why might managers of firms selling tires be more concerned about their companies reputation than the managers of gas stations? (Check all that apply) A. A consumer can determine the characteristics of gasoline before purchase but not the quality or durability of tires, so the reputation of the firms selling tires is not important B. managers of the firm selling tires must be more concerned than managers of gas stations as reputation is more important to firms that sell experience and credence goods C. managers of the firms selling tires must be more concerned than managers of gas stations as reputation is more important to firms that sell inspection goods. D. A consumer can determine the characteristics of gasoline before purchase but not the quality or durability of tires so the reputation of the firms selling tires is important.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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why might managers of firms selling tires
be more concerned about their companies
reputation than the managers of gas
stations?
(Check all that apply)
A. A consumer can determine the
characteristics of gasoline before purchase
but not the quality or durability of tires, so
the reputation of the firms selling tires is
not important
B. managers of the firm selling tires must
be more concerned than managers of gas
stations as reputation is more important to
firms that sell experience and credence
goods
C. managers of the firms selling tires must
be more concerned than managers of gas
stations as reputation is more important to
firms that sell inspection goods.
D. A consumer can determine the
characteristics of gasoline before purchase
but not the quality or durability of tires so
the reputation of the firms selling tires is
important.
Transcribed Image Text:why might managers of firms selling tires be more concerned about their companies reputation than the managers of gas stations? (Check all that apply) A. A consumer can determine the characteristics of gasoline before purchase but not the quality or durability of tires, so the reputation of the firms selling tires is not important B. managers of the firm selling tires must be more concerned than managers of gas stations as reputation is more important to firms that sell experience and credence goods C. managers of the firms selling tires must be more concerned than managers of gas stations as reputation is more important to firms that sell inspection goods. D. A consumer can determine the characteristics of gasoline before purchase but not the quality or durability of tires so the reputation of the firms selling tires is important.
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