Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called

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Answer 1

Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.

Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.

Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.

Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.

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Related Questions

Albert Inc. has both common and preferred stock outstanding. Which should be listed first in the stockholders' equity section of the balance sheet?

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Answer: Preferred Stock

Preferred Stock should be listed first in the stockholders' equity section of the balance sheet

What is the stock price?

A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock d. Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges.

A type of stock called preferred stock combines traits from both stocks and bonds. Similar to bonds, preferred shares pay out cash dividends, frequently at a higher yield than bonds while carrying less risk than common stock.

A stock is a form of security that indicates the holder has proportionate ownership in the issuing corporation and is sold predominantly on stock exchanges. Corporations issue stock to raise funds to operate their businesses. There are two main types of stock: common and preferred.

Therefore, Preferred Stock should be listed first in the stockholders'

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All of the following can be associated with asset-backed securities except A) the securitization of assets. B) minimal risk. C) pooling individual assets into larger financial securities to be sold to investors. D) expected cash flow from credit card debt, leases, auto loans, and mortgages.

Answers

Answer:

B-minimal risk

why is it important for management to use a balanced scorecard?

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The management of a firm uses the balanced scorecard for a lot of reasons.  Management  is advised to use a Balanced Scorecard as it helps to;

Develop organizational performance by measuring what is essential. It boast focus on strategy and results. It help to merge organization strategy with workers on a day-to-day basis. It is based on the drivers key to future performance.

A balanced scorecard is simply known to be a type of  strategic management performance metric that helps firms to known and improve their internal operations.

It also point out the design of performance reports and dashboards by making sure that management reporting is based on the most vital strategic issues.

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explain 5 reasons a firm should carry out promotion​

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Broadly speaking, the goals of marketing can be broken down into five main areas: to raise brand awareness, to generate high-quality leads, to grow and maintain thought leadership, to increase customer value, and to empower your colleagues to become brand ambassadors.

the discovery of a large amount of previously-undiscovered oil in the u.s. would shift

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What will happen if there is discovery of a large amount of previously-undiscovered oil in the u.s. is that :

In long-run aggregate-supply curve to the right.

For aggregate supply curve shifts to the right, it can be deduced that at every price level, there is a production of higher quantity of real GDP.

This is usually referred to as  positive supply shock in economics.

Therefore, aggregate-supply curve to the right in the long run.

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A cell phone manufacturer uses a famous pop singer to advertise its product to teenagers. The company is relying on _____ route persuasion.

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Answer:
Is Peripheral

when one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, such as handling merchandise-return problems and approving customers’ checks, the store implemented a job ________ technique.

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Job enrichment is simply known as a way of motivating employees through job been designed to have interesting and challenging tasks. The store implemented a job enrichment technique

Job enrichment often widen the scope of task set that an individual want to perform, and the skills that the individual can develop.

It makes for more interesting and interesting work, and gives variety, challenge and depth to your daily work.

It add dimensions to existing jobs to make it more interesting.

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What is a major factor in the decline of some occupations, such as those in the textiles and clothing industries? shifting consumer tastes overseas labor costs changing technologies aging populations.

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Answer:c

Explanation:

A major factor in the decline of some occupations, such as those in the textiles and clothing industries is changing technologies. Thus option (C) is correct.

What is technology?

Technology refers to the tools, systems, and processes that are designed and used to solve problems, improve efficiency, and facilitate communication and collaboration. It encompasses a wide range of fields and applications, from simple hand tools to advanced computer systems and software.

Technology  has enabled advances in fields such as medicine, transportation, and energy, and has revolutionized industries such as entertainment, manufacturing, and finance.

The changing technologies is a major factor in the decline of some occupations, such as those in the textiles and clothing industries. Therefore, option (C) is correct.

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Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment

Answers

Answer:

BDE

Explanation:

Answer:

A C D

Explanation:

When a company recognizes a cash revenue event that is subject to state sales tax, the balance in the Cash account increases by ______ the amount of revenue.

Answers

Answer: more than

Explanation:

Since their is a tax rate , it will get added on to the cash which would make it MORE THAN the actual amount

a central bank that wants to increase the quantity of money in the economy will

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If a central bank wanted to increase the amount of money in an economy, it would D. buy bonds in open market operations.

