These results have been replicated in many similar studies. As Jonah Lehrer tells us: "According to Shiv, a kind of placebo effect is at work. Since we expect cheaper goods to be less effective, they generally are less effective, even if they are identical to more expensive products. This is why brand-name aspirin works better than generic aspirin and why Coke tastes better than cheaper colas, even if most consumers can't tell the difference in blind taste tests." 2 Discuss the implications of this research in marketing and pricing.

Answers

Answer 1

Answer:

The implications of the research in marketing and pricing is that the low cost of a product or service should not be perceived as low quality of the good or service been offered

Explanation:

Lower priced goods are generally perceived by consumers to be of low quality, and this is simply because consumers expect goods produced using high quality materials are generally supposed to be expensive this perception is wrong because many factors play a big role in the pricing of goods and services in the market such as : Demand and supply , Availability of labor and raw materials and also the use of low-pricing strategy by companies to corner the market .

The implications of the research in marketing and pricing is that the low cost of a product or service should not be perceived as low quality of the good or service been offered


Related Questions

what are the two advantages and two disadvantages in breakevean analysis​

Answers

Answer:

Look at the explanation

Explanation:

Advantages:

1. Measure profit and losses at different levels of production and sales.

2. Predict the effect of cost and efficiency changes on profitability.

Disadvantages:

1. Assumes that sales prices are constant at all levels of output

2. Break even charts may be time consuming to prepare.

Hope this helps! :)

On July 1 of the current year, Bertram acquired a 25 percent interest in Sycamore Company, a partnership, by contributing property with an adjusted basis of $7,000 and a fair market value of $12,000. The property was subject to a mortgage of $8,000, which was assumed by Sycamore Company. What is Bertram's basis in his partnership interest in Sycamore Company immediately after the partnership contribution?a.$12,000b.$1,000c.$7,000d.$0e.None of these choices are correct2-Phil and Bill each own a 50 percent interest in P&B Interests. P&B Interests has ordinary income for the year of $35,000 before guaranteed payments to Phil. If Phil receives guaranteed payments of $20,000 during the tax year, what is the total income or loss that should be reported by Bill from the partnership for this tax year?a.$7,500 incomeb.$25,000 incomec.$5,000 incomed.$30,000 incomee.None of these choices are correct.3-Jamie decides to contribute cash and property to a partnership she and her friends started. She contributes a building worth $260,000 that has an adjusted basis of $100,000 and she also contributes $40,000 in cash. What is her basis in the partnership?a.$300,000b.$100,000c.$140,000d.$260,000e.None of these choices are correct.

Answers

Answer: See explanation

Explanation:

A. What is Bertram's basis in his partnership interest in Sycamore Company immediately after the partnership contribution?

= Bertram share % × (Fair market value - Mortgage)

= 25% × ($12000 - $8000).

= 25% × $4000

= 0.25 × $4000

= $1000

2. The total income or loss that should be reported by Bill from the partnership for this tax year will be:

= 50% × ($35000 - $20000)

= 50% × $15000

= $7500

3. Jamie basis in the partnership will be:

Building = $260000

Add: Cash contribution = $40000

Total = $300000

Other things constant, an increase in the real GDP of a country will _____
a. shift the demand for money curve leftward.
b. decrease the nominal interest rate.
c. increase the price level.
d. decrease the quantity of money demanded.
e. shift the demand for money curve rightward.

Answers

Answer:

e. shift the demand for money curve rightward.

Explanation:

Increases in the aggregate income level or the real GDP will increase the demand for money. An increase in the demand for money is represented by a rightward shift (outward) of the demand curve of money. IN other words, the more money people or businesses earn the more they will demand since spending levels increase.

(b Who is likely to pay lower taxes for the same level of income : A homeowner who pays $ 1,000 per month on a mortgage loan or a renter who pays $ 1,000 a month in rent ?

