Ask Question
BusinessBusiness
30 August, 09:52

Describe the effects that normative statements have on consumer expectations and thus the demand for certain goods and services.

+4
Answers (1)
  1. 30 August, 10:08
    0
    Normative statements shape the way a person feels about a good or service because they show the world the way it should be, rather than how it is. These will increase the quantity demanded of a good or service, if the statement shows the good in a positive light. It will have the opposite effect if the statement is negative.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Describe the effects that normative statements have on consumer expectations and thus the demand for certain goods and services. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 11,000 parts in stock, although sales for June are estimated to total 11,000 parts.
Answers (1)
The cost of goods sold for mcpherson fashions is $360,000. the beginning inventory for the firm was $20,000. twelve months later the ending inventory was $40,000. what is the firm's inventory turnover?
Answers (1)
Which of the following will not decrease demand curves? Select the correct answer below: Discouraged buying based on future expectations. A drop in the price of substitutes. A rise in the price of complements. A rise in income (for a normal good).
Answers (2)
What does humanidocious mean?
Answers (1)
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating income of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%.
Answers (1)
New Questions in Business
Name and describe the four basic types of fees and cost a franchise owner must pay
Answers (1)
What is the difference between capital gain and capital loss?
Answers (1)
g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.
Answers (1)
What are the order of in which management can take legal action against a employee
Answers (1)
What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.
Answers (1)
Home » Business » Describe the effects that normative statements have on consumer expectations and thus the demand for certain goods and services.
Sign Up Forgot Password?