This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is often the largest component of logistics costs? a. Inventory costs b. Transportation costs ... (Read 123 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Jun 28, 2018
What is often the largest component of logistics costs?
 a. Inventory costs
  b. Transportation costs
  c. Shipper-related costs
  d. Administrative costs

Question 2

Explain how price serves as a cue to quality.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 28, 2018
Answer to Question 1

b

Answer to Question 2

Counter to the anticipated economic effect of higher prices causing a decrease in demand, for some products and services, higher prices can make a purchase seem more appealing. For some purchases, customers use price as a cue to quality, implicitly reasoning that the brand can command a high price because its quality is so good. That argument assumes a belief in the efficiency of the marketplace, yet many studies have demonstrated that there is no correlation between price and quality for most product categories. But our beliefs persist. A price's role as a cue is so strong that prices are known to contribute to the formation of expectations prior to a purchase. A price is a clear, tangible cue, and higher prices set higher expectations.


@Brianna17

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jun 28, 2018
Thank you :)


upturnedfurball

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 28, 2018
Happy to help you


« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

The skimmers or perchers and their relatives form the Libellulidae, the largest dragonfly family in The skimmers or perchers and their relatives form the Libellulidae, the largest dragonfly family in
Goliath birdeater (Theraphosa blondi), the largest spider, next to a ruler. Goliath birdeater (Theraphosa blondi), the largest spider, next to a ruler.
Jupiter and Its Largest Moons Jupiter and Its Largest Moons
cell component cell component
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library