. A company that is committed to its internal customers also tends to attract and retain top talent, which is crucial to building a strong and sustainable business.
In short, a commitment to both internal and external customers is necessary for a company like Chaparral Steel because it helps to build a strong and sustainable business by driving sales, building customer loyalty, improving productivity, and attracting and retaining top talent. It also fosters a positive work environment, which is essential to the success of any business.
Learn more about sustainable business
https://brainly.com/question/29248326
#SPJ11
Besides pricing and issues directly related to costs, what are at least two other considerations you would need to think about before marketing a product in multiple countries?
Imagine you are a board game creator with a great new idea, but little business experience. What are some of the benefits you could get out of going to a board game conference or convention?
Craft a short (three or four sentence) sales pitch with you as the product—that is, some service you offer, or maybe selling yourself as an employee. To help create the message, imagine you happened to be entering an elevator the same time as the potential customer/client/employer. What could you say in the short time it takes to go between a few floors to convince them to “buy” what you are offering?
You are opening a store that sells children’s hiking gear, aimed especially at very small children (preschoolers). What kind of brand could help you increase sales? What kind of logo might you use? Who is, ultimately, your target audience?
60 IF you answer these questions ASAP
EXPLAIN YOUR ANSWERS
Answers
Answer:
Publicity, connections, promotion, tips, advice, business partners, investors, Offers.
Explanation:
Conventions and conferences for anything are always meant for meeting others like you. They are created for social connection.
Two considerations to think about before marketing a product in multiple countries are cultural differences and language barriers.
What is marketing?Marketing is the process of discovering, creating, and delivering value to a target market in the form of goods and services.
Cultural differences and language barriers are two factors to consider before marketing a product in multiple countries.
Different cultures have different values, customs, and preferences, which can influence how products are perceived and used.
Attending a board game conference or convention could provide several advantages as a board game creator with little business experience.
These events allow you to network with other game designers, publishers, and distributors while also showcasing your game to potential customers.
A brand that promotes outdoor exploration and adventure for young children could help increase sales for a store that sells children's hiking gear aimed at preschoolers.
Thus, this can be concluded regarding the given scenario.
For more details regarding marketing, visit:
https://brainly.com/question/13414268
#SPJ3
according to appendix a: documenting your sources, which of the following material should always be documented?
Answers
In general, all content material that has been published or is protected by copyright must be cited. This includes any summaries, quotations, or paraphrases.
What types of materials shouldn't be recorded?
There are some things that do not require verification or credit, such as writing about your own personal experiences, views, ideas, and conclusions about a topic.
What are materials that are documented?
Any communicable material (such as text, video, audio, CD, DVD, etc., or combinations thereof) that can be used to explain some characteristics of a thing, system, or technique is considered documentation.
What two kinds of documentation can you find in a paper with sources?
Note citations and parenthetical citations are the two types of documentation used in research the most frequently.
To know more about material visit:-
https://brainly.com/question/13376768
#SPJ4
explanation of what’s happening
please help, due tonight
Answers
Answer:
what is this there is nothing to answer
Explanation:
2. Marcus Gardner is buying a new computer
for $1,299.50. He made a 12% down pay-
ment. How much money did he put down?
A $155.94
B $120.00
C $212.84
D $420.50
(Step by step ) plz
Answers
Answer:
A $155.94
Explanation:
A down payment is an initial payment that is paid cash to the buyer. It is the same as the deposit. Marcus must have been buying the compute of credit. The down payment or deposit shows that the customer is serious about buying the item.
The deposit that Marcus paid is 12%.
