Answer: Option E
Explanation: In simple words, physical evidence refers to the environment in which the customer and the seller met with the objective of exchanging services and money.
It is a important aspect of marketing mix as the success of the transaction that highly depends on the environment under which it takes place.
In the given case, Alicia and Jordan were fascinated by the special aura of the restaurant.
Hence from the above we can conclude that the correct option is E.
Why is it important to measure the growth of the economy?
- To help government planners make good decisions
Government organizations use information about the size and growth rate of the economy to set economy policy, interest rates, and trade policies.
Why are bear markets linked to recessions?
-Shareholders have little confidence in the economy.
A bear market is a period of consistently falling stock prices, which can lead to people selling off their stock while they are ahead which causes prices and confidence to continue falling.
The country must be sovereign and handle it's own affairs.
Answer:
Generally, the companies that win the best award are those that provide best training to its employees. As the employees are trained with...
Explanation:
When inflation occurs each dollar of income will buy fewer goods and services than before.
<h3>
What is inflation?</h3>
- In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation.
- Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
- Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.
- The annualized percentage change in a general price index, or the inflation rate, is the most widely used indicator of inflation.
- The consumer price index (CPI) is frequently employed for this purpose because price increases are not uniform across the board.
- In the United States, wages are also calculated using the employment cost index.
Therefore, when inflation occurs each dollar of income will buy fewer goods and services than before.
Know more about deflation here:
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