Answer:
When there is change in income level which determines the level of planned expenditures, there is a movement along the Aggregate expenditure curve but a shift towards the left or right on the Aggregate Demand curve.
Explanation:
Planned expenditures depicts the relationship between total spending, which is determined by income level in the economy; and the level of real GDP produced, with price level kept constant. Hence, an increase in income causes a movement along the Aggregate Expenditure curve.
Aggregate Demand depicts the relationship between price level and the level of real GDP produced, with income level kept constant. Hence, an increase in price level triggers a movement along the Aggregate Demand curve.
Therefore when income level changes which by extension means a change in planned expenditures, there is a movement along the aggregate expenditure curve but an left (inward) or right (outward) move on the Aggregate Demand curve; as long as price levels remain constant
The marketing concept is a philosophy that a business organization should employ to satisfy customers' needs while achieving the overall goals of the organization.A) TrueB) False
Answer:
A: True
Explanation:
Yes, its very much true because basic logic behind the marking concept is that organisation should meet the customer's needs by understanding them. Defining more precisely, meeting the customer needs profitably. Moreover, finding, attracting, getting, keep and growing the customers is the basic theme behind the marketing concept while remaining profitable at the same time.
Tax return preparers may generally rely on a client's representations without verification unless:
A.) the information seems incorrect, inconsistent, or incomplete.
B.) the client is new to the preparer.
C.) the client is incompetent.D.) the tax matter is complex.
Answer:
Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.
Explanation:
A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.
A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: Select one: a. Cost of goods sold. b. Cost of goods purchased. c. Cost of goods available. d. Beginning merchandise inventory. e. Ending merchandise inventory.
Answer:
(B) Cost of goods purchased
Explanation:
While a merchandising company buys goods from its suppliers (goods purchased) and adds this to its opening inventory to determined the quantity of goods it has available for sale (goods available for sale), a manufacturing firm makes the goods to be sold (goods manufactured) and add to its opening inventory of finished goods to determine the same metric (quantity of goods available for sale).
This relationship can be seen when the trading account of both firms are compared.
A _____ is a business structure of interdependent organizations that reaches from the point of product origin to the consumer, which results in the "Placement" part of the marketing mix.
a. facilitating agency or place member
b. selective distribution channel
c. marketing channel or channel of distribution
d. transportation channel or channel of movement
e. marketing mix intermediary
Answer:
C) marketing channel or channel of distribution
Explanation:
The distribution channel (or marketing channel or downstream supply chain) refers to the chain of businesses that act as intermediaries through which a product or service passes. The distribution channel starts at the producer of the product or service and ends in the final customer.
There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: They are time, ______, cost, and supporting metrics. Group of answer choices
Answer:
Quality
Explanation:
Logistics and supply chain management performance is best evaluated by examining time required to carry out task, the quality of task at hand, the cost to be expended and the supporting metric.
Answer:
There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: They are time, QUALITY, cost, and supporting metrics. Group of answer choices
Explanation:
Performance measures and metrics are essential for effectively managing logistics operations, particularly in a competitive global economy. The global economy is featured with global operations, outsourcing and supply chain and e-commerce. The real challenge for managers of this new enterprise environment is to develop suitable performance measures and metrics to make right decisions that would contribute to an improved organizational competitiveness and these metrics are time, quality, cost and supporting metrics.
What is the set of rules that determines how sales and conversions get credited based on touch-points in the conversion path?
A) Attribution modeling.
B) Conversion tracking.
C) Channel Groupings.
D) Multi-Channel Funnels.
Answer:
A) Attribution modeling
Explanation:
The attribution model in Google analytics is the set of rules that determine how credit for sales and conversions is assigned to touchpoints (clicks) in conversion paths. Different attribution models affect the conversion values of a company's marketing channels in different ways. Some attribution models favor channels that initiates conversion paths while others favor the last channels.
There are seven attribution models, for example: the last interaction model assigns 100% credit to the final touchpoints that immediately precede sales, or the last Google Ads click model assigns 100% credit to the paid search channel.
Dell first chooses whether to offer Symantec $30 or $20 for each copy of its software, and then Symantec responds by either accepting or rejecting the offer. The strategies and corresponding profits (in millions) for Dell (D) and Symantec (S) are depicted in the decision tree to the right. What is the Nash equilibrium of the game?
A. Dell will offer $30 per copy of the software and Symantec will accept the offer.
B. Dell will offer $30 per copy of the software and Symantec will reject the offer.
C. Dell will offer $20 per copy of the software and Symantec will reject the offer.
D. Dell will offer $20 per copy of the software and Symantec will accept the offer.
Answer:
The correct answer is Dell will offer $20 per copy of the software and Symantec will accept the offer.
Explanation:
A Nash equilibrium is a situation in which all players have put into practice, and know that they have done so, a strategy that maximizes their earnings given the strategies of others. Consequently, no player has any incentive to individually modify their strategy.
It is important to keep in mind that a Nash equilibrium does not imply that the best joint result for the participants is achieved, but only the best result for each of them considered individually. It is perfectly possible that the result would be better for everyone if, in some way, the players coordinated their action.
In economic terms, it is a kind of imperfect balance of competition that describes the situation of several companies competing for the market of the same good and who can choose how much to produce to try to maximize their profit.
______________ assumes that innovation is occurring within a highly uncertain environment and that the key to fast product innovation is to use intuition, flexible options, and hands-on experience to reduce uncertainty and accelerate learning and understanding.
Answer:
Experiential Approach to Innovation
Explanation:
The correct word for the given statement is Experiential Approach to Innovation
So in fill in the blanks the word will be Experiential Approach to Innovation
The experiential methodology expect that instinct, adaptable alternatives, and hands-on experience can decrease vulnerability and quicken learning and comprehension.
A compression way to deal with advancement works best during times of steady change.
Since hazard insurance premiums are paid up-front, the buyer will have to reimburse (credit) the seller a portion of the premium at the closing. Suppose that the insurance policy’s coverage began on December 15 of the prior year and the property transaction is set to close on March 16 of a 365-day year. The premium paid originally by the seller was $250. If the coverage will expire as of the end of day December 14 in the current year, what is the dollar amount that the buyer must credit the seller?
A. $0.00
B. $62.33
C. $187.67
D. $250.00
Answer: c
Explanation: $187.6
Which of the following are government policies designed to deal with monopolies?
i. Try to make monopolized industries more competitive.
ii. Regulate the behavior of monopolies.
iii. Turn some private monopolies into public enterprises.
iv. Do nothing at all.
Answer:
All options apply
Explanation:
i) The government can establish antitrust laws to increase market competition.
ii) The government can set rules that regulate the behavior of monopolies, e.g. setting price ceilings
iii) Some natural private monopolies can be bought by the government (usually local or regional) and turned into public companies, e.g. utilities
iv) The government can simply do nothing at all and hope that the market will by itself correct this issue when new competitors enter the market, e.g. Microsoft
To deal with monopolies, governments generally employ several strategies like fostering competition in monopolized industries, regulating monopolies, or turning private monopolies into public enterprises. However, some may choose to 'do nothing at all’, though this is less common.
Explanation:The government employs a variety of policies to deal with monopolies. These strategies include attempts to foster competition in monopolized markets, regulation of monopolies to limit their power, and in some instances, converting private monopolies into public enterprises. However, some government policies might not interfere with monopolies and prefer to 'do nothing at all', although this approach is less common as an unchecked monopoly can cause market failure.
Fostering competition can include measures such as antitrust laws and deregulation, which aim to encourage competition and discourage monopolistic behavior. Regulating monopolies could involve setting price caps or quality standards to protect consumers. Turning private monopolies into public enterprises generally occurs when a government considers a particular industry as a necessary public service that should be accessible to all. This is commonly seen in sectors like healthcare, education, and public transportation.
Learn more about Government Policies on Monopolies here:
https://brainly.com/question/34556488
#SPJ3
You are going to the movie theater with your grandparents and your younger brother. Senior citizen tickets cost $6, your ticket cost $6.25 and your brothers cost $4.25. If you spent an additional $20 on soda and popcorn, what is the total cost of your trip to the movie theater?
Final answer:
The total cost of the trip to the movie theater is $42.50, which includes the tickets for your grandparents, yourself, your younger brother, and the additional $20 spent on soda and popcorn.