The cost of the new computer is $1,229.50
The deposit will be 12% of $1,229.50
=12/100 x $1,229.50
=0.12 x $ 1,229.50
=$155.94
Answer F for thumbs up Total Variable Fixed Sales price $20/unit Direct materials used $95,850 Direct labor $95,000 Manufacturing overhead $133,600 $13,900 $119,700 Selling and administrative expense
Answers
Calculation of total cost:Direct material used: $95,850Direct labor: $95,000Manufacturing overheads: $133,600Selling and administrative expense: $13,900 + $119,700= $133,600 + $133,600= $267,200.Total cost = Direct material used + Direct labor + Manufacturing overheads + Selling and administrative expense= $95,850 + $95,000 + $133,600 + $267,200= $591,650
In the given question, the total variable, fixed sales price, direct materials used, direct labor, manufacturing overhead, and selling and administrative expenses are given. The first step to calculate the total cost is to find out the sum of all these expenses. This sum will provide us with the total cost of the product. Therefore, the calculation of the total cost is given below:Direct material used: $95,850Direct labor: $95,000Manufacturing overheads: $133,600Selling and administrative expense: $13,900 + $119,700= $133,600 + $133,600= $267,200.Total cost = Direct material used + Direct labor + Manufacturing overheads + Selling and administrative expense= $95,850 + $95,000 + $133,600 + $267,200= $591,650.To find the profit of the company, we have to subtract the total cost of the product from the selling price. The selling price is given in the question as $20 per unit. Therefore, the profit calculation is given below:Profit = Selling price - Total cost= $20 - $591,650= -$591,630Since the result of the profit calculation is negative, it means that the company is not making any profit, instead it is bearing a loss of $591,630. This information can be used by the company to make important business decisions and improve its profitability.
In conclusion, the total cost of the product is calculated by adding up the direct material used, direct labor, manufacturing overhead, and selling and administrative expense. The calculation of the total cost is $591,650. The profit calculation is done by subtracting the total cost from the selling price, which is $20 per unit. The result of the profit calculation is negative, which means that the company is bearing a loss of $591,630.
To know more about total cost visit:
brainly.com/question/17017879
#SPJ11
List and describe 5 characteristics of “Wise Money Manager”?
Answers
Explanation:
Wise money managers get the most from their limited incomes through careful planning, saving, and spending. They set goals, make wise decisions, buy wisely, and live within their incomes.
On March 5 PV Inc purchased $3,300 worth of merchandise from Panther Supply with the terms 2/10,n/30 On March 14, PV Inc paid Panther Supply the amount owed less the discount. Show the journal entry for March 5 and March 14 a
Answers
What is meant by core competency?
Answers
along the aggregate supply curve group of answer choices the horizontal part represents a situation where the economy is operating above full employment levels. the horizontal section of the aggregate supply curve represents the limit of production. inflation would be a primary concern along the horizontal part of the aggregate supply curve. the middle, upward-sloping part of the aggregate supply curve would be associated with a growing economy that experienced increased prices from resources that are becoming relatively scarce.
Answers
The correct answer is: (D) The middle, upward-sloping part of the aggregate supply curve would be associated with a growing economy that experienced increased prices from resources that are becoming relatively scarce.
The aggregate supply curve shows the total amount of goods and services that firms are willing to supply at different price levels. The middle, upward-sloping part of the curve represents a situation where the economy is operating below its full employment level, but with an increasing level of output.
As output expands, resources become relatively scarce, which leads to increasing costs and prices. This section of the curve is also known as the "sticky" or "sluggish" region, where it takes time for firms to adjust their prices to changes in the demand for their goods and services.
Learn more about the aggregate supply curve
https://brainly.com/question/14020407
#SPJ4
Full Question: along the aggregate supply curve group of answer choices
the horizontal part represents a situation where the economy is operating above full employment levels.the horizontal section of the aggregate supply curve represents the limit of production. inflation would be a primary concern along the horizontal part of the aggregate supply curve. the middle, upward-sloping part of the aggregate supply curve would be associated with a growing economy that experienced increased prices from resources that are becoming relatively scarce.which of the following are reasons the united states is considered currency area? check all that apply. flexibility of prices and wages independent monetary and fiscal policies labor mobility wage rigidity
Answers
The reasons the United States is considered a currency area are:
Flexibility of prices and wagesIndependent monetary and fiscal policiesLabor mobilityIn economics, a currency area is a geographical region where the same currency is used. Countries such as the United States, Canada, and the Eurozone countries are examples of currency areas. As a result of the flexibility of prices and wages, independent monetary and fiscal policies, and labor mobility, the United States is considered a currency area.
