Jamal is having trouble figuring out his taxes on paper. Walk through Jamal's experience with the five steps in the consumer buying process for what Jamal needs to think through as far as getting help on his taxes
What will be an ideal response?
Answer: Sample answer: (1) Jamal first recognizes his problem: I am having trouble doing the taxes this year. (2) So then he looks into possible solutions, such as continuing to struggle by himself, going to a professional tax preparer, or getting a tax software program to help him. (3) He evaluates the options. He may think things like "A professional tax preparer may get me the biggest refund. Software is cheaper than a tax preparer, but I don't know how to use it. I could continue on by myself, but will I really get any better at this?" (4) Then Jamal makes a decision—to try again by himself, to go to a professional tax preparer, or to use tax preparation software. (5) After the taxes are done, Jamal thinks back over the experience and decides whether he would proceed the same way again some other year.
Explanation: The five steps in the consumer buying process are problem recognition, information search, evaluating alternatives, purchase decision, and postpurchase evaluation.
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If a company's structure is not aligned with the competitive environment or fluid enough to deal with environmental changes, what is a likely outcome for that company?
a. The company will be faced with media backlash due to its poor environmental standards. b. The company will naturally correct its errors without much effort. c. The company's costs will rise directly from its inability to keep up with rising demand. d. The company will likely not be successful and succumb to competitors.
Which of the following does not apply to secondary markets?
A. Transactions are important to the efficient allocation of resources in our economy. B. New resources are provided when shares of stock are sold by the corporation to the initial owners. C. Transactions help to establish market prices for additional shares that may be issued in the future. D. Many investors might be unwilling to provide resources to corporations if there is no available mechanism for the future sale of their stocks and bonds to others.