Law of diminishing marginal utility

Assignment Help Business Management
Reference no: EM132141735

According to the Law of Diminishing Marginal Utility, the consumer will receive less satisfaction when they consume additional units of goods and services. Explain 3 ways how the firm can influence the consumer purchasing decision by encouraging them to buy more of their product.(product is ''Cadbury'' chocolate)

Reference no: EM132141735

Questions Cloud

Discuss the organizational resources : Discuss the organizational resources that will be needed in order to bring resolution to lack of healthcare in rural areas.
Debate on school or higher education reform : Educational aims as a point of debate in school or higher education reform.
Create two examples of project documentation : For this assignment, you will create two examples of project documentation that align with the Project Plan Draft assignment you completed in Assignment Week 1.
What external activities affect cost estimating : Past pricing and costs may not provide an accurate projection. What external activities affect cost estimating?
Law of diminishing marginal utility : According to the Law of Diminishing Marginal Utility, the consumer will receive less satisfaction when they consume additional units of goods and services.
What is notably missing or added compared to the other : Description of how assessment is embedded and potentially supports informing a teacher of student mastery of the objective(s).
Construction processes can have on building operational cost : The impact that decisions made early in the design and construction processes can have on building operational costs.
Why you should always search the free space : Explain why you should always search the free space and slack space if you suspect person who deliberately delete file or information on a workstation.
Create a communication plan as a change leader : Create a communication plan as a change leader to help manage communication about the organizational change identified in the Organizational Change.

Reviews

Write a Review

Business Management Questions & Answers

  Determine whether the group is a sample or a population

Determine whether the group is a sample or a population.

  Account after two years

Suppose that Ali deposited QR 500 in his savings account that earns 5% annual interest. How much will he have in his account after two years using (a) simple interest and (b) compound interest?

  Describe the ethical issues faced by the organization

Describe the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization.

  Explain the ramifications on the patient care

Explain the ramifications on the patient care, reimbursements and your medical staff of having a laboratory Services department that produces inaccurate results

  Uk to dissociate from the european union

Why did US stock marketscrashupon hearing the news about "Brexit," the decision by the UK to dissociate from the European Union? Please give me one implication ofBrexit that will affect a US company (say Citibank). Do you think the UK made a smart..

  Demand of real gdp

Suppose the economy is a self-regulating, the price level is 132, the demand of Real GDP is $4 trillion, the quantity supplied of Real GDP in the short run is $3 .9 trillion, and the quantity supplied of Real GDP in the long run is $4.3 trillion.

  Develop an employee compensation and benefits package

Develop an employee compensation and benefits package for this new position. Support your ideas for the compensation/benefits package.

  Reason for the observed trends in period

This happened to this rate in Australia during 1970-1983, during 1992-2007, and since 2008? at least one reason for the observed trends in each period.

  Values statements of your place of employment

Examine the mission, vision, and values statements of your place of employment or one with which you are familiar. Create a 1,400-word evaluation of the company's values and goals. Include the following:

  What is data

What is data? What is sampling? Explain the importance of sampling from a managerial perspective.

  Percent of sample means of process

Within what values will 99.74 percent of sample means of this process fall, if samples of n = 12 are taken and the process is in control (random)?

  Ethic models for accountants

Discuss the process that involves moral standards and the several-step process that you may utilize to make a decision that is morally ethical.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd