<span>Gregory's rules of thumb, which he uses in decision making, are known as heuristics.
Heuristic refers to a solution to a problem - it is something you employ in order to achieve the best results possible. These methods you use may not be perfect, but they will help you do what you intended to do properly.
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This would be the captain. If you need any further explaining, defining, or methods of answering, let me know and I'll do my best to help further. :)
The answers are
Savings accounts become less desirable because interest earned is lower than inflation
Individual purchasing power increases, which results in an increase in demand.
Answer:
Shopping Products
Explanation:
To simply put, we can divide consumer products in convenience speciality, unsought and shopping products. Consumer buying behaviour is an important determinant to classify a particular product in the market. Marketers classify a product based on the behavioral differences of the consumers. Keep in mind that this classification is not based on product but on consumer behaviour.
Shopping Product can be defined as a consumer product that the consumer, in the process of selection and purchase, characteristically compares with others on such base as suitability, quality, price and style.
