What are some ways a seller of goods might reassure a possible buyer who is faced with
Question:
What are some ways a seller of goods might reassure a possible buyer who is faced with imperfect information?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Sellers can use several strategies to reassure potential buyers facing imperfect information 1 Clear Product Descriptions Provide detailed accurate an...View the full answer
Answered By
Poonam Chaudhary
I have 15 month+ Teaching Experience
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What are some ways a seller of labor (that is, someone looking for a job) might reassure a possible employer who is faced with imperfect information?
-
What are some ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whether the borrower will repay the loan?
-
The shipment of goods is a major aspect of commercial transactions. Many issues arise when an unforeseen event, such as fire or theft, causes damage to goods in transit. At the time of contract...
-
JinsAppliances has a return-on-assets (investment) ratio of 8 percent. a. If the debt-to-total-assets ratio is 40 percent, what is the return on equity? b. If the firm had no debt, what would the...
-
The following information relates to Helena Limited: Required: Calculate the following accounting ratios for each of the five years from 30 April 2008 to 2012 inclusive: (a) Gross profit (b) Mark-up...
-
The three cases outlined briefly below are drawn from the work of Salama et al. (2003) who are investigating changes and opportunities presented by mergers and acquisitions (M&A) involving companies...
-
Plaintiff purchases a new car that has defects in its paint job. Three times the dealership repaints the care, but to no avail. The plaintiff continues to drive the car as he has no other option in...
-
Mullet Technologies is considering whether or not to refund a $75 million, 12 percent coupon 30-year bond issue that was sold 5 years ago. It is amortizing $5 million of flotation costs on the 12...
-
Identify the entities and the relationships the diagram given below Translate the Diagram Into Relational Model Fname Minit Lname San Bdate Sex No Street Apt no City State Zip Name PERSON Address...
-
In an insurance system, would you expect each person to receive in benefits pretty much what they pay in premiums or is it just that the average benefits paid will equal the average premiums paid?
-
What do economists (and used-car dealers) mean by a lemon?
-
Get the directions for the Federal Income Tax or go to www.irs.gov to obtain the tables for the EITC for the current year. Explain how the program increases earnings for low-income workers and...
-
One form of Ohm's law is: E = IXR where, E is the applied voltage and is measured in volts (V) I is the circuit current and is measured in amperes (A) R is the circuit resistance and is measures...
-
In the middle of the night, Aspen Family Fitness suffered an incident which was initially discovered to be a distributed denial of service (DDoS) attack. From 4:30am, Ken Hu, CIO, was responsible for...
-
Consider this small network with five vertices: a. Calculate the cosine similarity for each of the (5) = 10 pairs of vertices. b. Using the values of the ten similarities construct the dendrogram for...
-
You are hired by a large corporation as a consultant to advise on the use of derivatives to hedge commodity price risk. The analysis will involve (i) designing hedging strategies using futures...
-
In 2021, America's Healthcare cost $14,009.33 per family. Assuming a forecasted cost of $21,065.25 in 2022, how much more will a family pay in 2022?
-
Bayview Apartments is a 750- unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $ 217,150. When occupancy dips to 80%, monthly operating costs fall to $...
-
What is the shape of the exponential distribution?
-
Explain margin of safety and why it is an important measurement for managers.
-
When sales price decreases and all other variables are held constant, the break-even point will ________. A. Remain unchanged B. Increase C. Decrease D. Produce a lower contribution margin
-
Use the information from the previous exercises involving JJ Manufacturing to determine their break-even point in sales dollars. Data from Exercise Set B 12 JJ Manufacturing builds and sells switch...
-
Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 48,400 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing...
-
Kubin Company's relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $...
-
Serendipity Sound, Incorporated, manufactures and sells compact discs. Price and cost data are as follows: Selling price per unit (package of two CDs) Variable costs per unit: Direct material Direct...
Study smarter with the SolutionInn App