Why are estimated models of demand and consumer behavior useful to managers?
What will be an ideal response?
Such demand studies may provide insights in the development of competitive strategies by highlighting the importance of the characteristics influencing the demand for different products and by showing what trade-offs consumers may be willing to make between characteristics.
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eBay has a seller reputation system to provide
A) consumers with a signal concerning seller quality. B) sellers a chance to signal other sellers concerning their quality. C) a reduction in monopoly power. D) improvements in investor relations.
If you live in a state with a returnable deposit law and you decide to throw out your empty bottles and cans, chances are that someone down the line with a higher opportunity cost than you will find them and return them for deposits
a. True b. False
Even though non-union workers maybe just as skilled as union workers, wages are almost 15 percent higher in union jobs. Why?
If checkable deposits in Bank A total $620 million and the required reserve ratio is 9 percent, then required reserves at Bank A equal
A) $564.2 million. B) $468 million. C) $28.8 million. D) $55.8 million. E) $558 million.