It is based on level of consumer depending upon the consumer behavior.
Consumer behavior
There are different stages consumer pass through to reach a buying decision making. Consumer decision making process represents a problem-solving approach and involves the following five stages – need recognition, information search, evaluation of alternatives, purchase decision and post-purchase behavior .
Extensive problem-solving. Consumers have not yet established a criteria for evaluating the product.
Limited problem-solving. Consumers have established a basic criteria for product evaluation.
Routinised-response behavior. Consumers have some experience with the product category.
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As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is imported has
As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is imported has decreased
U.S. tariffs imposed on wool from New Zealand:
Strong political pressure and lobbying from a domestic industry seeking protection culminated in the United States imposing taxes and quotas on lamb imports into that nation in July 1999.
The US sheep industry's assertions that imports of lamb, primarily from New Zealand and Australia, are endangering its existence are unfounded. Since more than 50 years ago, lamb consumption in the US has been progressively falling, and the sheep industry's fortunes have followed suit.
New Zealand and Australian lamb imports have not caused the decline in lamb consumption by the American consumer or the progressive demise of the US sheep industry.
In fact, New Zealand and Australian imports have stopped lamb from disappearing off US supermarket shelves
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Low-income countries tend to have lower levels of human capital and physical capital, so an investment in capital deepening should have a larger _________ in these countries than in high-income countries, where levels of human and physical capital are already relatively high.
Low-income countries tend to have lower levels of human capital and physical capital, so an investment in capital deepening should have a larger marginal effect in these countries than in high-income countries, where levels of human and physical capital are already relatively high.
Because declining returns (especially to capital) are less pronounced than in capital-rich countries, developing countries have the ability to grow more quickly than industrialized ones. Furthermore, developing nations' institutions, technologies, and manufacturing processes can be adopted by less developed nations.The term "capital deepening" describes a rise in the amount of capital per worker, whether that be physical capital per worker or human capital per worker, such as increased education or skill levels.What causes capital deepening?
An increase in the capital-labor ratio is referred to as capital deepening. Either a rise in capital stock or a decline in the labor force might result in a higher capital-labor ratio.Learn more about capital deepening
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Arbitration has a ________ level of control over the final outcome and a ________ level of control over the process.
Arbitration has a high level of control over the final outcome and a low level of control over the process.
Arbitration:
Alternative dispute resolution techniques like arbitration can be used to settle conflicts outside of the legal system. One or more people will decide the issue, making the result a "arbitration award."
By agreement of the parties, a dispute is presented to one or more arbitrators through the arbitration process, who then render an official ruling on the matter. Instead of going to court, the parties choose arbitration as a private conflict settlement process.
When two divorce parties are unable to come to an agreement on terms and invite a third party to assist them in their negotiations, it is an example of an arbitration.
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An information system for a building company that tracks construction costs for various projects across the United States would be categorized as a type of: MIS. KPI. GDSS. BPM. GSS.
An information system for a building company that tracks construction costs for various projects across the United States would be categorized as a type of GDSS.
Group Decision Support System is referred to as GDSS. It is a system that aids in decision-making and has been set up and structured in such a way that group members can engage with one another to reach a particular conclusion.
A formal, sociotechnical, organizational structure called an information system (IS) is created to gather, process, store, and distribute information. Information systems are made up of four elements from a sociotechnical standpoint: the task, the people, the structure (or roles), and the technology.
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If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause a. an increase in the price of the good and an increase in the number of firms in the market. b. an increase in the price of the good but no increase in the number of firms in the market. c. no impact on either the price of the good or the number of firms in the market. d. an increase in the number of firms in the market but no increase in the price of the good.
(A) An increase in the price of the goods and an increase in the number of firms in the market.
What is the market supply curve?The link between total output and the average marginal cost of creating this output is measured by the market supply curve. One justification for sketching supply curves with P on the vertical axis is the interpretation of the market supply curve as a marginal cost curve.What happens when demand increases in a perfectly competitive market in the long run?An increase in demand generates economic profit in the short run and encourages entry in the long run in a perfectly competitive market in long-run equilibrium; a decrease in demand generates economic losses (negative economic profits) in the short run and forces some businesses to leave the industry in the long run.Growth in the number of firms in the market, as well as an increase in the price of the goods.If the long-run market supply curve for an item is perfectly elastic, an increase in demand will raise the price of the goods and increase the number of businesses in the market in the long run.Solution -As it is given above if the long-run market supply curve for an item is perfectly elastic, an increase in demand will raise the price of the goods and increase the number of businesses in the market in the long run.