We proceed to analyze the aforementioned reasons:
Flexibility of prices and wages: Prices and wages are adaptable in response to changes in supply and demand in the economy. When supply is high, prices will decrease, while when demand is high, prices will rise. Wages will also adjust depending on the level of skill, education, and demand in the labor market.Independent monetary and fiscal policies: The US government has the power to make monetary and fiscal policies, which allows it to respond to economic crises and fluctuations. The Federal Reserve is responsible for managing monetary policy, while the government is responsible for fiscal policy.Labor mobility: The ability of labor to move freely across the country is critical to the functioning of a currency area. Workers will move to areas with higher-paying jobs or greater opportunities, and companies will relocate to areas with lower costs or better infrastructure.See more about currency area at https://brainly.com/question/29554629.
#SPJ11
The insurance policy provided by darrell's company has a $1,000 deductible and a 20% co-pay. How much will he have to pay for elbow surgery that will cost $9,000?.
Answers
Darrell will have to pay $2,600. Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
The company pools clients' risks to make payments more affordable for the insured. Types of insurance include health, auto, life, homeowners, and liability insurance, among others. It is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
Tto calculate the amount that Darrell will have to pay for the elbow surgery:
First, there is a $1,000 deductible that he will have to pay.
Next, we need to calculate the remaining cost after the deductible is subtracted. So, $9,000 (total cost of surgery) - $1,000 (deductible) = $8,000
Next, we need to calculate the co-pay amount, which is 20% of the remaining cost. So, 20% * $8,000 = $1,600
Finally, we add the deductible amount and the co-pay amount to get the total amount that Darrell will have to pay. So, $1,000 (deductible) + $1,600 (co-pay) = $2,600
Learn more about insurance, here https://brainly.com/question/27822778
#SPJ4
Why does the definition of PR and PR management vary significantly from one organisation and service provider to the next?
Answers
In order to maintain or enhance a company's reputation in the media and with the general public, a public relations manager is responsible for planning and managing the creation of content.
How are business and public relations related?The value of public relations. It can increase revenue, is a crucial part of managing your brand, and promotes relationships with customers. Additionally, PR can assist you in minimizing the consequences of a disaster or in seizing unanticipated economic opportunities.
How does PR impact a business?In order to attract new personnel, PR can assist you improve the perception of your business among potential employees. The mood of your current staff may also improve as a result.
To know more about PR and PR management visit:
https://brainly.com/question/29468457
#SPJ4
the navy gets some negative past performance information from the marine corps about a defense contractor
Answers
If the navy receives negative past performance information from the marine corps about a defense contractor, it can affect the contractor's chances of winning a contract award in the future.
When it comes to awarding contracts, the government considers the past performance of the contractor to determine whether they are qualified to execute the contract.
A defense contractor must meet certain qualifications before being awarded a contract. The contractor must have adequate financial resources, the capability to perform the work required, and a satisfactory past performance.
Negative past performance information, such as breaches of contract or poor-quality work, can result in a contractor being disqualified from a contract award or receiving a lower score during the evaluation process.
As a result, defense contractors must ensure that they perform high-quality work on previous contracts to improve their chances of receiving future awards.
The marine corps may have provided negative past performance information about the defense contractor to the navy, and this information will be taken into account when evaluating the contractor's past performance.
To know more about navy visit:
https://brainly.com/question/11312192
#SPJ11
True or false: In a business setting, emails will always get read, even if they are hard to read. True false question. True False
Answers
i think this is true im not sure
Macrosoft Company reports net income of $72,000. The accounting records reveal depreciation expense of $87,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $67,000, $10,000, and $21,500, respectively Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
Answers
Net cash provided by operating activities is $123,500. To prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method, we need to start with the company's net income.
