User Account

All Pages

What arethefour highest rated models of your product

Assignment Help Microeconomics
Reference no: EM131883898

Planned Buying Assignment

Objectives: The objectives of the planned buying assignment are to: (1) gain an understanding of the procedures necessary to make wise decisions when shopping for durable goods, (2) become familiar with sources of information about consumer goods, and (3) utilize the consumer decision-making process.

Directions: Demonstrate your ability to apply the planned buying process (course objective #7) by completing and submitting this worksheet. This worksheet must be submitted to Canvas as a Word document (.doc or .docx).You will select a product and go through the planned buying process as if you were making a purchase of the product.DO NOT DO a car/vehicle, cell phone/smartphone/iPhone, television, tablet, laptop, or headphones.

You must submit the assignment before the deadline. The assignment will close at the deadline and you will not be able to submit after that time.

1. Select and identify a product to purchase (if there's nothing you need right now, think of something you will need in the next 3-5 years), such as a freezer-on-bottom refrigerator orblu-ray DVD player.The product you choose must be available in Consumer Reports, which you can access for free through the library website. Again,do not select acar/vehicle, cell phone/smartphone/iPhone, television, tablet, or laptop.You are responsible for making sure the product you select is available in a Consumer Reports article before starting the assignment.

2. Identify and rank 6 features you are looking for in the product. For example, if I'm purchasing a microwave, I may specify that I want a microwave that is less than 24inches wide, is stainless steel, is energy efficient, and has a high rating in Consumer Reports.

3. Find aConsumer Reports article on your product, such as ratings and tips for purchasing the product. Upload a PDF of theConsumer Reports article that includes your product. The article must be from the past few years (2015 to present date). The library website allows you to download and save the article as a PDF.You must upload the file in Canvas - do not provide a link.

4. What arethefour highest rated models of your product in Consumer Reports?

5. Find a website that provides consumer reviews/rating information on your product. State the source and discuss how the website's consumer ratings system compares to CR's rating system.

Comparison of ratings to CR ratings:

6. Find 3 models of your product online. For example, three models of washers are: Whirlpool Duet 1.0, Bosch Blue Vision 200, and Kenmore 75. You're not selecting the final product to purchase, just three possible choices based on the Consumer Reports information & other reviews and ratings.

Model #1
Model #2
Model #3

7. Based on the Consumer Reports information and other Internet sources, which model would you choose? Provide three reasons why you chose this model.

8. Visit pricegrabber website and/or other price comparison tools/websites to compare prices on your product. Including tax, shipping, and other fees, what is the highest price (and what store offers that price) and what is the lowest price for the product (and which store)?

Lowest Price:
Shipping:
Tax:
Store:
Highest Price:
Shipping:
Tax:
Store:

9. Visit retailmenot website and/or other websites to find any applicable coupons/discounts for the store you chose and list below. What are 3 benefits and 3 costs of searching for coupon codes to use when online shopping?

10. For your specific product, list 3 benefits and 3 drawbacks to online shopping versus traditional shopping. Be specific.

Reference no: EM131883898

Questions Cloud

What is the value of disease prevention : What is the value of disease prevention: why bother? Conduct some additional research on disease prevention. Please be specific in your post by using concrete.
What is most comfortable in terms of leading : What step of the Human Resources Cycle is missing? Explain why it is important to include this part of the process.
How would the internal rate of return of the project : How would the internal rate of return (IRR) of the project will change after you correct the miscalculation in the cost of capital? Explain.
What the facility does with regards to enforcing the law : Policies and procedures outlining access to patient information for a healthcare organization's workforce needs to be clearly defined.
What arethefour highest rated models of your product : What arethefour highest rated models of your product in Consumer Reports? Discuss how the website's consumer ratings system compares to CR's rating system.
How effective is surveying : Surveying can have a dual purpose once completed. Discuss with your peers, based on sound research: What is the purpose of surveying.
Describe the goals and outcomes of the plan : Brief description of the project (My business plan would aim to decrease the wait time for veterans at veteran's hospitals. By focusing on my weakness within.
How will you deliver this message to colleen or your team : If you ask your team to change their plans or work out a solution, what would that be and how will you prevent them from becoming upset?
Is it profitable to replace the year-old machine : Your company's tax rate is 42%, and the opportunity cost of capital for this type of equipment is 10%. Is it profitable to replace the year-old machine?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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