Which best explains why companies use celebrities to endorse their products to develop a brand to copy other companies to influence consumers to just?
Answer Expert Verified The best outcome from using a celebrity for advertising is the ability to: Build brand equity, meaning brand power is acquired through the name recognition, which allows the company to achieve larger sales and profits because lots are inspired by those people to use the product!
Which example could be considered a harmful spending motivation?
a sling others about potential hidden costs. b putting family needs first before buying a product. c buying something expensive in order to feel better.
What is a drawback to an installment plan?
A drawback to an installment plan is that: it takes longer to buy a product. a large down payment is required. interest rates are generally very high.
Which strategy best helps a famous brand company?
Which strategy best helps a famous brand company reach consumers? benefit.
What is not a potential risk for purchasing a used car?
used cars can require repairs sooner warranties can be very limited used cars can have lower initial cost unexpected issues may arise.
At what point does buying in bulk stop being a spending choice?
when the consumer has a lot of space to store bulk items when costs rise too quickly due to demand when bulk items are not on sale anymore when the consumer buys more than is needed.
Why do prices increase when demand of a product is high?
An increase in demand causes equilibrium price to increase. A decrease in demand causes equilibrium price to decrease. A decrease in supply causes equilibrium price to increase.
What other factors can influence supply?
Supply refers to the quantity of a good that the producer plans to sell in the market. Supply will be determined by factors such as price, the number of suppliers, the state of technology, government subsidies, weather conditions and the availability of workers to produce the good.
What are the factors that influence supply and demand?
Factors Affecting Demand
- Price of the Product. There is an inverse (negative) relationship between the price of a product and the amount of that product consumers are willing and able to buy.
- The Consumer’s Income.
- The Price of Related Goods.
- The Tastes and Preferences of Consumers.
- The Consumer’s Expectations.
- The Number of Consumers in the Market.
What is the difference between a decrease in demand and a decrease in quantity demanded?
A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.