people make some unwise decisions in their life. The money consumers spend on these goods could be going to the ever-surmounting needs for health care‚ poverty help‚ or other things that would help the society as a whole. This is why America is the prime example of a capitalistic consumer society and not a socialistic country. People want things for themselves before anyone else. All cultures need consumerism to survive‚ because we need food‚ shelter‚ and clothing and the last time I checked those
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economics a rational consumer is defined as the people who act in a rational way and make rational choices‚ namely spending their money wisely. Utility is a term used to measure the amount of pleasure a consumer gains from a good or service they choose to invest in‚ thus spending our money wisely‚ in economic terms is a method of maximizing our own utility. However in today’s world different societies and individuals have failed to distinguish the different between a want and a need‚ which has consequently
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Christ University Law Journal A research paper on: “Evolution of Consumer Protection and Way Forward” Submitted to: The Journals and Publications Society‚ School of Law‚ Christ University Author: Abhishek Gupta Co-author: Kritika Mishra Faculty of Law‚ JAMIA MILLIA ISLAMIA UNIVERSITY‚ NEW DELHI ACKNOWLEDGEMENT At the outset‚ I would like to thank School of Law‚ Christ University with its core team of The Journals and Publications Society‚ School of Law‚ Christ University for organising
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Nature scope and importance of consumer behavior Consumer Behavior Meaning :Consumer behavior is defined as “The dynamic interaction of affect and cognition behavior by which human beings conduct the exchange aspects of their lives .This means that the buying actions of consumers are greatly affected by their thought process and their feelings experienced . Importance of consumer behavior : • Ever increasing intensity of competition • More aggressive competitors emerging with
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the number of consumer related issues. Consumer protection has earned an important place in the political‚ economic and social agendas of many nations. In India‚ the Government has taken many steps including legislative‚ to protect consumers. Education is a life long process of constantly acquiring relevant information‚ knowledge and skills. Consumer education is an important part of this process and is a basic consumer right that must be introduced at the school level. Consumers by definition
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Writing Assignment #1 "Everyone’s behavior is guided by his or her unique needs and wants." Salespersons‚ prospects‚ customers‚ and consumers all make their daily decisions based on this fact. By better understanding others needs and wants as well as your own‚ a salesperson can reach his full potential for attracting new business as well as retaining business while maximizing revenue. As we discussed in class‚ there are four major personality traits that differ depending on varying amounts
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3.6 Revenue recognition with examples when goods are sold under sale or return There are cases when payments are received prior to events that trigger revenue recognition. In that case‚ cash is debited and the unearned revenue is credited. On the other hand‚ when revenue recognition is triggered before actual payment is received‚ accounts receivable is debited while revenue is credited (“Revenue Recognition Principle‚” 2013). Goods are sold under sale or return when they are “sent by the supplier
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REVENUE RECOGNITION MCDONALD ’S CORPORATION INTRODUCTION McDonald’s and Burger King have been in competition for over 50 years. Similar companies can choose different revenue recognition methods that can cause them to appear different. This report’s purpose is to explain McDonald’s revenue recognition policies and methods in comparison to Burger King’s. DISCUSSION FOR ACCOUNTING POLICIES AND METHODS McDonald’s and Burger King’s revenues mainly consist of two things‚ sales and franchise fees
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Employee Motivation‚ Recognition‚ and Rewards u06a1 Adriane L Thompson athompson74@capellauniversity.edu BUS 3004 Developing a Business Perspective February 20‚ 2011 Introduction This paper will address why employee motivation‚ recognition and rewards keeps employees working effectively and efficiently. Employee motivation is very important to a company’s production and quality of work‚ It is important for management and companies to recognize employees’ hard work and have an incentive
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Ideas for Non-Monetary Employee Recognition Promotion * If you want to give your employee a very meaningful non-monetary employee recognition gift‚ give him a promotion. The promotion does not have to be significant or associated with a raise--it could simply be a promotion by name only. If possible‚ give the employee more responsibility or supervisory privileges over a person or group as a reward for his past efforts. The possibility for future promotions of this nature that will move him up
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