Question

Define customers purchasing decisions in a nostalgic candy store?

Define customers purchasing decisions in a nostalgic candy store?
Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Consumers purchasing decisions in a nostalgic candy store goes through various stages before the final decision is made. Firstly a consumer discovers a need for a product like nostalgic candies which are low cost food items so some time the consumer takes purchasing decision due to temptation for them. Sometime they find the packing of the product very attractive or sometime the kids force them to buy, sometime they but it to gift somebody. These processes are low involvement purchases as the cost of product is low so generally consumers do not think much before taking a purchasing decision and small things can triggers a purchasing decision.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What are customers buying patterns in a nostalgic candy store?
What are customers buying patterns in a nostalgic candy store?
How do I write a cover letter for a start-up nostalgic candy store?
How do I write a cover letter for a start-up nostalgic candy store?
Of all customers purchasing automatic washer, 75% purchase a Samsung model. If a store currently has...
Of all customers purchasing automatic washer, 75% purchase a Samsung model. If a store currently has in stock 10 Samsung models and 8 Haier models washers, what is the probability that the requests of the next 10 customers for a Samsung model can all be met from existing stock?
Consider the following binomial experiment. Candy Heaven, a candy store, claims that the probability that people...
Consider the following binomial experiment. Candy Heaven, a candy store, claims that the probability that people entering the store will make a purchase is 0.63. What is the probability that of 6 people entering the store none will make a purchase? Please show your work. Thank you
Thirty percent (30%) of all customers who enter a store will make a purchase. Suppose that...
Thirty percent (30%) of all customers who enter a store will make a purchase. Suppose that 6 customers enter the store and that these customers make independent purchase decisions. Let x be the number of the 6 customers who will make a purchase.   Use the binomial formula to calculate The probability that exactly 2 customers make a purchase. The probability that 2 or fewer customers make a purchase. The probability that at least 1 customer makes a purchase
AAC conducted a survey of customers who buy shoes at its store. It found that the...
AAC conducted a survey of customers who buy shoes at its store. It found that the average purchase amount for male customers was $35 and the average purchase amount for female customers was $31. The standard deviation of the shoe purchases for men was $8, while for women, the standard deviation was $4. What does this information tell you about the purchasing habits of men and women who buy shoes at the store?
For customers purchasing a refrigerator at a certain appliance store, let A be the event that...
For customers purchasing a refrigerator at a certain appliance store, let A be the event that the refrigerator was manufactured in the U.S., B be the event that the refrigerator had an icemaker, and C be the event that the customer purchased an extended warranty. Relevant probabilities are below. P(A) = 0.74   P(B | A) = 0.95   P(B | A' ) = 0.77 P(C | A ∩ B) = 0.84 P(C | A ∩ B' ) = 0.55 P(C |...
On average, the probability of customers at a local AMC theater adding candy to their purchase...
On average, the probability of customers at a local AMC theater adding candy to their purchase is 0.30. What is the probability that the first person to add candy will be before customer 1? Round you answer to 2 decimal places.
A sample of 100 students found 30 chose Snickers as their favorite candy bar. The store...
A sample of 100 students found 30 chose Snickers as their favorite candy bar. The store has claimed that 33% of students choose Snickers as their favorite candy. Test this claim with an alpha of 0.02 using a two-tailed test.
Karen, the owner of K's Candy Store has devised a plan to increase sales. Employees will...
Karen, the owner of K's Candy Store has devised a plan to increase sales. Employees will be allowed, on their off days, to sell candy bars door-to-door. The plan allows employees to come to the store and take whatever amount of candy bars that they believe that they can sell. Further, they are to take, from the store cash register, a small sum of money with which to make change. Employees are to be paid a straight commission for their...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT