Answer:
In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises.
Explanation:
Answer:
A. Directly related to the number of people in the area and inversely related to the distance people must travel to access it
Explanation:
When people seek certain type o products/services, the price and quality of the product are not the only factors for consideration. How easy they could obtain those products/services are also a major factor in the decision making.
The gravity model suggested that eventually costumers will drawn to specific location to seek their products/service that they deemed as an optimal location.
Answer: Low-involvement decision
Explanation:
Low involvement decision are the decisions of purchasing product or good without taking much self-risk .Consumer faces not much threat for buying such product and thus, there is not much requirement of thinking before buying product.
According to the question, Anita is using low-involvement decision for purchasing certain gum packs .She did not give much thought before buying as soon as she got to know her chewing gum in her bag is finished.
Answer:
Ears are the organs of hearing in animals. The primary function of ears in animals is to detect sound. Big ears of some animals like elephant, rabbit keep them cool. Ears help the animals to hear the sound of predators, so that they can escape and prevent themselves from them....