Answers

Answer:

The renter

Explanation:

The renter will not be taxed as the property in which he or she is staying is not his or her ownership. The government of most of the nations see the renter as a marginalized individual in relation to a home owner. The homeowner have to pay the taxes on the propriety, however, there will be deduction on such payments. Hence the renter will pay a lower tax.

What is payment by cash?
What is it used for?​

Answers

Answer:

payment by cash is when you pay for something by cash

Explanation:

Answer:

When you use cash instead of your card.

Explanation:

Lets say you are going to the shop, to buy something- You arrive at the till and realise that you have not got your card with you , but instead you have cash. So that is what payment by cash is

_____ is a career typically requiring a certificate from a vocational school program.

Actor
Lawyer
Sales clerk
Automotive mechanic

Answers

Automotive mechanic is a career typically requiring a certificate from a vocational school program.

What type of business would you like to own and operate one day? What interests, skills, and abilities could you utilize in running your own company?

Answers

Answer:

A digital marketing company

Explanation:

If I were to choose a business to undertake, I would choose to open a digital marketing company, with consultancy and business for other companies to prosper and position themselves in the digital environment.

The internet and social media directly impacted the relationship between company and consumer, as communication became more direct and dynamic, so building a relationship with the customer helps in creating value and engagement for a company, which is converted into profitability and competitiveness.

A digital marketing company would help companies understand digital traffic tools and extract their benefits for the business, in addition to developing campaigns and strategies for reaching, retaining and creating value for customers.

In order to manage a company, regardless of any area, it is important to know and update yourself on the subject in which you are involved, to know its legal obligations and its public. It is essential to create an internal and external culture based on ethics, positive values ​​and integration.

What is the difference between business strategies and business models?

A. Business strategies focus on specific aspects of a business, while business models focus on how different aspects affect the whole business

B. Business models focus on specific aspects of a business, while business strategies focus on how different aspects affect the whole business.

C. Business strategies include long-term business plans, while business models include plans for daily business functions.

D. Business strategies incorporate forms of traditional business advertising, while business models incorporate the use of social media.​

Answers

Answer:

B. Business models focus on specific aspects of a business, while business strategies focus on how different aspects affect the whole business.

Answer:

the answer is c

Explanation:

4. Noah paid all of his bills and put a bit of money in savings for the month. He has a little bit of money left-over to spend on going shopping or going out with friends. This left over
money is also known as:
gross pay
disposable income
Insurance
debt

Answers

Answer:

Disposable Income

Explanation:

dis·pos·a·ble in·come

/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/

Learn to pronounce

noun

income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.

"the rents of tenants in work reached 21 percent of disposable income"

Answer:

the answer is disposable income

Explanation:

Sebastián compró 3 latas de pintura a 15.75 cada una marcada con un descuento del 20% cuánto pagó en total Sebastián en caja incluyendo el I.T.B.M.S

Answers

Answer:

37,8

Explanation:

Podemos hacer esto de dos formas.

Si compró 3 latas a 15,75, podemos encontrar el porcentaje de cada lata y luego multiplicar por 3. Como

20% * 15,75 =

20/100 * 15,75 = 3,15

15,75 - 3,15 = 12,6

Luego multiplicamos el 12,6 por 3.

12,6 * 3 = 37,8

De otra forma, podemos hacer la multiplicación primero. Como,

15,75 * 3 latas = 47,25

20% de 47,25 =

20/100 * 47,25 = 9,45

47,25 - 9,45 = 37,8

Entonces, en total, pagó 37,8

Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transactions which are begun in one period and concluded in a later period b. To determine the amount of net income or net loss for the period c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period d. To facilitate adjusting entries

Answers

Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Explanation:

Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Therefore, the correct option is C.