When the central bank buys bonds:

It increases money supply in the economy It does this by paying for the bonds such that money flows from the central bank into the economy

Buying bonds is one of the strategies that a central bank can use when it embarks on an expansionary monetary policy to increase the amount of money in the economy and spur growth.

In conclusion, the central bank can buy bonds to increase money supply.

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Your older sister tells you that she wants to have an IVF and have her child implanted into a surrogate mother for $3,000 through a company. Your mother is opposed to this idea whereas your father supports her decision. Your sister asks for your support. How would you respond to your sister

Answers

Answer:

go for it

Explanation:

I say that because if she is infertile and she has tried plenty then she has every right to have a surrogate if she feels the need to have one

how did craft unions and industrial unions differ?

Answers

Answer:

How did craft unions & industrial unions differ? A craft union is made up of skilled workers who work in a specific trade. ... In industrial union there are all different workers regardless of their trade or skill. This could be found in a steel factory.

Ace Electronics bought a new cash register for $2,500. Ace originally planned to use the cash register for 4 years and then sell it for $200. After 4 years, Ace had recorded $2,300 of depreciation. If Ace continues to use the cash register, still planning to sell it eventually for $200, then Ace should record ______.\

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If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation

Here, the formula to derive total value to be depreciated is Cost - Scrap Value.

Total Value to be depreciated = $2500 - $200

Total Value to be depreciated = $2,300

Therefore, the amount of $2,300 is fully depreciated.

So, the remaining $200 is the scrap value which will be realized from the sale

Hence, there will be no need to charge any further depreciation.

Therefore, If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation.

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Bank deposits are insured up to a certain amount by the

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Answer:

by the federal deposit and insurance corporation

Explanation:

Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:

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Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

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when intermountain healthcare wants patients to have comprehensive, standardized, detailed information about their condition and their treatment plan, what is the most appropriate way to communicate this information to providers, who will then give it to patients?

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The most appropriate way to communicate this information to providers will be in information sheets that are produced and distributed through a centralized network.

Based on the information given, it should be noted that the healthcare organization needs to be effective in order to ensure that there's proper information to be provided.

Therefore, when intermountain healthcare wants patients to have comprehensive, standardized, detailed information about their condition and their treatment plan, it should be communicated in information sheets that are produced and distributed through a centralized network.

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What is the net change in non-cash working capital that would appear on the cash flow statement given the following: i) Increase in cash of $500 ii) Increase in accounts receivables of $800 ii) Decrease in inventories of $350 iv) Decrease in prepaid expenses of $225 v) Increase in PP&E of $950 vi) Increase in accounts payable of $400

Answers

Answer:

$175

Explanation:  

The change in non-cash working capital that would appear on the cash flow statement is calculated as:      

Increase in accounts receivable                              -$800

Decrease in inventories                                             $350

Decrease in prepaid expenses                                  $225

Increase in accounts payable                                    $400                              

                                                                                  ______                    

Change in Non-Cash Working Capital  --)                  $175

Hope my answer is helpful :)

The net change in non-cash working capital that would appear on the cash flow statement is $175.

Increase in accounts receivable                              ($800)

Add Decrease in inventories                                    $350

Add Decrease in prepaid expenses                         $225

Add Increase in accounts payable                           $400                        

Change in Non-Cash Working Capital                      $175

Inconclusion the net change in non-cash working capital that would appear on the cash flow statement is $175.

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What should a company or organization do to minimize any negative buzz surrounding its event?

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Answer:

A hashtag can help event marketers create buzz because it creates a live conversation for fans. All the information and opinions of others is easily accessible for anyone to interested to look at and even join and that creates the buzz.

A company or organization to minimize any negative buzz.  A negative comment on the object can be lethal, especially if your business is being weapon down by influential persons or (t) witter users. Even with that in mind,

What is the organization?

An organization is a group of people who work together, like a neighborhood social activity, a charity, a union, or a business firm. You can use the word organization to refer to a group or business.  An official group of people, for example, a governmental party, a business, a charity, or a club.

As an organization there are various methods are being there to minimize any negative buzz,  A negative comment on an object can be lethal, especially if your business is being weapon down by influential persons or  (t) witter users.

Therefore, the conclusion for  A negative comment on the organization can be lethal,

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PLEASE HELP ME ON THIS QUESTION!!!! I WILL GIVE 5 STARS, A THANKS, AND BRAINLIEST!!!!
What is the best way to avoid gossip in the workplace?

