Growth of consumer information organizations

Assignment Help Econometrics
Reference no: EM13696882

"The growth of consumer information organizations, legal requirements, and warranty requirements has caused significant increases in the cost of customer satisfaction. Thus, it is no longer useful to talk about profit maximization as a company objective." Comment on this quote.

Reference no: EM13696882

Questions Cloud

The product life cycle shows that competition in the market : The Product Life Cycle shows that competition in the market is very low during the Introductory Stage. Explain and Write at least a 300 word essay in APA format why this is so. Then tell why competition grows in the next two stages.
Consumer behavior is all emotional : Some people argue that consumer behavior is all emotional, and some that the behavior is all rational. Explain some of the rational considerations consumers have when considering purchasing a new home. Now explain some of the emotional factors..
Completing an essay for marketing : Completing an essay for marketing as it must be at least 1750 words that summarizes research concerning either: global marketing, social media as a marketing tool, or marketing ethics. Resources used (i.e. article reviews, internet research..
A certain silicon sample : A certain silicon sample has NA = 5.01 X 1016cm-3and ND = 5.02 x 1016 cm-3. Given µn= 1200, and µp= 400cm2/V-s, determine a) The conductivity b) Repeat part (a) if NA =1017 and ND = 1.1 x 1017 cm-3. Use the mobilities of part (a).
Growth of consumer information organizations : "The growth of consumer information organizations, legal requirements, and warranty requirements has caused significant increases in the cost of customer satisfaction. " Comment on this quote.
Experiment with computer system measurements : Platform. Pick a Unix-based platform to work on. This might very likely be something like a PC running Linux, but feel free to experiment with whatever system you have access to, e.g., FreeBSD, some old UNIX system like AIX, or even Mac OS X.
Draw the graph relating number of faults : Draw the graph relating Number of Faults to Line length and does the data indicate that the number of faults per mile has changed from year 2000 to year 2001?
Draw the marginal revenue function for firm : Draw the marginal revenue function for this firm and what is the profit-maximizing price for this firm - On the graph show the area which represents the net loss to society resulting from the monopoly power conferred by the patent.
Experience that you have had with a service business : Analyze a recent experience that you have had with a service business (for example, a hairdresser, movie theater, car repair, or restaurant) in terms of your expectations and perceptions about each of the five components of service quality.

Reviews

Write a Review

Econometrics Questions & Answers

  How much is the quarterly deposit

A mining firm must deposit funds in a "reclimation" account each quarter. The account must have $25 million on deposit when a project reaches its horizon in 10 years. The account pays interest at a rate of 2% percent per quarter. How much is the q..

  Statistical significance of the parameter

Wilpen Corporation, a price-setting company, manufactures nearly 80% of all tennis balls purchased in the United States.

  How the allocation of loss of total consumer and producer

Suppose that the demand for broccoli is given by Demand Q= 1,000 - 5p where Q is quantity per year measured in hundreds of bushels and P is price in dollars per hundred bushels. The long run supply curve for broccoli is given by Supply: Q= 4P - 80

  Estimate on weekends the demand for product is much higher

Economists estimate that on weekends (thursday-sunday) the demand for your product is much higher than on the weekdays (monday-wednesday). On weekends. the inverse demand curve for a typical customer is P= 10 - 0.001Q

  How and why the firms demand curve for labor will compare

Consider a firm with the same production function of $20 output price when 2 units of output are produced but operating under imperfect competition in the product market. Explain how and why the firms demand curve for labor will compare to that of..

  Estimate the maintenance cost on a new car

Each subsequent year, this cost is expected to increase by $100. How much would you need to set aside when you bought a new car to pay all future maintenance cost if you planned to keep the vehicle for 7 years? Assume interest is 5% pear.

  How much of the deficit was monetized

Suppose that the federal government's annual budget deficit is $250 billion and that the Fed's holdings of government securities increase by $10 billion over the year. How much of the deficit was monetized

  Find the equilibrium level of income

Find the equilibrium level of income (Y*). Construct an aggregate expenditures model showing this information. What happens to RGDP if government spending decreases by $5 billion? Provide specific numbers. Suppose this economy opens up to trade. If..

  How will that wage compare to the mrpl

Suppose that the supply curve for the labor to a firm is given by: L=100w And the marginal expense of labor curve is given by: MEL= L / 50 Where w is the market wage. Suppose also that the firms demand for labor (marginal revenue product) curve is gi..

  What is the maximum loan that the bank could extend

what is the maximum loan that the bank could extend. indicate how the banks balance sheet would be altered if it extended this loan. suppose that the required reserves were 20 percent. if this were the case, would the bank be in a position to extend..

  What is the growth rate of aggregate capital in the long run

The golden rule capital per worker k^GR is the level of capital per worker that maximizes consumption per worker at the steady state. Write the expression of the steady state consumption per worker c* as a function of k and derive the golden rule ..

  What is the difference in the amount of depreciation

A construction company is considering changing its depreciation from the MACRS method to the historical SL method for a general purpose hauling truck. The cost basis of the truck is $100,000, and the expected salvage value for depreciation purpose..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd