In: Statistics and Probability
Choose a friend or family member that you know well. You should know their family background, how they tend to think and make decisions, and how they shop. You must have been on a number of shopping trips with this person. With this knowledge in mind, describe behaviors that demonstrate two out of the 3 major factors influencing consumer behavior (pages 113-123 in your textbook). Each behavior described must represent the influence of a different factor. For example, my dad is very affected by his attitudes about certain products and crowding in his shopping behavior. Attitudes are a psychological influence, while crowding is a situational influence, thus representing 2 out of the 3 major factor categories (i.e. psychological, social, and situational). For each influence give at least 2 different, concrete examples that demonstrate how your chosen person behaves under the influence. Thus, if I was writing about my dad, I would explain how my dad's consumer behavior is affected by his attitude towards products giving two different examples of how this is manifested and then explain why I think he behaves this way. Then I would do the same procedure but explain how my dad's consumer behavior is affected by crowding and give two different, concrete examples. This means that your complete assignment should have 4 different, concrete examples in total. Before you submit the assignment, check to make sure you have 4 different examples of your subject's behavior, two for each influence. If you only have 2 examples in your assignment, you do not have enough examples of your subject's behavior. Be sure to explain why you think your chosen person behaves the way s/he does. The point of this assignment is to clearly describe how these principles affect your subject's behavior and give multiple examples that demonstrate the concepts.
I suggest organizing the assignment this way.
Paragraph 1 - Tell me the person that you have chosen. You don't need to give me their name if you don't want to, but tell me generally who they are and what relationship they are to you that makes you able to describe their consumer behavior.
Paragraph 2 - Tell me the specific influence you are going to discuss and what category it is in (e.g., attitude which is psychological influence). Then describe two examples of your chosen person that demonstrate the influence. Finally, try to explain why you think this person behaves this way.
Paragraph 3 - Repeat the process in outlined for paragraph 2 but for an influence in another category.
Paragraph 4 - Brief summary
Please correct my writing for grammar?
Consumer behavior is a systematic process in which a person interacts with his or her environment to make decisions about products and services. Buyer behavior includes all the psychological, social, and physical behavior of potential consumers, and when they become aware of the existence of services or products, they evaluate and consume their purchases and inform others about these products and services. Consumer behavior is influenced by individual characteristics and the decision-making process that consist of three main factors: situational, social, and psychological factors. For this assignment, I decided to choose my husband because he enjoys shopping and loves to spend his free time in the mall. We are living together for more than 22 years and we have traveled a lot, but as a woman, I have never had any concern about shopping because my husband was ready to go shopping with me and even more eager than me.
My husband is very affected by learning from ads or friends and family. He learns almost everything he does and what he thinks. In short, purchasing decisions are significantly influenced by his friends and learning from ads. For example, we have a carpentry tool the size of a wardrobe because he decided to buy one after talking to his friends or family. Also, he always follows the ads and searches for their reviews by other buyers on the internet to be sure about what he wants to buy, so learning affects both attitude and perceptions. In this case, learning is a psychological influence, while his friends or family are social influences.
Attitude is a state of mind or feeling. Attitude refers to a person's feelings and inclinations toward a form or idea. The tendency to product is an experience that interacts with perception, thinking, feeling and reasoning. For example, when my husband becomes loyal to a brand, it is difficult to change his attitudes and beliefs towards that particular brand. He chooses a specific store for his shopping like Costco. He loves Costco and believes that he can find there everything that he needs and loves its environment because he feels that he can buy anything he wants in big size. He tries to buy the Kirkland brand for most of the things that we use. In these cases, attitude is a Psychological influence, while the shopping situation is a Situational influence.
As mentioned above, consumers’ behavior is influential in their decision to buy products. The choice of people also influences the decision of others, because they are in social interactions with each other. People acquire their beliefs through practice and learning. These beliefs, in turn, affect their buying behavior. In general, we are all consumers, because we receive and consume food, clothing, housing, education, services, ideas and etc. based on a specific order. Decisions made about consumption, demand for raw materials, transportation, technical services, the deployment and allocation of resources lead to the success of some industries, and the failure of others. Therefore, consumer behavior is an important factor in the recession or boom of business activities.
In: Accounting
Post 1. Review "Building a Critical Skill: Managing Your Time" .
Which of these techniques do you already use? What challenges do
you have in managing your time and how do you overcome them? What
skills have you learned since becoming a student? How can use these
skills to complete your Formal Report in this class? If you could
share on tip with an incoming student about time management what
would it be? Your post must be 150-250 words.
Post 2. After reviewing “netiquette” answer these three
questions.
How would you rate your professional email skills?
What area mentioned in these resources could you improve?
What is the one email error you see most often?
In: Economics
A survey of 200 drivers who were at fault in an accident found that 62% were dropped by their insurance carrier. Conduct a hypothesis test at a 0.10 level of significance to determine if the percentage of drivers dropped by the insurance carrier is different than 60%. State the null and alternate hypotheses. Use whichever applicable approach to hypothesis testing that you prefer, specify the numerical comparisons to be made, and state your conclusion.
In: Statistics and Probability
Directions: This assignment requires a 2-3 page written paper. Investigate various methods of performing survey research. Include personal and phone interviews, self-administered questionnaires, and computerized questionnaires in this assignment. State the advantages and disadvantages of each of these three types of survey research. Give an example survey research topic and specify which method you would use in that instance. State your reasons.
In: Operations Management
In: Mechanical Engineering
1. You are considering an increased capital expenditure for PP&E for next year. You are, however, concerned that the expenditure would hurt earnings per share over the next few years. Also, this might not be in your shareholders’ best interest. Is your concern justified? What additional information do you need to respond properly?
- I understand this has to do with depreciation, EPS, CAPEX, NPV, CF, and WACC but not quite sure how they all relate to one another. Explain this in the context of the problem please.
2. If debt is used to finance a new investment, shareholders will be worse off than if retained earnings were used to finance the new investment. Discuss the validity of the statement and state any assumptions deemed relevant.
-Please explain how WACC and CF's are involved in this scenario. Also, explain the company's strategy, growth or as a going concern.
In: Finance
A beam of steel having square cross section of 20x20mm2
having E =
200 GPa is subjected to an axial (P) load of 20 kN, Torsional (T)
load
of 60 Nm and Transverse (F) load of 0.60 kN as shown in Figure.
Solve
each load independently for both element A and B existing at the
top
and side surface of the beam respectively and determine:
a) State of stress against each load condition for both element
A
and B
b) Draw Mohr’s Circle where applicable for each state of stress
for
both element A and B
c) Determine the principal planes and the principal stresses,
d) Draw the orientation of the Principal Stresses
e) The stress components exerted on the element obtained by
rotating the given element counterclockwise through 30
degrees.
In: Mechanical Engineering
plan, promotes coordination and communication, and provides a benchmark for evaluating actual performance.
Describe a situation where a topic (a concept, one learning outcome) from the chapter is applied outside the classroom. In your career? Your personal life? A current event? Another class?
Did you describe this topic (concept, learning outcome) in a few sentences with enough detail to indicate that you understand the concept? You do not need to summarize the entire chapter.
Does the topic you described relate to the situation or incident that you described? (For example, do not describe the IMA Statement of Ethics, then explain how you walked into Best Buy and immediately saw a service company, the Geek Squad, a retail operation with electronics for sale, and manufacturing operations as Sony, Toshiba, and LG products are all lined up for sale. A better choice would be to describe the accounting differences between the types of businesses, then describe what you saw when you walked into Best Buy.)
In: Accounting
This question is to give you a feel for the actual calculations involved with OLS regressions. In this case, the independent variable is time (t). We will talk more about adding time as a variable later. For now, just treat it like any other independent variable x. You should do the calculations manually without a computer. It is very important that you show your work as answers will vary a bit due to rounding errors so I need to know that you followed the correct methodology. I recommend not trying to type up your answers as typing this many numbers will likely involve at least some typos. Consider the following data (continued on next page):
|
ti |
yi |
|
1 |
104 |
|
2 |
250 |
|
3 |
310 |
|
4 |
410 |
|
5 |
510 |
|
6 |
610 |
|
7 |
680 |
|
8 |
818 |
|
9 |
943 |
(e) Find the F-statistic. Is the equation significant at the 1% level? Make sure you state the null and alternative hypotheses. Use the p-value approach.
(f) Find the 95% prediction interval for when t = 5.
(g) There are two ways of calculating SSR (a direct and an indirect way). You would have used one method for previous parts of this question. Now, use the method you did not previously use.
Show your progress and I'll rate your answer good! (It's in Excel btw) Thanks:)
In: Statistics and Probability