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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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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.
what are advantages n disadvantages of capitalism?
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.
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.
the fact that relik and abyss have started a business seling out of date paracetemols!!! the fact that relik and abyss have started a business seling out of date pa…racetemols!!!
what are the advantages of a consumer society
some advantages are that you have more things to choose from including things that may not be in stock at the store you are buying from, it's easier because you don't have to …leave home to shop, you don't have to deal with long lines at the mall, it is usually much faster, and you can get tons of coupon codes online that save lots of money some disadvantages are having to wait for it in the mail, things getting lost in the mail, not being able to hang with friends at the mall or buy giant pretzels covered in cheese, if it does not fit or is something you decide you don't like after all you have to mail it back (and pay postage), and you can't try it on before you buy it.
The advantages are that it is good for the consumers and there are no disadvantages except for the companies
The advantages of promotions usually end with more sales. It is the value of these sales to the business that can be the disadvantage. Not only does a promotion co…st money to promote, but usually the promotion consists of a price reduction which means less capital for the company altogether. A promotion must always and foremost consist of a strong branding strategy to help reinforce the brand for future consumption and not just for thrift shoppers.
it develop a good relationship between customer and seller. also increased the sale's volume. than the profit margine of an organization increased...
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
advantage production cost will be less and easy to cast and manufacture disadvantages the body will depleate quick due worst conditions the body will be a seating duck… to accident.
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
Well, the advantages and disadvantages depend on your perspective. For consumers, the advantages are that stores have to compete forour business, and if there is a demand for… something, it is likelythat more people will start making it, and that there will befaster and cheaper versions. On the other hand, if we are in the minority on size or preferencein any area, the down side is that the market decidedly does NOTcater to us, but instead discriminates against us, shunting us to asecondary market that has much more limited choices andavailability. Advantages for marketers might be that if you can really understandand capture a niche market, you can cross-market a lot of things tothem, and perhaps even sell their information to other firms tryingto sell to a similar market. Disadvantages would be that the more niche the market, the fewerpeople you have to market to, and the more limited the profits.
benefits of consumer behaviour
An advantage to price discrimination to producers is that firms will be able to increase sales. A disadvantage to consumers is that it can cause things to cost more.
For most people a touch panel/screen facilitates easy interactionwith small portable devices that otherwise would require carryingmore cumbersome and bulky input equipment (e.…g. keyboards, mice). However some people have conditions (e.g. tremors) that "confuse"touch panel/screen equipment. I have a tremor and have such greatdifficulty with touch input devices I almost always connect anordinary USB keyboard and mouse to everything and if a laptopallows me to inhibit its touchpad completely then I do.