And adjust for any non-cash expenses and changes in current assets and liabilities. Here's how to do it:
Operating Activities: Net Income: $72,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Expense: $87,000 Increase in Prepaid Rent: ($67,000) (prepaid rent is an asset and increase in asset is a cash outflow) Increase in Accounts Payable: $10,000 (increase in liability is a cash inflow) Increase in Income Tax Payable: $21,500 (increase in liability is a cash inflow)
Net cash provided by operating activities: $123,500 (Net Income + Depreciation Expense + Increase in Prepaid Rent - Increase in Accounts Payable + Increase in Income Tax Payable)
Learn more about liabilities here:
https://brainly.com/question/18484315
#SPJ11
Which has the rate of on-the-job injuries in increasing order?
state and federal prisons, county jails
county jails, state and federal prisons
state prisons, county jails, federal prisons
federal prisons, county jails, state prisons
Answers
Answer:
the correct answer is "A"!!!!
Explanation:
"state and federal prisons, county jails" is the correct answer because...
The rate of on-the-job injuries is increasing order is state and federal prisons, and county jails. Thus the correct option is A.
What are on-the-job injuries?When any injury or accident took place with an individual when they are working at the workplace. this is called a job injury. The organization is responsible for the treatment of On the job injury.
Federal prisons are the most dangerous workplaces, and as a result, they have a greater percentage of on-the-job injuries than state prisons, county jails, or even county jails alone.
Workers in the federal corrections system run the danger of getting hurt or ill, which could lead to their needing a federal disability retirement due to high medical treatment.
Therefore, option A is appropriate.
Learn more about on-the-job injuries, here:
https://brainly.com/question/9544294
#SPJ6
Two parties fail to solve an externality problem because reaching an agreement requires high-priced lawyers to negotiate and write up contracts. This illustrates the problem of:
Answers
The problem illustrated in this scenario is known as transaction costs. Transaction costs refer to the expenses that arise from negotiating and enforcing contracts between two parties.
In this case, the high-priced lawyers needed to negotiate and write up contracts are a significant transaction cost that makes it difficult for the parties to reach an agreement. Transaction costs can sometimes prevent parties from resolving an externality problem, even when a mutually beneficial solution exists.
This is because the costs of negotiating and enforcing contracts can be prohibitively high, reducing the incentives for parties to engage in negotiations and reach an agreement.
To know more about transaction costs, refer to the link:
https://brainly.com/question/31801731#
#SPJ11
Which of the following is not one of the potential responses to a specific risk event?
A. Sharing
B. Transferring
C. Ignoring
D. Mitigating
E. Retaining
Answers
Ignoring is not one of the potential responses to a specific risk event.
What is specific risk?For investors, specific risks are hazards specific to a particular company, industry, or sector. This is the opposite of general market risk or systematic risk. Certain risks are also known as non-systematic or diversifiable risks.Specific risk is the risk that an event will occur that directly or indirectly affects the market value of an asset or a particular group of assets. Rumors of raw silicon shortages, for example, are a particular risk computer and tech stocks are exposed to. Examples include news specific to a stock or group of companies, such as the loss of a patent or a major natural disaster affecting corporate operations. Unlike systematic or market risks, certain risks can be diversified.To learn more about specific risk from the given link :
https://brainly.com/question/29858744
#SPJ4
*entrepreneurship*
why it is important to adapt to the sudden changes in
your environment?
Answers
Because if your mining company gets flooded and you can't mine for a few years you have to be able to find new mines or sell you equipment, or even the mine it's self.
-A mine not producing, is a mine that's losing.
You can apply this to almost anything, but it's most prominent in evolution and Business. in Evolution you die, and in business, if you company is losing money it will die so you have to adapt to sudden changes to avoid imminent death.
Hope this helps.
-Trey Tucker
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
Every one clock this now please!
In your opinion who is better?
Technoblade
Ranboo
Dream
You will get brainlynest if you guess which is my favorite! :)
Answers
Answer:
ranboo he's so unproblematic and he's so funny
Explanation:
Answer:
I personaly like Tommyinnit, but from the list i like Dream.
