__________risks occur when consumers feel that making the wrong decision might cause some concern or anxiety
Fill in the blanks with correct word.
ANSWER: Psychological
Psychological risks occur if consumers believe that making the wrong decision might cause some concern or anxiety. For example, some consumers feel guilty about eating foods that are not healthy, such as regular ice cream rather than fat-free frozen yoghurt.
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The going concern assumption:
a. is applicable to all financial statements. b. primarily involves periodic income measurement. c. allows for the statements to be prepared under generally accepted accounting principles. d. requires that accounting procedures be the same from period to period. e. none of the answers are correct.
Ferrar Corporation has two major business segments: Consumer and Commercial. Data for the segments and for the company for March appear below: Sales revenues, Consumer$680,000 Sales revenues, Commercial$280,000 Variable expenses, Consumer$394,000 Variable expenses, Commercial$143,000 Traceable fixed expenses, Consumer$102,000 Traceable fixed expenses, Commercial$45,000 In addition, common fixed expenses totaled $210,000 and were allocated as follows: $122,000 to the Consumer business segment and $88,000 to the Commercial business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the Consumer business segment is:
A. $62,000 B. $164,000 C. $394,000 D. $184,000
A sales manager for a company that makes commercial ovens for restaurants is interested in estimating the average number of restaurants in all metropolitan areas across the entire country. He does not have access to the data for each metropolitan
location, so he had decided to select a sample that will be representative of all such areas, and will use a sample size of 30 . Do you believe that simple random sampling is the best approach to obtaining a representative subset of the metropolitan areas in the given frame? Explain. If not, recommend how the sales manager might proceed to select a better sample of size 30 from this data?
In ANOVA, which of the following is not affected by whether or not the population means are equal?
a. x b. between-treatments estimate of ?2 c. within-treatments estimate of ?2 d. ratio of between- and within-treatments estimate of ?2