I believe that would be Personal Credit. Your contract is written between you and the store or chain. Consumer credit is generally a reference to a national economic measurement.
Companies may try to lower their labor costs by laying off higher paid workers.
Typically the higher paid workers will be professionals who have worked their way up over time and tend to be older, while younger workers fresh out of school and looking for their first jobs will be more willing to take lower salaries.
The country of origin effect happens when the place a product was manufactured influences how consumers perceive the product.
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What is a country of origin effect?</h3>
- COO stands for Country of Origin.
- The practice of marketers and consumers identifying brands with countries and basing purchasing decisions on the country of origin of the product is referred to as effect.
- The country of origin effect occurs when the location of a product changes how consumers perceive the product.
- Consumers assume product features based on country stereotypes and previous encounters with products from that country.
- As a result, a COO cue has become an essential information cue for customers who are more exposed than ever before to internationalized product selection and multinational marketing.
Therefore, the country of origin effect happens when the place a product was manufactured influences how consumers perceive the product.
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Answer:
1. Product invention.
2. Product extension.
3. Product adaptation.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
1. Product invention: it involves creating a totally brand new product to satisfy or meet common consumer needs across countries.
2. Product extension: it involves selling virtually the same product in other counties i.e sales of product that are the same in various countries.
3. Product adaptation: it involves changing a product in order to make it more appropriate or convenient for a county's climate or consumer preferences.