Explanation:
The total cost of the trip to the movie theater can be calculated by adding the cost of each ticket and the additional expenses on soda and popcorn. Here is the breakdown:
Now, we sum up all the costs to find the total:
Total Cost = Senior citizen tickets + Your ticket + Your brother's ticket + Additional expenses
Total Cost = $12.00 + $6.25 + $4.25 + $20.00 = $42.50
Therefore, the total cost of your trip to the movie theater is $42.50.
Decision Point: What Information You Should Collect During the First Call The next step in the Welcome Home selling process includes a phone call to each qualified prospect from a sales agent. Like all salespeople, the Welcome Home agents want to make the best impression possible when they finally meet the client face to face in the model home. Agents use the phone call as an opportunity to gather information that would be useful in their first meeting. What information do you recommend that the agent try to collect during the call to make their first meeting with the client the most valuable?
Answer:
The most valuable recommended information for an agent to try to collect during the call to make their first meeting with the client might include age, gender, job, hobbies so agent could use this psycho demographic features for his customers´prospecting.
Explanation:
Turning prospect into paying customers is an agent´s most valuable goal either by warm or cold calling.
Warm calling is contacting a prior prospect who has shown an interest in your product or company and it is more efficient and effective than cold calling which can be a surprise to the possible customer so keep your in mind, identify yourself properly, ask open-ended questions, use proper tone of voice to lead him/her, be attentive.
Before you start calling you need to create a positive script with the correct questions to "connect" or link your prospect voiding frustrating or upsetting it and be constant.
Policymakers focus on marginal tax rates changes when making changes in the tax code because the marginal tax rate:_____
a. always equals the average tax rate which is harder to measure.
b. determines how much revenue the government will have to spend.
c. determines how tax revenue will change as national income increases.
d. affects people's willingness to work save, and invest.
Answer:
d. affects people's willingness to work save, and invest.
Explanation:
Marginal tax rate by definition is the rate of tax charged when an individual makes an additional dollar of income. If workers are charged higher tax rates , they are more likely to work less, to not look for higher paying jobs or not work at all than if they faced lower rates. A lower tax rate may be a good idea for policymakers but it could eliminate assistance given to poor families and individuals. Therefore each option has a tradeoff.
Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time help. As for her personal expenses, her apartment costs her $12,000 per year and her personal bills are an extra $6,000 per year. What is Jacinda's opportunity cost of running the business?
Final answer:
Jacinda's opportunity cost of running her florist business includes the $42,000 annual salary she gave up by quitting her blackjack dealer job and her explicit business expenses, totaling $44,000 per year.
Explanation:
The opportunity cost of running a business includes not only the explicit monetary costs but also the implicit costs, which are the benefits foregone when choosing one alternative over another. In Jacinda's case, she gave up her job as a blackjack dealer, which paid $42,000 per year, to start her florist business. Therefore, this foregone salary is part of her opportunity cost. Additionally, her business expenses total $44,000 per year ($14,000 on rent, $21,000 on supplies, and $9,000 on part-time help). We do not include personal expenses in the calculation of opportunity cost, as these would likely be paid whether she ran the business or worked as a dealer.
If the annuitant dies during the annuity or payout phase, the remaining value in the account will be:___________.
If the annuitant dies during the annuity or payout phase, the remaining value in the account will be added to the deceased annuitant's estate for valuation.
Explanation:
When you leave the death benefit to a non-contractor, the balance is included in your total property value. It may not pass the proof process because it is left to a beneficiary, but that does not imply that the value of the rent does not form part of your property assessment for tax purposes.
Custom arrangements are being formed with insurance companies to show if the money is being disposed of, and if so, who can take it inherited. These contracts generally include provisions on death benefits that enable the owner to identify the beneficiary, either for the larger amount of money remaining on the account or for a minimum required.
Michael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Pensacola State College. The business has cash of $8,000 and furniture that cost $9,000 and has a market value of $13,000. The business debts include accounts payable of $6,000. Michael's personal home is valued at $400,000, and his personal bank account has a balance of $1,200. Identify the principle or assumption that best matches the situation:
Answer:
A) Economic Entity Assumption
B) Cost Principle
C) Monetary unit assumption
D) Going concern assumption
Explanation:
A) As the business properties (Apartment Exchange) are separated from personal assets by not recording those personal assets in the balance sheet, it is the economic entity assumption. Economic Entity Assumption refers to the state that the properties of owners should be separated from the business properties.
