The vast array of products that consumers buy can be classified on the basis of shopping habits and are broken down into four main areas. List these four main classifications of consumer goods and explain what elements are included within.

Q: Message strategy is the general message that will be communicated to consumers identifying consumer…

A: Message strategy is making a difference between a successful marketer or a failure marketer, During…

Q: ** PLEASE LOOK AT BOTH IMAGES , THEY COMPLEMENT EACHOTHER **

A: The consumer surplus is the area below the demand curve and above the market price. The less price…

Q: What elements are included in the definition of a product?

A: To meet consumer wants, any good service or idea can be classified as a product. Hence any physical…

Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: How does change in price affect CONSUMER OPPORTUNITIES?

A: Microeconomics refers to the branch of economics that is concerned with a single factor and affects…

Q: Products with attributes that are significantly different from each other, which makes it difficult…

A: Product differentiation is the process which make a good different from the similar competition good…

Q: why students need to study General Education subjects ?

A: Students will apply their core skills throughout their education if they receive a general…

Q: consumer spending (concept)

A: Consumer spending is the total money spent on final goods and services by individuals and households…

Q: Discuss the factors that led to the consumer movement and list some of its results.

A: The consumer movement refers to a social movement, led by consumer organisation to ensure protection…

Q: Which of these do NOT comprise the psychological factors influencing consumer decision making?…

A: 1. Psychological Consequences Consumer behavior is heavily influenced by human psychology. These…

Q: Think back to a purchase that you made recently. How  would you describe your thinking before you…

A: Individual’s should make decisions based on rational calculations to achieve the potential outcome.

Q: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…

A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…

Q: Name two types of consumer market

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Please explain each question

A: The aggregate demand curve shows the negative relationship between the price level and the total…

Q: Which is NOT the stage that customers go through in the process of adopting a new product?

A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…

Q: Analyze the effect of cosmetic industry in the economy of Pakistan? What are the effects of this…

A: Industries that are established in a country contribute a significant amount of revenue to the…

Q: Discuss why packaging is considered as an important part of the product offer?

A: This question does not belong to Economics and should be re-routed to Marketing.

Q: Types of consumer goods

A: Consumer good is a final good purchased by a consumer.   Generally, there are 3 type of consumer…

Q: Explain the importance of information in gaining insights about the marketplace and customers.

A: Marketplace refers to the place where a market was formed which facilitates the sale and purchase of…

Q: t is a reflection of the value place on a product or service.

A: Definitions of all the options are given below: 1. Utility - Utility is the satisfaction received or…

Q: Organizations want customers to be satisfied. Imagine you’ve been asked to estimate the relative…

A: Customers are anyone to whom a corporation sells goods, services, or experiences. Because customers…

Q: Express your thoughts/ideas regarding the given topic "My home.

A: ANSWER:   MY HOME : * Home is place where we stay with our families and live safely :The saying East…

Q: Explain three ways consumers rely on social media to make buying decisions.

A: Social media is a new component for organizations to create new marketing strategies. two third of…

Q: See the attached while helping me determine?

A: Velocity of money = GDP/Money Supply 3 = 900/Money Supply Money Supply = 900/3 = 300 OPTION E…

Q: what is the most important concept in satisfying needs and wants

A: A need is anything which is a basic necessity and is required to live. On the other hand, wants are…

Q: Can you apply the design principles and elements of visual media and information to motion media and…

A: Motion media and information to motion media have basically been derived from design principles and…

Q: Choose the correct Which of the following jobs aims to influence and win customers to buy a…

A: Promotion, Personal selling, Advertising, Publicity, Public Relations , are the techniques of…

Q: As a consumer and content creator, how are you influenced by the media? You can use your own…

A: As a communication tool, social media has taken on a significant role. People use social media to…

Q: which technology change affect consumer taste

A: The Law of Demand states that as price rises, demand declines keeping tastes and preferences…

Q: Discuss the objective of SDG and its goals

A: "Sustainable development aims to ensure the long-term functioning of the society. Therefore, to…

Q: Go through the below visual and change it to tell a good story. Apply the story-telling techniques…

A: The given picture represents the budgetary expenditure of India. It shows how India is spending its…

Q: What products in your home that gives you social benefits and economic benefits? Give at least 2…

A: The marginal social benefit (MSB) of abatement refers to the additional benefits derived by the…

Q: Which divisions of the business spent their money on products and services that were correctly…

A: In a business, multiple divisions are handling various branches of a business. They carry out…

Q: Make several lists of things out there in the world that you are interested in...or passionate…

A: There are many things one likes or passionate about.

Q: It is not always easy to distinguish between wants and needs. Among the sentences below, choose the…

A: The want is the preference of the of the good by the consumer for which the consumer may not have…

Q: Write a few sentences from the point of view of a first-time buyer when home appliances became…

A: The following problem has been solved as follows:

Q: why is that quality delivery and price expectations of the customer should be considered in the…

A: When talking about transformation process, it refers to the process of substitution one or more…

Q: A term for when businesses produce goods and services that consumers don't want

A: The consumer requires consumer goods for the consumption purpose whereas investment goods for the…