Posts Tagged: changing consumer practices

Can the Consumer Resist Company Market Power?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

Goolsbee (2018) addresses the convenience factor and why we are too often bumbled into allowing a company the power to monopolize us. Questions: 1. What did researchers Brent Neiman and Joseph Vavra find out about individual purchases grocery and big-box stores? 2. Based on the Neiman and Vavra study, the more specialized the demand, the… Read more »

Black Friday Worries

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting.

According to this article, Black Friday Shoppers are opting out of the usual frenzied shopping day, because stores are diluting its effect with pre-Black Friday deep discounts. Questions: 1. Why did FDR move Thanksgiving? 2. When did Black Friday begin to lose its luster and why? 3. Which of the retailing changes in the article… Read more »