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they take advantage of their lack of knowledge of the product.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agothey will sometimes say that they can get a better price somewhere else, so they business person says okay to what price they want.
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Describe the difference between how producers and consumers use cost-benefit analysis?
Producers do the same thing, though there are some important differences. For one thing, businesses consider benefits and costs just as a consumer does, but only the monetary costs and benefits are relevant to their calculations. Consumers often take into account non-monetary things when doing cost-benefit analysis.
What are some examples of consumers in science?
consumers take in food by eating producers or other consumers. Examples include foxes, elephants, sharks, humans, cows and venus fly traps
What is the main function of the Telephone Consumer Protection act of 1991?
It allows the FCC to create rules that limit unsolicited phone calls to consumers by businesses and organizations.
Are lions primary consumers or secondary consumers or tertiary consumers?
Lions are secondary consumers and feed mostly on primary consumers such as zebras.
A sentence for secondary consumers?
Secondary consumers are herbivores that feed on primary consumers.
How consumers take advantage of businesses?
they take advantage of their lack of knowledge of the product.
How do scams take advantage of consumers?
They mainly take advantage of people who wish to get a great deal of money with a very small amount of effort.
Why did the garment workers union grow after the triangle shirtwaist factory fire?
consumers pressured businesses by boycotting nonunion goods.
What was the problem with unregulated big businesses?
If the government unregulated big business many customers may be taken advantage of so that the businesses can make a profit. Another disadvantage to deregulating businesses is the fact that businesses will not always do the right thing, which could be detrimental to consumers and the environment.
What makes cheap website advertising appealing to consumers and businesses?
Cheap website advertising is appealing to both consumers and businesses because of the availability and the price. For consumers the ads are on the sites they visit and for businesses it is a cheap and easy way to reach consumers.
How businesses promote credit to consumers?
Businesses promote credit to their consumers through the allowing of consumers to purchase products through credit transactions provided by the business.
Businesses that sell directly to consumers on the internet is known as what?
Businesses that sell directly to consumers on the internet are known as B2C businesses. B2C stands for business to consumer.
Why do deceptive and unfair trade practice laws apply to ordinary businesses?
Deceptive and unfair laws apply to ordinary businesses in order to protect each from malicious competition. They also exist to protect consumers from being taken advantage of.
Why is consumerism so important?
Consumerism is important because consumers shouldn't be taken advantage of when they are simply making a purchase. When businesses protect their customers, they can develop a loyal customer base.
How does income get from businesses to consumers?
The transfer and redistribution of capital happens through multiple mechanisms and directional flows. Transfers of income from businesses to consumers can occur through the economic redistribution from taxation. Businesses can also sell to consumers who in-turn resell. Businesses also have what is known as a 'trickle down effect' where their income is paid out to workers, who are also consumers themselves.
What effect do fines have on businesses and consumers?
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What is it called when businesses seek to attract consumers dollars away from rival businesses?
competition
