What was your decision-making behavior

Assignment Help Business Economics
Reference no: EM13832514

Consider the restaurant purchase you made in Topic 1. What was your decision-making behavior? Was it a routine, complex, or limited problem-solving situation? Identify which behavior and explain how the level of involvement played into your decision.

As we saw in the first topic, the decision-making process can range from very complex to routine.

If your restaurant decision was routine, please tell us how often you go to that restaurant.

Routine decision-making is usually related to brand loyalty or frequent purchases.

Reference no: EM13832514

Questions Cloud

Compare your nchl leadership competency levels : Create a visual diagram, matrix, illustration, or concept map to: Define your personal statements. Compare your NCHL leadership competency levels. Define your chosen organization's statements and values (such as, vision, mission, values, ethics codes..
Which of the following describe chemical properties : Which of the following describe chemical properties
Global business strategies : Select a region and choose a trading bloc (NAFTA, EU, ASEAN, etc.) within that region. In a single paper write two 350- to 500-word articles, one article in favor of regional integration and another article against regional integration. Describe the ..
Different levels in maslows hierarchy for parts of life : Consider which stage of Maslow's Hierarchy of Needs you are most likely in that drives a lot of your purchase decisions. Are those purchases consistent with this stage? As noted in the topic, a person could be at different levels in Maslow's Hierarch..
What was your decision-making behavior : Consider the restaurant purchase you made in Topic 1. What was your decision-making behavior? Was it a routine, complex, or limited problem-solving situation? Identify which behavior and explain how the level of involvement played into your decision.
Which of these substances are elements : Which of these substances are elements
Model of consumer behavior : Let's take the Model of Consumer Behavior for a spin. Consider the last time you purchased a nice dinner at an upscale restaurant. What was your choice of restaurant? Go through all the variables outlined in the first two columns of the model, enviro..
Use the dynamic exhibit-balance in total after transaction : It’s actually one question of a bigger section related to this topic When the amount paid for land is $36,000 and the amount paid for expenses is $10,000, the balance in total assets after transaction (b) is_____ $. When the amount paid for land is $..
Actions impact the efficiency of the shanghai stockmarket : On July 27, 2015, the Shanghai Composite Index fell by more than 8%. To preserve asset value, the Chineese government halted trading in some companies and in short selling. How did these actions impact the efficiency of the Shanghai stockmarket? Were..

Reviews

Write a Review

Business Economics Questions & Answers

  What is market interest rate

Control of "market interest rate"? What is market interest rate? And how does loan able funds relate to it?

  What are the gains and losses of international trade

What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries? Use graphs as needed and explain your answers thoroughly.

  Created each month to keep unemployment from increasing

If the labor force of 150 million people is growing by 1.4 percent per year, how many new jobs have to be created each month to keep unemployment from increasing?

  Determine the demand function and inverse demand function

Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.

  Sellers of artificially sweetened beverages

Suppose the government imposes a 20-cent tax on the sellers of artificially sweetened beverages.

  Subsequent ways does government involve the consumption

In which of the subsequent ways does government involve the consumption component of planned cumulative expenditures.

  Find out goods that lie near these extremes

find out goods that lie near these extremes. Characterize demands for the following goods as being near perfectly elastic or near perfectly inelastic.

  Analyze the influence of these four different measures

Foley’s advertising agency presents three social media options. For each of the social media options (Zwinktopia, Facebook, and YouTube) analyze the influence of these four different measures:

  Explain why an industry in a perfectly competitive market

Explain why an industry in a perfectly competitive marketplace would choose to remain in business, if its profit is zero at equilibrium.

  What is my opportunity cost of opening a restaurant

I am also going to invest $ 100000 of my saings which were earning an average annual rate of 6 % what is my opportunity cost of opening a restaurant?

  Quantity of labor at diminishing marginal returns

Does the law of diminishing marginal returns apply to this firm's production process. If so, explain why and find the quantity of labor at which diminishing marginal returns.

  Illustrate what are the historical trends and current state

Illustrate what are the historical trends and current state of the federal budget and deficit spending. Should the federal budget be balanced? Is this really necessary.

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