What would you like to do?
Advantages and disadvantages of a consumer panel?
- lower cost than primary data collection methods,
- rapid availability and timelineness of brand switching and shifts in buyer preferences
- accurate report of sensitive expenditures: beer, liquor, cigarettes
- high level of specificity e.g. actual products not intentions anymore
- information on aggregate sales activity and shifts in retail outlets (store performances
- there are possibility of selection bias which is distortion of evidence or data that arises from the way that the data are collected.
- testing effect
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A consumer can find better prices in another place, therefore making the salesperson lower the price- (SALE) "The customer is always right"
The only one I can think of is you cannot show a "true black" color on any back-lit display, such as an LCD. ans. 2 There are three basic types of flat panel display: plas…ma, LED and LCD. Not every disadvantage listed below applies to every type. High initial cost Fragility Power consumption Short service life Poor contrast Limited viewing angle Slow response (fast moving images smear)
A consumer is well served if there is a choice of many different types of products. The more of them the more advantageous for all. The only disadvantage is deciding which pro…duct is best for a specific need. As example, a consumer has a limited budget for gardening tools. With such a large number of choices, the consumer must select the best tools suited to gardening.
In a panel discussion, if your train of thought is different from the general "flow" then your ideas may be drowned out.
Benefits Solar panels reduce your dependence on the power company. Whenever the sun is out, you've got power. By not buying electricity from the grid, you reap significant s…avings: Over the course of a few decades, most solar-system owners save several times their original cost.Solar energy is clean and renewable, and much safer than nuclear or coal power. Solar systems can be designed to suit your needs and budget. Problems They also have problems if they don't get direct sunlight, as it reduces their power output. Another factor that can cut down on the efficiency is if the house is at a good angle for the best amount of exposure, and they're usually not. If you get long periods with bad weather, the solar panels become useless. Glass and semiconductors are the main materials used for solar panels, and they are usually considered fragile. You need to maintain them and sometimes you also need to replace them. This happens even if you use Plexiglas shields for your solar panels, since they can still get deteriorated by hail, wind or lighting. The main disadvantage is the cost. Also to some solar panels are not considered very aesthetically pleasing. The benefits will differ based on where in the world you live and the amount of panels you have. Where I live in NW England the amount of power generated per year on the roof of an average sized house would not come close to covering a a typical home owners full yearly electricity bill. And by some it is believed that in the UK, it may not be possible to recoup the costs of installing the system before the lifespan is up. Some places offer government grants which may help towards cost of purchasing and installing. And it should also be noted that solar panels can increase the value of a home. As a 6th year architecture student I would say that any amount renewable energy is good for the environment even if it is only a small contribution (imagine if every home in the UK had solar panels how much could be saved on our national Co2 emissions) however whether it is financially viable for the average person is another question. Photovoltaics (PV) panels have 3 major drawbacks 1) they require a substantial initial investment ($15,000.00-$50,000.00 for a whole house set up) 2) they have an effective life of 25 years or less 3) they are relatively inefficient, processing only limited wavelengths of sunlight into electricity sure that they don't work at night also they don't work in a cloudy day of if it's raining.they are a renovale way to produce electricity, and they produce much energy if the weather's sunny almost the whole year, if you are in Africa those solar panels are the right for you cheaper and you don't have to pay electricity bills every month! Advantages:* Sunlight is free* They are pollution free, that is, no carbon dioxide greenhouse gas apart from their manufacture. Disadvantages:Some people have a flawed concept of solar energy. While it's true that sunlight is free, the electricity generated by PV systems is not. Quite a bit of hardware is needed. Currently, an installed PV system will cost somewhere around $9 per peak Watt. To give you an idea of how much a house system would cost, let's consider the Solar House -- a model residential home in Raleigh, North Carolina, with a PV system set up by the North Carolina Solar Center to demonstrate the technology. It's a fairly small home, and it is estimated that its 3.6-kW PV system covers about half of the total electricity needs (this system doesn't use batteries -- it's connected to the grid). Even so, at $9 per Watt, this installed system would cost you around $32,000. That's why PV is usually used in remote areas, far from a conventional source of electricity. Right now, it simply can't compete with the utilities. Costs are coming down as research is being done, however. Researchers are confident that PV will one day be cost effective in urban areas as well as remote ones. Part of the problem is that manufacturing needs to be done on a large scale to reduce costs as much as possible. That kind of demand for PV, however, won't exist until prices fall to competitive levels. It's a Catch-22 situation. Even so, demand and module efficiencies are constantly rising, prices are falling, and the world is becoming increasingly aware of environmental concerns associated with conventional power sources, making photovoltaics a technology with a bright future.people can also use watermelon to generate electricity
The sun is an infinite fuel source. Solar panels are reasonably clean in manufacture and super clean in operation. The average house roof in the UK has enough space to genera…te the needs of the house hold once the energy load of the building has been optimised (This means AAA rated appliances low energy lighting etc), about 3.6kw. So basically everyone can power there own home. The main stumbling block is capital cost of fitting them and storage as the power generated is often generated whilst the home is empty. The best storage is either to send the energy back down the grid and get a credit or fuel cell technologies. There are now affordable fuel cell units available, however it will take time for people to recognise this as an option - people are inherently slow to change. 1. Solar energy is free although there is a cost in the building of 'collectors' and other equipment required to convert solar energy into electricity or hot water. 2. Solar energy does not cause pollution. However, solar collectors and other associated equipment / machines are manufactured in factories that in turn cause some pollution. 3. Solar energy can be used in remote areas where it is too expensive to extend the electricity power grid. 4. Many everyday items such as calculators and other low power consuming devices can be powered by solar energy effectively. 5. It is estimated that the worlds oil reserves will last for 30 to 40 years. On the other hand, solar energy is infinite (forever).
Flat panel displays save space and energy. Also they keep your eyes more healthy than CRT Monitors
A consumer action panel is a regularly monitored group of consumers that is selected based on their purchasing habits.
benefits of consumer behaviour
Advantages: 1. Profitability of Businesses increases 2. Businesses can invest - improve productivity 3. Economic Growth Disadvantages: 1. Inflation - excess demand 2. Stress …on raw materials 3. Workers need to work more intensively, hard to manage for businesses at times
. Quick . Accurate . Neat . Easily erased and changed . A lot of tools to use
Advantage : people can buy on credit n do their business by granting from financial instituionals n their by thus economy of a country rises n standard of people too. … Disadvantage : as country's economy rises their will be price rise in every field n thus this all factors helps to push inflation . INFLATION is the main disadvantage.
advantages and disadvantages of consumer sovereignity
The difference between and advantage and a disadvantage can be very significant. An advantage means you have the upper hand in a situation usually only one person can have a p…articular advantage. A disadvantage can be an obstacle that more than one person can have at the same time.
Opportunity cost is the key to comparative advantage: Individuals and nations gain by producing goods at relatively low costs and exchanging their outputs for different goods …produced by others at relatively low cost. All potential trading partners can gain enormously through appropriate specialization and exchange. Advantages You can stand out. You can have a unique selling point. You can attract more customers if they are draw to your unique business. It helps you to be recognised and noticed. It helps your business to be remembered. Disadvantages If it is too unique it will put off potential customers and only appeal to a selected crowd which could end up meaning you would have a smaller business. It might not appeal to everybody. It might not attract your target market. Other competitors may use similar idea to yours and then you will have no unique selling point. Once your business is well known it is important to come up with other new unique points to keep customers reeled in and interested in your business.
What are the advantages and disadvantages of monopolistic trusts such as the Standard Oil Trust for consumers?
One advantage of a monopolistic trust are that prices can remain low. Disadvantages of monopolistic trusts is that it eliminates competition and can result in an unequal d…istribution of wealth.
In Solar Power
Solar Panels are devices that use the sun's energy or solar energy and converts it to electrical energy which is then transferred to appliances. It is an environmental fri…endly device. It does not produce greenhouse gases like carbon dioxide. If you look on with economical views, it saves you a lot of money and is a boon to mankind.