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- 1. provide an example of products purchased for a business where the risk of loss is on the seller. 2.provide an example where the risk of loss is on the buyer.Most transactions could be viewed as examples of asymmetric information since consumers typically have less information about a good or service than the producer. Because the consumer has less information than the producer, the consumer will tend to... Group of answer choices Buy more of the product than they would if they had all the information Buy less of the product than they would if they had all the information. Buy the same amount of the product that they would if they had all the information. Forgo all purchases and only buy goods and services when they have all the information about a product.Deborah Holwager, a concessionaire for the Amway Center in Orlando, has developed a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd) Alternatives States of Nature (size of crowd) Large Average Small Large Inventory Ave yge Inventory Smal Inventory $12,000 -51,000 $18,000 $15.000 $16,000 $4,000 $10,000 $5,000 Probabilities associated with the states of nature are 0.35 for a large crowd, 0.50 for an average crowd, and 0.15 for a small crowd. $6.000 a) The alternative that provides Deborah the greatest oxpected monetary value (EMV) is The EMV for this decision is s (enter your answer as a whole number).
- 4. Mostly customers try to buy products . (1 Point) of lowest value in comparison to their benefit of lowest value in comparison to their cost of highest value that meets their wants and needsPlease answer very soon will give rating surelySales volume in most retail sectors is strongly correlated with population. Group of answer choices True False Flag question:
- eBay is the largest online auction site. Sellers pay a small fee to list their items, which can be soldat a fixed price or auctioned. Generally, the auction lasts several days, and the bidders submitelectronics bids. After the auction closes, the highest bidder receives an email and gets threebusiness days to contact the seller. eBay provides ratings on buyers and sellers based on theirpositive and negative comments. eBay has set up policies to guard against ‘feedbackmanipulation’ and ‘feedback abuse.’ eBay encouraged buyers to pay through ‘PayPal’ and‘PayPal’ provides $2000 free insurance in case the buyer doesn’t receive the product or the qualityof the product is poorer than expected. eBay’s safety staff investigates alleged misuses at eBay,such as fraud, trading offenses, and illegally listed items. A potential resolution is banning a sellerfrom future trading on eBay. 1. eBay claims that they have minor problems with fraud and misuse of the system. Does thisapplication…You have been pricing Samsung-Galaxy SmartWatch in several stores. Three stores have the identical price of $600. Each store charges 12 percent APR, has a 30-day grace period, and sends out bills on the first of the month. On further investigation, you find that store A calculates the finance charge by using the average daily balance method, store B uses the adjusted balance method, and store C using the previous balance method. Assume you purchased the SmartWatch on May 5 and made a $100 payment on June 15. What will the finance charge for June be if you made your purchase from store A? From store B? From store C?37- Remember the bargain signaling theory from in-class exercise? This theory suggests that Group of answer choices retailers can keep on increasing prices as long as prices end in 9, without affecting sales there is strong evidence that sales actually do not go up when prices end in 9 consumers tend to focus on the right digits and round down 9 ending prices consumers perceive prices ending in 9 as especially good deals 38- Which of the following is NOT a benefit of physical retail stores to consumers? Group of answer choices products displayed can be personalized to each shopper enjoy the product right away receive personal service while shopping lower perceived risk of buying 39- Retailers like Walmart are rolling out self-service technologies (SST) such as the Pickup Towers at Walmart. Which of the service characteristics this technology alleviates first and foremost? Group of answer choices perishability indivisibility inseparability heterogeneity 40- An…
- 32.Fuller Paints shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offered a 10% price reduction. The price reduction is an example of a a. sales return b. sales discount c. sales allowance d. sales revenueWater prices are normally set according to the average cost of providing water Group of answer choices A. True B. False
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