B) The company records furniture in the balance sheet at the cost of $9,000 instead of the market price of $13,000. It is an example of the cost principle. Cost principle states that the cost price of an asset should be recorded in the balance sheet at the time of purchasing the asset instead of a recent or market price.
C) As the company records its financial statements in U.S. dollars, it matches with the monetary unit assumption. According to the monetary unit assumption, business corporation's transactions are expressed through a monetary value of that country's currency. Here, Apartment Exchange company's transactions are measured and expressed through a specific currency, and it is a reliable unit.
D) As Michael expects the company to remain in operations for the foreseeable future, it is the assumption of the going concern assumption. According to the going concern assumption, a company will continue to operate in the market for the foreseeable future. It may only stop only when the owners want to liquidate their assets.
Including positive personal qualities on your résumé can help compensate for lack of paid work experience.
A.True
B. False
Answer:
True
Explanation:
Employers analyse and examine resume to find the best candidate for the job. Employers look for different qualities in a candidate such as personal qualities, education, work experience etc. If a person has less work experience - employers generally look for personal qualities, and it is said that personal qualities can compensate for a lack of work experience.
Refer to the following table:The net incomeor loss for the year wasa) 7,700b) 12,800c) 5,900d) 15,100Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Michael's Landscaping at December 31, 2013, the end of its first year of operations.Accounts receivable $25,000Accounts payable 3,500Salary expense 4,500Repairs expense 800Truck 8,500Equipment 6,300Notes payable 8,200Cash 6,800Supplies expense 1,600Service revenue 22,800Gasoline expense 800Salary payable 2,200The owner, Michael Mower, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use.
Option D , 15,100
Solution:
The formula for net income is calculated through total expenditures subtracted from total revenues.
Net Income = Service Revenue - Salary Expense - Repairs Expense - Supplies Expense - Gasoline expense
= $22,800-$4,500-$800-$1,600-$800
= $15,100
Net Income = $15,100
To calculate Michael's Landscaping's net income for the year, total revenue of $22,800 is subtracted from total expenses of $7,700, resulting in a net income of $15,100.
Explanation:To determine the net income or loss for the year for Michael's Landscaping, we need to calculate the total revenues and subtract the total expenses. In this case, the Service revenue represents the total revenue amount, while the other listed items (except for Accounts receivable and payable, Truck, Equipment, Cash, Notes payable, and Salary payable) represent expenses.
The total revenue is $22,800 (Service revenue). The total expenses are the sum of Salary Expense, Repairs Expense, Supplies Expense, and Gasoline Expense, which equal $4,500 (Salary expense) + $800 (Repairs expense) + $1,600 (Supplies expense) + $800 (Gasoline expense) = $7,700 in expenses. Therefore, the net income is calculated as:
Net Income = Total Revenue - Total Expenses = $22,800 - $7,700 = $15,100.
So, the correct answer is (d) $15,100.
Betsy is a social butterfly at work. She frequently leaves her work station to visit friends in other areas. She has befriended most of her coworkers on social media and volunteers to help with every social event the company offers. According to McClelland, Betsy is high in need for ____________.A. power
B. esteem
C. achievement
D. affiliation
E. recognition
Answer:
D. affiliation
Explanation:
Based on the information provided within the question it can be said that the Betsy is high in need for affiliation. This means that Betsy is always needing to be part of a social group, whether it be volunteering at a social event, or visiting friends, she needs to be part of something with other individuals in order to feel a sense of fulfillment.
Southern Security makes safes for storing valuables. When Ed sold safes for the company, he would deal with a prospect's concerns such as the cost of the safe and then ask, "Are you ready to purchase a safe for your family, or are there other concerns that we need to discuss?" When Ed asked this question, he was ________.
Answer:
in which stage of the selling process of Close.
Explanation:
In terms of sales, closing is simply defined as the instant when the transaction is made by a prospective or consumer.