Which ofthe following accounts are usually transferred to the Income Statement? *
1 point
a. Rent, premises, drawings
b. Drawings, rent, purchases
c. Commission received, rent, purchases
d.Purchases, furniture, commission received​

Answers

Answer:C

Explanation:It is C because to get your commission they need to transferred to your Income Statement and for rent they need to know that you can afford to live there.To purchase big stuff they gotta look at your income to buy it.

State 2 problems a startup company might have rasining
finance​

Answers

1. Fierce Competition

The corporate world is quite fierce. There is always a competition going on between the giants. Competition poses one of the biggest challenges for the survival of startup businesses. And if you have an online business startup, the competition gets tougher.

The competitive environment keeps the startups on their toes, as there is no margin of error available. Both B2B and B2C organizations always tend to feel the heat of the fierce competition. In order to survive in this competitive business environment that covers both traditional and online businesses, the startups need to play aggressively, and punch above their weight to gain the much needed recognition amongst the clusters of ever challenging and expanding businesses.

2. Unrealistic Expectations

Success does not come alone. It brings expectations with it. Most of the times, these expectations seem realistic, But in the real sense of the word, are merely unrealistic. This same concept holds true for young startups.

Startups tend to face challenges when they set ‘unrealistic expectations’ following a booming success. Remember, success is short-lived and expectations never end. This is where startups need to translate what the real expectations are? Sustainability is the name of the game. And sustainability requires consistent efforts.

Which of the following refers to the way that interest added to an account earns
interest itself?
APY
compound interest
APR
annuity

Answers

Answer:

APY is when interest is added to an account that is earning the money so I belive that is the answer

performing​ EPS/EBIT analysis, how is the first row​ (EBIT) determined? A. Use the most recent year EBIT number plus or minus the impact of recommendations to determine a range. B. Use the most recent year EPS number plus or minus the impact of recommendations to determine a range. C. Use the most recent year Revenues number plus or minus the impact of recommendations to determine a range. D. Use the most recent year Cash number plus or minus the impact of recommendations to determine a range. E. Use the most recent year Retained Earnings number plus or minus the impact of recommendations to determine a range

Answers

Answer:

A. Use the most recent year EBIT number plus or minus the impact of recommendations to determine a range

Explanation:

In performing​ EPS/EBIT analysis, the first row​ (EBIT) is determined by "Using the most recent year EBIT number plus or minus the impact of recommendations to determine a range."

EBIT which stands for Earnings before interest and taxes is used to determine the operating earnings, profits, or profits before the application of taxes and interests.

Hence, it is measured by removing expenses from revenue before roving taxes and interests.

After the death of Solomon,
a. Israel was destroyed by the Phoenicians.
b. the judges again ruled Israel.
c. his kingdom split in two: the northern kingdom of Israel and the southern kingdom of Judah.
d. the prophet Isaiah seized the throne.

Answers

Answer:

c

Explanation:

King Solomon reigned over Israel from the period c. 970–931 BCE. He took over the throne from his father David.

He is noted for his extraordinary wisdom

He wrote three books in the Bible. they include

ProverbsEcclesiatessongs of Solomon

After the death of King Solomon, his son, Rehobam took over as king of Israel. King Rehobam did not deal well with the Northern and Southern Israel. this led to the splitting of Israel into Judah and Israel

Select the correct answer.
Which of the following is a good resource to help you find a job opening?
A.
Employment offices
B.
Online sources
C.
Family, friends, and other contacts
D.
All of the above

Answers

Answer:

D All of the above

Explanation:

please i need help with this !!

Answers

Answer:

Save

Measure

Notes

Services

Money

Barter

Swapped

Forms

What ways can you improve a company?

Answers

1. Embrace transparency. Transparency isn't just positive for employees

2. Recognize and reward valuable contributions.

3.Cultivate strong coworker relationships

4. Embrace and inspire employee autonomy

5. Assist Your Team Members in Reaching Goals

There is an E. coli breakout on a cruise shio which leads to the cancellation of reservations on other cruise ships. What kind of risk is this to the owners of cruise ships? Why does this happen? please I need help asap​

Answers

Answer:

below

Explanation:

the cleaning process and the money that is going to be lost.if a cruse ship gets cancelled the money rate will go down

A law firm is an example of a

Corporation
Conglomerate
Partnership
Sole Proprietorship

Answers

Answer:

The answer to this question is the first option, Corporation.

