Before purchasing a car, John sought advice from his friends and researched auto reviews on the Internet. He also visited car dealers and went for a test-drive. In which of the following stages of the consumer decision-making process is John engaged?
A. external information search
B. internal information search
C. evoked set manipulation
D. postpurchase evaluation
E. problem recognition
Answer: A
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Exhibit 20-4 On January 1, 2016, Average Leasing Company entered into a direct financing lease with a lessee, Lenny Company. The lease agreement calls for five equal annual payments of $75,000 at the beginning of each year with the first payment due on January 1, 2016. The leased property has an estimated residual value of $10,000, which Lenny does not guarantee. The property remains the property
of Average at the end of the lease term. Average desires a 12% rate of return. Present value factors for a 12% interest rate are as follows: Present value of $1 for n = 1 0.892857 Present value of $1 for n = 5 0.567427 Present value of an ordinary annuity for n = 5 3.604776 Present value of an annuity due for n = 5 4.037349 ? Refer to Exhibit 20-4. What is the amount of the credit to Unearned Interest: Leases to be recorded by Average Leasing on January 1, 2016 (round the answer to the nearest dollar)? A) $82,199 B) $66,525 C) $72,199 D) $76,525
The least important item to store off-site in case of an emergency is
a. backups of systems software b. backups of application software c. documentation and blank forms d. results of the latest test of the disaster recovery program
The agreement framework signed after World War II that was the basis for an era in which tariffs and other trade barriers were significantly reduced in much of the world was called ______.
A. GATT B. NASA C. NAFTA D. WTO
In the price-setting process, the next step after demand has been evaluated is to
A. choose a price. B. define the pricing objectives. C. evaluate the alternatives. D. analyze the competitive price environment. E. determine the costs.