BUSINESS HIGH SCHOOL

Which of the following is a reason advertising can be economically wasteful? Advertising provides consumers with price and quality information about products. Advertising manipulates people's tastes and can reduce competition. The most effective advertising is very expensive and, therefore, wasteful.

Answers

Answer 1
Answer:

A reason advertising can be economically wasteful as Advertising manipulates people's tastes and can reduce competition. Thus the correct option is B.

What is Advertising?

Advertising is referred to as a tool for the promotion of goods and services by creating awareness about them in public which helps to persuade and influence them to purchase the product.

This advertisement provides information about the product by highlighting its features and why it is better than competitive products by providing its benefits of it.

Anything said to be economically wasteful when it is unable to achieve the desired goal at a minimum cost. Advertising requires high expenses in making which leads to developing manipulation in the taste and decreased competition.

This advertisement causes a waste of resources that can be utilized for future use and influences customers to make purchases unnecessarily.

Therefore, option B is appropriate.

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A local insurance company has worked closely with an area real estate firm in writing mortgage insurance as well as other insurances such as health and accident policies to newcomers in a small university town. Recently one of the town's oldest and most reliable banks has become cautious about making mortgage loans, and both the realtors and the insurance company have lost business as a result. They agree to change their own accounts to a newer bank with a more liberal lending policy and to encourage their clients to follow their course. Since it is a small town with a sizable number of newcomers who visit the real estate firm for rentals or home purchases, their combined action is likely to affect the older, more conservative lender. The practice in which they are engaging is:

Answers

Answer:

The correct answer is letter "B": Boycott.

Explanation:

A boycott is a denial to start or continue a commercial relationship (or from any other kind) with an individual or organization. This because of committing a fault that the involved parties disagree in allowing. Stop purchasing or selling a product to a company, group, or country is one of the most common practices of a boycott.

Usually, boycotts are pressure measures in an attempt to correct an action that boycotters consider improper.

Of those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of a book d. a rock concert held in a small auditorium

Answers

Answer:

b. a radio broadcast

Explanation:

The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all

Therefore as per the given options, the option b is correct

hence, the other options are incorrect

A local theatre group wants to increase the membership and attendance at its performances. To do​ so, it hosts free​ shows, offers standup comedy​ nights, and sends volunteers to the local high school. In what is the theatre group​ engaging?A.Market research
B.Societal marketing
C.Product placement
D.Advertising
E.Market exchange

Answers

Answer:

E) Market Exchange

Explanation:

Market exchange refers to at least two people or firms trading one good or service for another. In this case, the theater group is trading a free show and other promotional activities (standup comedy nights, and volunteer work) in exchange for higher membership to their group or higher attendance to their shows.

A trade does not necessarily imply a money exchange, it can also include goods or services that provide utility for the other party. For example, an increase in group membership will help the theater group perform better.  

__________ utility is usually provided by producers rather than marketers. Possession
Time
Place
Form

Answers

FORM utility is usually provided by producers rather than marketers.

Form utility involves changing raw materials or putting together different parts and turning them into something more useful and of higher value.

For example, the raw material is a tree and form utility involves cutting it down and using the lumber into making wood furniture, pencils, paper, and other wood based products to be sold to consumers.

What is the name of the practice that consists of requiring pickers to gather the items for several orders at once, but keep them separate in separate totes?

Answers

Answer: Batch picking

Explanation:

Batch picking is the practice that consists of requiring pickers to gather the items for several orders at once, but keep them separate in separate totes.

It should be noted that in batch picking, a batch of orders are picked by a single picker and this typically help in the reduction of making constant repeated trips to same location

A contest for an honor or an award is called?

Answers

Answer:

A competition

Explanation:
Trophy or Acomplishment
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