So few opportunities close themselves, making it possible to initiate the closing for the salesperson.
This could be unsettling, especially for new salespersons, because it ends up leaving the salesperson exposed to the possibility of being rejected.
The retail environment in developing countries presents challenges for marketing nonperishable items. In Mexico, Proctor & Gamble, Unilever, Colgate-Palmolive, and other global consumer product companies use both ________ and _________ for their products, which requires two different channel strategies.
Answer: mom and pop stores
Explanation:
Mon and pop stores are individually owned stores often a family business that sells global consumer product produced by big brands. They are always open at one location in the neighborhood, and are easily accessible. This type of business help boost the economy of a local community.
Ron is a sales representative for Staples. He works in a business-to-business environment trying to sell office supply products to offices. He works to build long-term associations with his customers by regularly communicating with them. He spends a long time listening to their needs and provides support after the sale. Which type of selling is Ron engaged in?
A) Order takingB) Team sellingC) Technical sellingD) Missionary sellingE) Trade selling
Answer: C) Technical selling
Explanation:
Technical selling or technical sales is an act in which a sales person helps to address customer's needs by understanding what they needs which is a determinant of what product to buy.
Technical selling involves the sales personnel addressing the need of customers, explaining the type and features of the product they needs, network with them and make sure they are satisfied.
A technical sales person must have the ability for effective communication and have good interpersonal skills so as to maintain a good relationship with customers.
A customer buys 5 ABC Jan 30 Straddles for a total premium of $3,500. Just prior to expiration ABC stock closes at $21, and the customer closes the options positions at intrinsic value.
The customer will have a:
A. $1,000 gain
B. $1,000 loss
C. $3,500 gain
D. $3,500 loss
Answer:
A) $1,000 gain
Explanation:
When a client buys a straddle, he is purchasing a call and a put option on the same stock with the same strike price and expiration date.
this client bought 5 ABC Jan 30 calls and 5 ABC Jan 30 puts:
each contract was worth $700 (= $3,500 / 5 contracts)
If the price of the stock fall below $30, the call option will not be taken, but the put option will be enforced. Since the value of the stock is $21, this means that the put option resulted in a $900 profit (= ($30 - $21) x 100).
The client paid $700 for each option, therefore his profit per option = $900 - $700 = $200
His total profit = $200 x 5 options = $1,000
What are the two most common adjustments made during a month with a universal life insurance policy?
Answer:
1. Cost of Insurance
2.Cash Value
Explanation:
Universal life insurance premiums consist of two components:
1. Cost of Insurance (COI) amount
2. A saving component which is known as the cash value
In a universal life insurance policy, the two most common adjustments made during a month that each month, the cost of the death protection is deducted from the cash value, and the current interest rate is credited. In other words we explain as the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. The policy is debited each month by a cost of insurance (COI) charge as well as any other policy charges and fees drawn from the cash value, even if no premium payment is made that month
An online marketing organization designed a social media that wants to earn at least $250,000 in revenue. The campaign will reach 10,000 viewers and receive orders with a mean of $50 and standard deviation of $10. Which measure should be used to determine the probability of the campaign receiving at least $250,000?
Answer:
Z Score
Explanation:
A Z-Score is a statistical measurement useful in determining the relationship between the mean of a group of values as well as the standard deviations from the mean. A Z-Score is is measured in terms of 0s and 1s, a score of 0 shows that the data is very close to the mean score while a score 1 indicates that the value determined is at least one standard deviation from the mean. A positive z-Score indicates that the value is above the mean while a negative z means the value is below the mean.
Z Score Formla=
z = X - μ / σ.
X is the figure to be examined
μ = the mean
σ= the Standard Deviation
Peggy offers to sell Shelby a purebred Scottish terrier puppy for $800. Shelby and Peggy do not discuss the dog's ancestry, but Shelby believes that the dog came from champion lines and agrees to the price. Shelby later discovers that the puppy is worth only $200. Can Shelby rescind the contract based on her mistake?
Answer:
Shelby cannot rescind the contract based on her mistake because she made a unilateral mistake when engaging in the contract, but Peggy is not responsible for that mistake. Shelby's mistake is considered a value mistake since she miscalculated the value of the dog.
