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Hawley Smoot tariff of 1930-what it did and what countries did as a result?

1. it raised cost of imported goods for American consumers, making it more likely that they will purchase the cheaper American goods 2. when the Europeans responded with tariffs on American goods, trade plunged


Introduction for consumer awareness?

Consumers are always exploited by traders and sellers. Consumer awareness is needed to prevent the exploitation of consumers by traders and manufacturers. Consumers must also be made aware of their rights and duties.


When you study individual markets or consumers?

When you study individual markets or consumers, this is known as thermodynamics. This evaluates the market scope and trends and is useful for making critical decision for the business.


Why is it that more is demanded at lower prices?

More is demanded at lower prices due to the law of demand, which states that as the price of a good or service decreases, consumers are more willing and able to purchase it. Lower prices increase the purchasing power of consumers, making it easier for them to buy more. Additionally, lower prices can attract new buyers who may not have considered the product at higher prices, further increasing overall demand.


What are some examples of substitutes goods that consumers can consider when making purchasing decisions?

Substitute goods are products that can be used in place of each other. Examples include Coke and Pepsi, butter and margarine, and tea and coffee. Consumers can consider these alternatives when making purchasing decisions to find the best value for their needs.

Related Questions

Is there a charge for cash back when making a purchase?

Yes, some stores may charge a fee for providing cash back when making a purchase with a debit card.


What process do consumers undergo before making a purchase?

An internal search of their own knowledge structures, followed by an external search for information from friends, family members, salespeople, and advertisements is a process that consumers undergo before making a purchase.


Does Amazon charge your card immediately upon making a purchase?

Yes, Amazon typically charges your card immediately upon making a purchase.


Does Amazon charge your card right away when making a purchase?

Yes, Amazon typically charges your card right away when making a purchase.


What consumers do after making a purchase?

After making a purchase, consumers often engage in post-purchase behavior that includes evaluating their satisfaction with the product or service. They may share their experiences through reviews or word-of-mouth, influencing others' purchasing decisions. Additionally, consumers may seek support if they encounter issues or consider future purchases based on their current satisfaction. This behavior can shape brand loyalty and influence repeat buying.


How long does it take for Amazon to charge my card after making a purchase?

Amazon typically charges your card immediately after you make a purchase.


When making a purchase on Amazon, does Amazon charge you immediately?

Yes, Amazon typically charges you immediately when you make a purchase on their platform.


Is it possible to receive cash back from a credit card when making a purchase at a grocery store?

Yes, it is possible to receive cash back from a credit card when making a purchase at a grocery store. This option allows you to withdraw cash along with your purchase, usually up to a certain limit set by the store.


How long does it typically take for Amazon to charge my card after making a purchase?

Amazon typically charges your card immediately after you make a purchase.


How long does it typically take for Amazon to charge your card after making a purchase?

Amazon typically charges your card immediately after you make a purchase.


How long does it take for Amazon to charge my credit card after making a purchase?

Amazon typically charges your credit card within 1-2 business days after making a purchase.


When the process of making is finished the people who use the products are called what?

The people who use the products after the manufacturing process is complete are called consumers. Consumers are individuals or entities that purchase goods or services for their own use or for resale.