Luci and sherry have decided to lease some newly built premises for the purpose of opening a seafood outlet. They intend to provide a wide range of different products, includind a variety of seafood for sale and take-away fish and chips.
Discuss the types of economic decisions that they will be required to make, and the information that they will need to make those decisions. Distinguish non-economic and economic information, identify non-economic decisions that they will also be required to make. Discuss why Luci and Sherry may require the service of an accountant.
Answers
Answer:
Explanation:
When Luci and sherry decide to start a sea food outlet. The first discussion which is very needy, When consumers are asked what is most important when choosing food, taste is the most likely response.
Economic considerations may also influence consumer food choice behavior. Evidence suggests that seafood is a good substitute for other protein foods.
when consumers are presented with new information, like balancing health benefits with risks of seafood choices, food choice behavior theories suggest that they will interpret and respond to this information in light of their existing beliefs, attitudes, and habits, and will be influenced by situational factors as much as or more than by the content of the information.
Ingredient labeling gives consumers content information about packaged seafood products. That make it more informative and attract the cutomers.