Therefore, an increase in the demand for that goodwill, in the long run, causes (A) an increase in the price of the goods and an increase in the number of firms in the market.
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A situation in which accepting one investment prevents the acceptance of another investment is called the: multiple rates of return decision. issues of scale problem. mutually exclusive investment decision. operational ambiguity decision. net present value profile.
mutually exclusive investment
Current projections indicate that by the year 2030, there will be ______ tax-paying workers for every retiree collecting Social Security.
Current projections indicate that by the year 2030, there will be 2.0 tax-paying workers for every retiree collecting Social Security.
A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised.There are two main categories of taxes: direct taxes and indirect taxes. Both taxes are implemented in different ways. Some taxes, like the dreaded income tax and corporate tax, are paid directly by you, while others, like sales tax and service tax, are paid inadvertently.The government uses taxes to fund a variety of welfare programs, including job initiatives.Thus this is the answer.
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If a product is targeted to a risk-seeking individual who is college educated, makes above $100k a year, belongs to a local extreme sport club, reads Fight! magazine, and takes two vacations a year to exotic places, what type of segmentation has been used to market the product
(B) Psychographic segmentation has been used to market the product.
What is Psychographic segmentation?
Psychographic segmentation is a type of market segmentation that divides consumers into sub-groups based on similar psychological features, such as subconscious or conscious beliefs, motives, and priorities, in order to explain and anticipate consumer behavior.What is decision maker segmentation?A segmentation plan assists in narrowing the scope of your business or product to the people you are most likely to be able to serve, bringing focus to the demands that should be targeted in your marketing communication.What is behavioral segmentation?Behavioral segmentation separates customers into categories based on their behavior patterns or behavioral data, allowing marketers to target certain behaviors that increase the likelihood of their intended outcomes.As the definition says Psychographic segmentation is a type of market segmentation that divides consumers into sub-groups based on similar psychological features. and in the given situation the sub-group is the college-educated.
Therefore, (B) psychographic segmentation has been used to market the product.
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Complete question:
1. If a product is targeted at a risk-seeking individual who is college educated, makes above $100k a year, belongs to a local extreme sports club, and reads Fight! magazine, and takes two vacations a year to exotic places, what type of segmentation has been used to market the product?
a. decision maker segmentation
b. psychographic segmentation
c. behavioral segmentation
In the ______ decision-making process, everyone can say they have been heard and will support the final decision.
In the Brainstorming decision-making process, everyone can say they have been heard and will support the final decision.
What is Brainstorming?Through the use of a list of ideas that members of the group voluntarily submit, brainstorming is a strategy for fostering collective creativity that aims to solve a particular problem.In other words, brainstorming is a circumstance where a group of people gathers to produce fresh concepts and solutions for a certain area of interest while letting go of inhibitions. People have more mental freedom and offer as many original, unplanned ideas as they can. Following the brainstorming session, all of the ideas are recorded without any criticism.Each person in a circle writes down one idea, gives the piece of paper to the next person, who adds some further ideas, and so on.To learn more about Brainstorming refer to:
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An example of a company connecting with customers to add value in its package redesign strategy is Blank______.
An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.
What is a redesign strategy?A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.
Steps to a successful redesign of business processes:
Set precise objectives.Prioritize each business process after identifying it.Make data collection and processing a regular part of your working day.A single workflow.Give authority to those in charge of processes.Single-source information collection.In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.
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Which of the following defenses can an alleged infringer use to prove that the patent is invalid? Group of answer choices The invention was previously unknown. The invention is a novelty. The invention has utility. The invention has produced unexpected results. The invention is obvious.
What are 10 things that makes a business a disruptor? (must have 10 reasons cannot be the same)
Some of the things that make a business a disruptor are:
Unstable expectationsIrregular business modelsInconsistenciesComplex business modelsComplex ecosystemsLack of job satisfactionWhat is a Business Disruptor?This refers to the factors that disrupt the normal flow of a business due to inconsistencies, etc.
Hence, we can see that based on the fact that for an effective business to run, it needs to have good vision and mission statements that are clear and easy to follow.
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A limitation of revenue-oriented pricing is that _______. a. it cannot be used by manufacturing companies b. the profit goals of a company are not taken into account c. it does not focus on maximizing the surplus of income over costs d. determining costs can be difficult for many services
A limitation of revenue-oriented pricing is that it does not focus on maximizing the surplus of income over costs.
*Revenue-oriented pricing (also known as profit- oriented pricing or cost based pricing) where the marketer seeks to maximize the profits (i.e. the surplus income over costs) or simply to cover costs and break even.
* It is plan that focuses on increasing company income by maximizing both short and long term sales potential.
*Having a dedicated strategy of this kind is critical, as it is near impossible to grow revenue without a documented plan of action.
The only limitation is it focuses on maximizing the surplus of income over costs.
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All of the following are considered to be knowledge workers except: engineers. executives. designers. architects. researchers.
All of the following are considered to be knowledge workers except executives. This is further explained below.
What is executives?Generally, Those in a position of management or supervision inside an institution.
In conclusion, Other than CEOs, the following are all examples of knowledge workers.
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An auto company decided to relocate its offices from Huntsville, Alabama to Orlando, Florida. The human resources manager of the auto company refuses to relocate to Orlando due to family obligations. While she is searching for a new job, the manager will be considered: Group of answer choices Cyclically un
In the given case the human resource manager will be considered frictionally unemployed. Thus the correct answer is B.
What is unemployment?Unemployment is the situation in which an individual is unable to find any job or occupation to meet the financial needs of life after having all the required talents and qualifications.
Frictionally unemployment is a situation when an individual is relocating to another job from one job. In the given situation the manager is not terminated.
The human resource manager resigned from the job due to obligations from family. This shows that she has the skills and talents to pursue and join another job. The period in which she is searching for a job is considered frictional unemployment.
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Increased flexibility, breadth and depth of knowledge and experience, and less duplication are advantages of: Group of answer choices The Functional Organization The Informal Organization The Formal Organization The Project Organization The Matrix Organization
The answer is Functional Organization.
A functional organizational structure is a structure used to organize workers.
They are grouped based on their specific skills and knowledge.
There are many advantages to employing a functional structure in your business. They include:
Increased productivitySkill developmentClarityMinimized cost of operationWheras, one of the disadvantage of informal organization is less depth of knowledge and experience.
Similiarly, one disadvantage of matrix organization is increased duplications.
Hence, Increased flexibility, breadth and depth of knowledge and experience, and less duplication are advantages of Functional Organization.
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A basic Customer Relationship Management premise is that: a. each individual customer is limited to a single sale. b. customers form relationships with companies as opposed to companies conducting individual transactions with customers. c. acquiring new customers is more profitable than maintaining loyal customers. d. customers relationships are best established when companies primarily focus on conducting individual transactions with customers. e. storing customer information on company databases is most likely to sour relationships with customers.
A basic Customer Relationship Management premise is that (B) customers form relationships with companies as opposed to companies conducting individual transactions with customers.
A tool known as customer relationship management (CRM) is used to handle all interactions and relationships between your business and its clients. The objective is straightforward: to strengthen business ties. CRM systems assist businesses in maintaining contact with clients, streamlining procedures, and boosting profitability.Expressing gratitude to customers once they make purchases. If a customer buys a certain product, upsell or cross-sell to them. sending a coupon along with a birthday greeting. giving a customer who hasn't bought anything recently a discount.What is CRM and why is it important?
CRM enables organizations to establish a relationship with their clients, which fosters loyalty and client retention. CRM is a management technique that boosts a company's profits since customer loyalty and revenue are two factors that influence a company's revenue.Learn more about customer relationship management (CRM) /brainly.com/question/21299183
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You began operating a small general electric contracting company two years ago. Originally, it was just you and your cousin, but it has grown to five licensed electricians, plus one office manager who takes calls from customers, schedules the work, and orders parts and supplies. Your company handles a wide range of work, including installing new circuit breaker panels, rewiring existing electrical systems for renovations and additions, and installing residential light fixtures, security lighting systems, swimming pool lighting, and ceiling fans.
Business has really taken off, and your current manual systems and procedures can no longer keep pace. The office manager has been exploring several options and has identified three different software packages designed for small contractors. Each one of the packages includes features for managing parts and supplies inventory, scheduling jobs, and invoicing customers.
Two of the software packages are from large, well-known companies. One of these must be installed on your local network and has an initial licensing cost of roughly $750 plus $100 per year for software support. The second package is a SaaS solution accessed through a browser from any computer connected to the Internet. It has no initial fee but requires an annual subscription of $150 for the first user plus $50 annually for each additional user. The third software package is open-source software, with no initial cost and no support cost.
Which kind of software will best serve your company's needs?
a. Paid installed on-premises
b. Open source installed on-premises
c. Paid SaaS subscription
Paid SaaS subscription software will best serve your company's needs.