Keep communication professional

Avoid joining cliques

Avoid joining teams

Only use positive verbal communication

Answers

Answer:

A the others seem incorrect

Answer:

the best way is to be nice and only use positive verbal communication so everyone likes eachother

Jorge, the marketing manager for an automobile manufacturer, observes frequent conflicts between two of his subordinates, Taylor and Liu. He asks the human resource department to help, and the department's training manager investigates. She tells Jorge that the two subordinates lack interpersonal communication skills but would be likely to improve with proper training. This scenario suggests that the training manager has conducted a(n) __________ analysis.

Answers

The training manager in the scenario described has identified that both employees needs training and the type of training they need. Hence, he has conducted a person analysis.

Person analysis requires that the behavior and attitude of employees or an individuals are observed in other to depict which of the employees lacks a certain office or work training, after which they type of training required is then laid out.

Hence, these set of study on employees refers to person analysis.

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as the aggregate price level in an economy decreases,

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Answer:

imports decrease

Explanation:

when making a decision only ______ costs and benefits should to be included in the analysis.

Answers

“only (Relevant) costs and benefits...”

Company D has 4 investors
Investor 1 has 200 shares
Investor 2 has 350 shares
Investor 3 has 725 shares, and
Investor 4 has 975.
Company D had a good quarter and decides not to pay a dividend. Investor 1 decides to sell all shares owned in the company. The investor bought 200 shares for $10/share and the stock is now trading at $25/share. Calculate the net profit/loss for the investor. Remember SMG charges a 2% commission on all transactions.

Answers

Answer:

Explanation:

When the investor bought their 200 shares at 10 bucks it cost them

200*10*1.02= 2040

When the investor sold their 200 shares at 25 bucks it got them

200*25*.98=4900

4900-2040=2860

A 40-year old taxpayer has owned a Roth IRA for more than 5 years. A $10,000 distribution will be considered nonqualified if the distribution was ______.

Answers

Answer:

Your answer would be , ''used to pay for higher education expenses''

Explanation:

What economic goal does the Securities and Exchange Commission (SEC) help the government achieve the most

Answers

Answer: promote economic prosperity

Explanation:

what should alexis say to demonstrate recall to Charlie
(Check all the apply)

You want to go to Mexico for spring break

Your parents want you to come home

You need $300 to cover remaining trip expenses

You want to borrow $300

You think you can earn the money within the next couple of months

You are planning to deceive your parents by telling them you’re coming home

Answers

The following statements are the things which Alexis needs to say to demonstrate recall to Charlie:

A. You want to go to Mexico for spring break D. You want to borrow $300F. You are planning to deceive your parents by telling them you’re coming home

According to the given question, we need to show the given statements which Alexis needs to say to Charlie to recall information which he already knows.

As a result of this, we can see that when a person demonstrates recall, then he is getting access to information which he already knows and is just bringing them back from memory.

Please note that your question does not seem complete, but based on a general knowledge of recall and how it works, my answer is a very good educated guess, but if the question is complete, then the answers are correct.

Therefore, the correct answers are options A, D and F

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Which educational institution trains students for a specific job in a skilled trade career?

a
College

b
Internship

c
Technical school

d
University

Answers

Answer:

b

Explanation:

The educational institution trains students for a specific job in a skilled trade career?

The correct answer is Option B. Internship

What is an internship?

An internship is a professional learning experience that provides meaningful and hands-on work related to a student's interests in a field of study or career. Internships give students the opportunity to explore and develop professionally and learn new skills.

An internship is a short-term work experience provided by people (usually, but not always, students) for a company or other organization to enter a particular industry or discipline. It's both a work and a learning experience.

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when the company decided to integrate all its information systems in a single enterprise-wide software system, the ceo authorized the creation of , which would consist of people chosen from different departments and operate as a separate entity outside the organizational chart, to get the job done.

Answers

When a company decides to integrate all its information systems in a single enterprise-wide software system, this can be done using:

Cloud computing

According to the given question, we are asked what would be used by a company when they want to integrate all its information systems in a single enterprise-wide software system,

As a result of this, we can see that cloud computing has to do with the use of different resource tools to provide different services to clients online.

Some of these services includes:

Data storageUse of databaseNetworking, etc

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how much credit card debt does the average american have

Answers

Answer:

5.315

Explanation:

Americans have this much debt in their credit card by average.

HOPE HELPED!

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