2.1.1 Laterpreting
What is polynomial.?​

Answers

Answer:

an expression of more than two algebraic terms, especially the sum of several terms that contain different powers of the same variable(s).

[tex] \huge \boxed{\mathfrak{Question} \downarrow}[/tex]

What are polynomials?

[tex] \huge \boxed{\mathfrak{Answer} \downarrow}[/tex]

Polynomials are often sum of terms that are usually in the form :-

[tex] \huge \sf \: a {x}^{2} + bx + c[/tex]

The powers in a polynomial are non-negative integer powers.Based on the number of terms in a polynomial, there are 3 types of polynomials. They are monomial, binomial and trinomial. Based on the degree of a polynomial, they can be categorized as zero or constant polynomials, linear polynomials, quadratic polynomials, and cubic polynomials.

Trevor's new mastercard credit card has an introductory 6 month 0% APR. His average daily balance for the first month was $2,350. What is his finance charge for the first month

Answers

Answer:

$0

Explanation:

Since Trevor's new credit card is offered with an introductory promotion of 0% APR for the first 6 months, that means that the bank or credit card company will not charge interest rates for the first 6 months. Since the interest rate is 0%, the finance charge for the first month is also 0, but it doesn't mean that Trevor will not pay anything though.  

Distinguish between 'value' and 'price'.​

Answers

Value represents the amount of money that you are willing to pay for anything. Price is the amount of money that you are asked to pay for it.

Will the current market situation cause the price to go up, go down, or stay the same?

Answers

Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market

Write 3-5 sentences that explain what Demand is.
Why do you think it is important?

Answers

While an increased supply may satiate available demand at a set price, prices may fall if supply continues to grow. But if supply decreases, prices may increase. Supply and demand have an important relationship because together they determine the prices of most goods and services.

The situation where the quantity supplied of a good is greater than the quantity demanded at
a specific price is called:

Answers

Answer:

Excess supply

Explanation:

Demand is the quantity required or requested by buyers while supply is the quantity of a good that a producer is able to supply to the buyer.

When demand is equal to supply there is equilibrium and no excess in demand or supply.

However when the amount supplied exceeds the demand for a product there will be excess product in the market. This is called excess supply.

Conversely when the quantity demanded is more than that supplied it is excess demand

On March 1st Harry Landscaping services provided $2,500 of landscaping services to LoneStar College Kingwood (LSC-Kingwood). Harry received full payment from LSC Kingwood on March 15th for the landscaping services. What is the journal entry for Harry Landscaping on March 1st.

Answers

Answer: IT WOULD BECOME $2,515 because of the percentage that add.






I HOPE IT HELP

how to make decimal into scientific number?
i.g: 4.579×106​

Answers

Answer:

4.579e+6 or 4.579E+6

Explanation:

4.579 × 10⁶ [scientific notation] = 4.579e+6 / 4.579E+6 [scientific e notation].

a × 10ⁿ = ae+n or aE+n

These mineral deposits can be found by plates boundaries because they brought to the surface through?

Answers

Incomplete question. The missing part of the text which adds some context read:

Minerals, such as aluminum, copper, and gold are non-renewable resources. When mineral deposits are found, they can be mined. These mineral deposits can be found by plate boundaries because they are brought to the surface through ______

Answer:

weathering

Explanation:

The term weathering when used in geography often refers to the process that involves the breaking down or dissolving of rocks or the minerals contained in the soil. This process could then lead to mineral deposits been brought to the surface of the soil.

Hence, based on this understanding, we can conclude that the best term to complete the gap is the "weathering".

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