Answer:
The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.
The key factor distinguishing retailers from other members of the supply chain is that they sell to customers for their personal use.
<h3>What do you mean by customers?</h3>
- A client is someone who purchases goods, services, products, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration.
- This definition applies to sales, business, and economics.
- Customers who frequently purchase from a business establish conventions that enable regular, sustained trade, which enables the business to create statistical models to improve production procedures (which alter the nature or form of goods or services) and supply chains (which changes the location or formalizes the changes of ownership or entitlement transactions).
<h3>What types of customers are there?</h3>
- 5 different consumer types
- New customers.
- Impulsive buyers.
- Angry customers.
- Persistent customers.
- Loyal customers.
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The correct alternative is the letter D. Gallon of milk to use in a bowl of cereal, this being the product that is an example of a consumer good.
<h3 /><h3>What is a consumer good?</h3>
Corresponds to a product used by the final consumer, that is, individuals or families for the immediate satisfaction of a need, such as food, personal hygiene and cleaning products.
Therefore, an individual's income will always have a part destined for consumer goods, which are essential for their health and quality of life.
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