What is Paid SaaS Subscription Software?A method of distributing applications over the Internet as a service is known as software as a service (or SaaS).You can avoid complicated software and hardware maintenance by just accessing software over the Internet rather than installing and maintaining it.SaaS applications are also referred to as hosted software, web-based software, and on-demand software.Whatever name they go by, SaaS applications run on the servers of a SaaS provider.Security, availability, and performance of access to the application are all managed by the supplier.What is Paid Installed On-Premises?Instead of being installed and run at a distant location like a server farm or cloud, on-premises software (abbreviated to on-prem and wrongly called on-premise).It is run on computers that are on the premises of the individual or business utilizing the software.Software that is used off-premises is typically referred to as "software as a service" ("SaaS") or "cloud computing," while software that is used on-premises is occasionally referred to as "shrinkwrap" software.The software is made up of databases and modules combined to specifically meet the special requirements of large businesses regarding the automation of corporate-wide business system and its functions.What is Open Source Installed On-Premises?Open source Installed On-Premises refers to software that has been made freely distributable and modifiable.Products come include the right to utilize the product's content, design papers, or source code. The open-source model is a decentralized approach to software development that promotes transparent teamwork. Peer production, with goods including source code, designs, and documentation being made freely available to the public, is a fundamental tenet of open-source software development.Open source encourages everyone to have access to a product's design or blueprint through a free or open-source license and to redistribute it widely.Before the word "open source" gained popularity, developers and manufacturers had employed a number of alternative phrases. With the growth of the Internet, open source became more prevalent.Know more about Paid SaaS Subscription Software https://brainly.com/question/11973901
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The most important economic effect of the internal combustion engine was trade became slower and less efficient. encouraging city workers to commute. increasing the price of gasoline. allowing goods to be shipped farther.
The most important economic effect that the internal combustion engine brought was allowing goods to be shipped farther.
How was the combustion engine beneficial?The combustion engine made it such that cars and other vehicles were able to move faster and over longer distances.
This allowed for goods and services to be shipped over great distances across the U.S. thereby increasing trade.
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Answer:
D
Explanation:
Missy, a licensee, desperately wants to be appointed the next California Real Estate Commissioner. For the three years she has held her California real estate license, she has been ranked in the top five in new home sales in her office. Missy has never had her license suspended or revoked, and prides herself on being ethical in every transaction and interaction. Does Missy have a chance
If Missy has never had her license suspended or revoked. No, Missy does not have a chance.
Whether Missy have a chance or notBased on the point Missy is currently in her career she does not have a chance.
In order for her to be chosen or selected for to the post of a California Real Estate Commissioner by the governor, she must have possess a minimum of five years working experience as a real estate broker.
Therefore she does not have a chance.
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Which best compares and contrasts the teaching and training careers and the professional support careers?
A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.
B) Both careers help students learn; however, teaching and training careers are involved in running the school.
C) Both careers are increasing the number of available jobs; however, professional support career earns less money.
D)Both careers have support careers; however, professional support careers assist in the classroom.
The teaching and training careers and the professional support careers can be compared because option A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.
What are teaching and training careers and the professional support careers ?They are both careers that is needed for the students so they can come out with flying colors.
For instance, teaching involves passing across knowledge to students, and the teacher is expected to use different techniques so that the students can cope and be successful academically.
Therefore, option A is correct.
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Can I Plss get some help on this
When a nation is producing at a point below their production possibilities curve, they are experiencing unemployment (second option).
What is the production possibilities curve?The Production possibilities curve shows the various combination of two goods a nation can produce when all its resources are fully utilised.
Points inside the production possibilities curve means that the nations resources are not being fully utilised. It could also indicate unemployment.
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One of the following statements is false. Which is it? i the time horizon and size of time bucket for the master production schedule can never be longer than those of the aggregate plan. Ii aggregate plans are implemented on a rolling horizon iii aggregate plans often perform planning for fictitious/abstract products iv aggregate planning is a highly integrative activity, requiring input from many areas of the organization, such as marketing, human resources, and accounting.
The statement III Aggregate plans often perform planning for fictitious/abstract products.
Combination-making plans refer back to the method of developing, retaining, and reading the approximate scope of the operations of a commercial enterprise corporation. It commonly includes targeted profits forecasts, stock stages, and manufacturing levels.
Aggregate planning is typically finished 365 days into the destiny. a few examples of combination making plans are hiring short people, shedding employees for a selected period, or bypassing education. This works as a powerful benchmark for diploma beneficial resource utilization and implementation.
The time period mixture means that the making of plans is completed for a single traditional measure of output or, on the maximum, a few aggregated product lessons. The purpose of aggregate planning is to set traditional output ranges within the near medium destiny in the face of fluctuating or unsure needs.