Explanation: I think you like Ranboo.
Why do consumer advocates advise against using alternative financial services?.
Answers
Consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
What is a financial service?It should be noted that a financial service simply means a wide range of activities such as banking, insurance and investing.
In this case, consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
Learn more about financial services on:
https://brainly.com/question/1357912
A target market is a group of customers that a business decides to aim its marketing efforts and ultimately its products on.
True
False
Answers
A target market being a group of customers that a business
decides to aim its marketing efforts and ultimately its
products on is True.
What are Products?These are the goods and services a company offers to the
public in order to take care of certain problems and also ensure
that profit is made in the organization.
Target market are the group of people in which the products
are made for. For example, a sanitary pad's target market is
females.
Read more about Target market here https://brainly.com/question/1327500
true
Explanation:
noballs
Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.20 hours per unit. The variable overhead rate standard is $9.30 per hour. In January the company produced 4,550 units using 960 direct labor-hours. The actual variable overhead rate was $9.20 per hour.
The variable overhead efficiency variance for January is:
Answers
The variable overhead efficiency variance for January is $91 in Favour. Variable overhead rate variance is equal to the difference between the standard and actual rates.
As a result, we have:
Favourable variable overhead rate variance = ($8.00 - $7.90) * 910
Because the standard variable overhead rate is higher than the actual variable overhead rate, it is said that the variable overhead rate variance is favourable.
Budgeting for Variable Overhead Variance is the difference between the predicted cost and the actual cost of variable production overheads for a certain period of time. Manpower or machine hours are typically used to illustrate standard variable overhead rates.
To know more about variable overhead please check the following link
https://brainly.com/question/16750795
#SPJ4
the phase of the business cycle in which real gdp declines is called: group of answer choices a recession. the trough. an expansion. the peak.
Answers
The correct answer is "a recession." The phase of the business cycle in which real GDP declines is referred to as a recession.
During a recession, economic activity contracts, leading to a decrease in output, employment, and income. It is characterized by a sustained period of economic decline and is typically accompanied by factors such as reduced consumer spending, decreased investment, and a slowdown in business activity. The opposite phase, in which real GDP increases, is called an expansion. The trough represents the lowest point of the recession, while the peak is the highest point of the expansion.
learn more about:- GDP here
https://brainly.com/question/30504843
#SPJ11
Task 5 Direction: Prepare the following task: 1. Using the money management process, you are to prepare a list of the four stages in the cycle: Earning, spending, saving, and investing. Follow the instructions below then answer the succeeding questions. A. Identify your sources of funds, for example: allowance coming from your parents, etc. B. List down all necessary expenditures. C. Determine if you have excess funds available for savings and investment. 2. Prepare your personal budget plan for the week. Use the format below: Earning: Allowance / Other Funds Received Less: Expenditures (list down below) Excess/Shortage
Answers
Wealth accumulation, wealth growth and management, wealth preservation, and wealth distribution are the four stages that make up the financial life cycle.
What is money management?
Budgeting, investing, spending, and other methods of controlling how much money a person or organization uses are all considered parts of money management. The phrase can also be used more specifically to describe portfolio management and investment management.
A money management program's main goal is to provide you complete control over your financial decisions, future savings targets, and ability to build your own lifestyle. Plan your savings so that it fits your preferred lifestyle while also keeping your longer-term financial objectives in mind.
To maximize your financial resources, follow these three simple steps: First, make a budget. Create a savings plan, second. Third, pay off your debts.
To learn more on money management :
https://brainly.com/question/30515454
#SPJ4
A website such as Lucky Brand can target each of the following with remarketing, except Group of answer choices everyone that has visited any page on Lucky Brand's website anyone who has visited only Lucky Brand's homepage visitors to the Lucky Brand site who did not make a purchase visitors to Lucky Brand who have also visited a competing brand
Answers
Answer: visitors to Lucky Brand who have also visited a competing brand
Explanation:
Remarketing us an online targeted advertising whereby customers are targeted based on the previous internet behaviour that they had. It's done in order for a company to be able to connect with the people who have interacted previously with the company's website.