If the mistake was a about a material fact (e.g. believing to buy one dog but actually buying another dog) then the contract could be rescinded, but if its a value mistake probably not.
Marsha is a sole proprietor of a small quilting shop. She has considered changing her business structure, but she cannot find an alternative structure that would give her the main advantage she enjoys as a sole owner. The major advantage is that she ________.
Answer:
she receives all the profit
Explanation:
Based on the information provided within the question it can be said that the major advantage of being a sole owner is that she receives all the profit. This is because she does not share ownership with anyone and handles all the business tasks and responsibilities herself. Therefore she does not have to share in the profits and all the profits are her's alone. Which other structures will not give her this advantage.
Marsha is a sole proprietor of a small quilting shop. She has considered changing her business structure, but she cannot find an alternative structure that would give her the main advantage she enjoys as a sole owner. The major advantage is that she has complete control over decision-making and the direction of the business.
As a sole owner, she can make decisions independently without needing to consult with partners or shareholders, allowing her to quickly adapt to changes, implement her vision for the shop, and manage daily operations according to her preferences.
This autonomy can be especially beneficial in a small business setting where flexibility and personal touch are crucial for success.
In contrast, other business structures such as partnerships, corporations, or LLCs often require shared decision-making, more formalized processes, and compliance with additional regulations.
While these structures offer advantages like liability protection and potential tax benefits, they may dilute the control Marsha currently enjoys.
Determine whether each of the following is covered by microeconomics or macroeconomics. a. What price to charge for an automobile
b. Measuring the impact of tax policies on total consumer spending in the economy
c. A household’s decision regarding how much to work each week
d. Designing a government policy to increase total employment
Answer:
Determine whether each of the following is covered by microeconomics or macroeconomics.
a. What price to charge for an automobile : this is covered by microeconomics because it determines the demand and the supply of the sales of automobile
b. Measuring the impact of tax policies on total consumer spending in the
economy : This is covered by a macroeconomics because it has to do with a long term policy, there are so many things that would be employed to measure the impact of such policies over time
c. A household’s decision regarding how much to work each week: This is covered by a microeconomics because it has to do with applying opportunity forgone which makes the decision of the highest priority on top of list
d. Designing a government policy to increase total employment: It involves macroeconomics because of the volume and time impactation
Explanation:
The board of directors of Bosco Company declared a cash dividend on November 15, 2017, to be paid on December 15, 2017, to stockholders owning the stock on November 30, 2017. Given these facts, the date of November 30, 2017, is referred to as the_________.a. declaration date.b. record date.c. payment date.d. ex-dividend date.
Answer:
a. declaration date
Explanation:
Declaration date refers to the the period the board of directors announced the next dividend payment. In the case of Bosco Company, the month of November 2017 is the declaration date.
________ involves the study of an individual's involuntary responses to marketing stimuli, including eye movement, heart rate, skin conductance, breathing, brain activity (using functional magnetic resonance imaging [fMRI]), and brain waves (electroencephalography [EEG]).
a.Neuromarketing
b.Neuroscience
c.Cerebromarketing
d.Stimulus marketing
Answer:
A. Neuromarketing
Explanation:
Neuromarketing uses functional magnetic resonance imaging and brain waves to study the involuntary responses to marketing stimuli of an individual
Neuromarketing is the study of involuntary responses to marketing stimuli via neuroscientific methods such as fMRI and EEG to understand consumer behavior and tailor marketing strategies.
Explanation:The study of an individual's involuntary responses to marketing stimuli, such as eye movement, heart rate, skin conductance, breathing, brain activity using functional magnetic resonance imaging (fMRI), and brain waves using electroencephalography (EEG), is known as neuromarketing. Neuromarketing employs neuroscientific methods to understand the consumer's black box, which contains the buyer characteristics and the decision process that elicits responses to marketing stimuli. The stimuli considered in neuromarketing can be interpersonal or intrapersonal and involve planned marketing activities as well as environmental factors influenced by social, economic, political, and cultural circumstances.
Neuromarketing uses tools like functional magnetic resonance imaging (fMRI) and EEG to record neurological responses and create a detailed understanding of how consumers react to different marketing stimuli, enabling companies to tailor their marketing strategies more effectively.