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g ational Scan, Inc., sells radio frequency inventory tags. Monthly sales for a five-month period were as follows: MonthSales (units) Feb.427 Mar.376 Apr.435 May465 Jun.315 What is your forecast for July sales volume using a three-month moving average
The forecasted sales for July using a three-month moving average is 405
What is Forecasting ?Forecasting is a very useful future analysis technique for demand and sales data for different units and processes. This method is used to estimate future sales and demand. It is also useful in trend analysis to evaluate future trends and forecasting.
The formula to compute three-month moving average MA(3) to forecast sales for the [tex]n^{th}[/tex] period is shown below:
[tex]Forecastperiod(n)[/tex] [tex]=[/tex] [tex]\frac{Y_{n-3} + Y_{n- 2} + Y_{n- 1}}{3}[/tex]
July = [tex]\frac{435 + 465 + 315 }{3} \\[/tex]
July = [tex]\frac{1,215}{3}[/tex]
July = 405
Thus , the forecasted sales for July is 405.
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Can I Plss get some help on this
If the unemployment rate is 10%, the relevant fiscal policy action would be to A. increase government spending.
Why should we increase government spending?When government spending is increased, it would lead to more jobs in the economy as the government hires people for projects.
Unemployment would also decrease as companies hire more people to produce as they receive more demand based on the increased government spending.
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The approximate worth of a customer to a company in economic terms is known as the _____. a. total customer value b. customer future value c. customer lifetime value d. customer present value e. net present value
The correct option is (c) customer lifetime value.
The approximate worth of a customer to a company in economic terms is known as the customer lifetime value.
Customer lifetime value (CLV) is the sum of a customer's value to a company over the course of their relationship. Increasing the value of your existing customers is a wonderful strategy to spur growth because it is less expensive to retain existing customers than it is to attract new ones.
Customer lifetime value, lifetime customer value, or life-time value are all terms used in marketing to forecast the net profit that will be generated over the course of a customer's entire future relationship.
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When organizations face a turbulent environment, intense competition, and the need to move fast, the most appropriate leadership would be:
When organizations face a turbulent environment, intense competition, and the need to move fast, the most appropriate leadership would be: transactional subordinate centered free rein transformational task-centered.
How can an organization attend to turbulent environment, intense competition?For an to respond to turbulent environment, intense competition, then the kind of leadership needed is transformational task-centered that would be able to observe the business environment to make necessary decision.
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How will forgoing traditional advertising in favor of a social media campaign using various social media technologies help Slice of Life Pizza
The traditional advertising in favor of a social media campaign using various social media technologies help Slice of Life Pizze by helping build connections between Slice of Life Pazand its customers.
Traditional advertising
According to this question in the form of traditional advertising , we are to discuss about how Life Pizze is been helped by campaign using various social media technologies.
As a result of this , we can see that , it help Life Pizze by helping build connections between Slice of Life Pazand its customers, hence great sales.
Therefore, option B is correct.
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Capital deepening refers to Group of answer choices The increase in quantity and quality of capital per worker A larger infrastructure and communication network The improvements in the education system The quantity of physical capital with better technology available in the economy
When capital grows relative to the number of workers, capital deepening occurs, enabling workers to produce more.
What is the capital deepening process?The process of capital deepening involves increasing the quantity of capital per unit of labor by making technological investments. This raises labor productivity, overall production, and production costs, which in turn increases contribution margin.
Take industrial workers in a car plant as an illustration. Workers can create more automobiles in the same period of time if they have more access to the equipment and tools needed to do it.
What makes capital deepening crucial?It is one of the ways we support long-term economic expansion and prospective output growth. Deepening boosts economic growth assuming that the labor supply (as shown by the work force) remains constant. People can employ the growing amount of capital items, such as machinery, to boost output.
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A homeowner hired a contractor to finish her basement. They agreed on a price of $20,000 for the job. During the final stages of the remodeling, the contractor discovered that there was mold in the basement, the existence of which had been unknown to either party. The contractor refused to complete the job unless the homeowner paid an additional $2,000 to the contractor for removal of the mold. The homeowner reluctantly agreed, and the contractor finished the basement in accord with the modified contract. The homeowner paid the contractor $20,000. In a breach of contract action to recover the $2,000, will the contractor prevail?
The inference is that the contractor will prevail because the homeowner agreed to the price increase.
What is an inference?It should be noted that an inference simply means the conclusion that can be deduced based on the information given.
In this base, inference is that the contractor will prevail because the homeowner agreed to the price increase.
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