Remarketing can be used to target everyone that has visited any page on Lucky Brand's website, people who visited only Lucky Brand's homepage and the visitors to the Lucky Brand site who did not make a purchase.
It should be noted that it can't be used to target visitors to Lucky Brand who have also visited a competing brand.
PLEASE HELP!!!!!
Making a Purchase
1. Identify a consumer want or need for you or your family.
2. Explain which consumer strategies you will use to find the product or service that will best meet this want or need and why you have chosen them.
3. Describe each stage of the buying process for this item.
4. Identify the federal and/or local consumer protection agency that is best equipped to handle any potential consumer complaint that results from this purchase and explain how this agency could help you
Answers
Answer:
Consumer Want or Need: My family wants to purchase a new refrigerator because our current one is old and does not function properly.
Consumer Strategies: To find the best product to meet our need, we will use several consumer strategies, including:
a
b. Store Visits: We will visit different appliance stores to see the refrigerators in person and ask questions from the sales representatives. This strategy will help us assess the physical features and functionalities of the refrigerators and enable us to make informed decisions.
c. Recommendations: We will ask for recommendations from friends and family who have purchased refrigerators recently. This strategy will help us gain valuable insights and advice from people we trust.
Buying Process:
a. Need Recognition: The need recognition stage involves identifying the problem or need that the refrigerator will address. In this case, our old refrigerator is no longer functioning correctly.
b. Information Search: During this stage, we will use the consumer strategies mentioned above to gather information about the different types of refrigerators available, their features, and prices.
c. Evaluation of Alternatives: We will compare the features and prices of the refrigerators we have researched and visited in person to evaluate the alternatives that best meet our needs.
d. Purchase Decision: Once we have evaluated the alternatives, we will make a purchase decision based on our evaluation criteria, including quality, price, and availability.
e. Post-Purchase Evaluation: After purchasing the refrigerator, we will assess its performance to ensure that it meets our expectations.
Consumer Protection Agency: In case of any potential consumer complaint resulting from this purchase, the best-equipped federal agency to handle the issue is the Federal Trade Commission (FTC). The FTC is responsible for protecting consumers from fraudulent, deceptive, and unfair business practices. In the event of a dispute, the FTC could help us file a complaint against the manufacturer or retailer and take appropriate action to resolve the issue. The FTC can also provide valuable advice on consumer rights and protections. Locally, we may also contact our state Attorney General's office, which has similar functions and responsibilities for consumer protection.
Explanation:
This answer explains how to identify a consumer's want or need, the strategies to find the best product or service, the stages of the buying process, and the appropriate consumer protection agency.
Explanation:Consumer Want or Need: An example of a consumer want or need for my family is a new laptop.
Consumer Strategies: To find the best laptop, I would use consumer strategies such as conducting online research, reading reviews, comparing prices and specifications, and seeking recommendations from friends or experts.
Stages of the Buying Process: The stages of the buying process for a laptop would include problem recognition (realizing the need for a new laptop), information search (researching different brands and models), evaluation of alternatives (comparing features, prices, and warranties), purchase decision (selecting and buying the chosen laptop), and post-purchase evaluation (assessing the laptop's performance and satisfaction).
Consumer Protection Agency: In the United States, the Federal Trade Commission (FTC) is the federal consumer protection agency that can handle potential consumer complaints resulting from this laptop purchase. The FTC can investigate deceptive or unfair business practices, provide educational resources, and take legal action if needed.
Learn more about Consumer want or need here:https://brainly.com/question/33511371
#SPJ11
1.4 Why is Canada considered to have a branch-plant economy?
Answers
Answer:
Manufacturing companies set up branch plants to serve the Canadian market, thereby avoiding high freight costs and import duties.
Explanation:
hope it will help you have a great day bye and Mark brainlist if the answer is correct
\(kai6417\)