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- Identify the appropriate type of relationship among the use cases shown in below figure: Cheok Client's Credit History Authorize Car Loan generalization O include association polymorphism extendWhen consumers believe only an infinite supply of a product exists, the perceived value of the product might increase. * True O False1. 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.NoneeBay 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…
- 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 revenueAn entity sells goods with a warranty covering customers for the cost of repairs of any defects that are discovered within the first two months after purchase. Past experience suggests that 80% of the goods sold will have no defects, 15% will have minor defects and 5% will have major defects. If minor defects were detected in all products sold the cost of repairs would be €30,000; if major defects were detected in all products sold, the cost would be €150,000. What amount of provision should be made?I need both a) and b) answers i will give upvotes no chatgpt answer
- All would results to business risk, except. Changes in customers preferences Stiff Competition Continuous innovation Unavailability of raw materials------------- in a purchase is often high for expensive products , since the consequences of making the wrong decisions can be significant . a) perceived dissonance b) the opportunity cost C) involvement C)negative value D) temporal cost If we don't have a ----------, it will be difficult to determine to what extend the pattern of results we find in the sample is also true to the entire population. a)staggered sample b) snowball sample c) refined sample c)population based sample d) probability sampleA heavy truck parts maker is able to tender on a pre-production study contract of a new type of truck ventilator unit worth $25,000 net profit if it wins the contract. Tendering costs would be about $2,000. The chances of winning the contract are 50 percent. If the company wins the contract, it must decide on the level of marketing it should make to increase its chances of getting further production contract worth $55,000 net profit. Promotion at a high level costs $18,000 with a resulting probability of winning the contract of 0.8. At medium level promotion, it costs $12,000 with a probability of 75 percent and at a low level, it costs $8,000 with a probability of 60 percent. Should the initial study contract be lost, the company can still bid on the production contract at an additional tender cost of $6,000. The probability of winning the production contract from this stage is 30 percent. a) Draw a decision tree to show the relationship between the various options which arise as the…
