Answer:
the income effect now groverns your behaviour as you demand more leisure and the opportunity cost of leisure goes down
Explanation:
- In economics, the cost of opportunity refers to when one person or business chooses one advantage over another.
- When a person wins the lottery, the person's income increases. This increase in income motivates the person to choose more leisure at work. This means the person is ready to leave work for leisure. In this way, the potential cost of the holiday is reduced.
- And with an increase in a person's income, a person's purchasing power improves. Increasing purchasing power means the person seeks more rest. Therefore, choosing to retire at work with an increase in income indicates an income impact. Therefore, if a person decides to quit his job, that person's behavior will be controlled by the income effect.
Micromarketing is a marketing approach that permits an organization to goal a gap institution with a particular product or service. With micromarketing, an agency defines an audience by using a particular trait, including gender or task title, or age range, and then creates campaigns geared towards that precise group.
Micromarketing allows for saving charges because it narrows down the populace you target. Small micro-budgets are assigned for this form of advertising and marketing, and usually, it reduces the advertising charges for an organization. Micromarketing provides consumer-generated growth.
The marketing micro-environment contains different factors that a marketer has little influence over (to various stages). These surroundings consist of the business itself as properly understanding the encompassing components which are important to building a sturdy approach and gaining competitive gain.
Learn more about Micromarketing here:
brainly.com/question/7503238
#SPJ9
Typical performances of the entire “Messiah” are usually around 2 1/2 to 3 hours long
Answer:
The answer is: D) independent ; dependent
Explanation:
In an experiment the independent variable is the variable that is changed to test how it affects the dependent variable.
In this case, the independent variable was the promotional strategy which offered two options:
- get a 10% discount or
- get a free tent
The dependent variable is the amount of customers who decide to purchase cars the promotional offer they choose.
Answer:
b. the public
Explanation:
When it comes to the legislative process of the government, the "citizens" <em>(the public) </em>play an active and direct role. This gives the public <u>the right to contribute regarding decisions that may have an impact on their lives.</u> It is very important that the government inform its citizens of their rights and responsibilities and the decisions that were made in order to obtain <em>"public awareness."</em>
The direct role of the public may be in the form of consultation, such as<em> asking for their feedback and considering their answers when it comes to the lawmaking process.</em> It is essential that their input in the decision-making process is considered.
So, this explains the answer.
