Answer:
B. customer relationship management
Factors of production are common to all productive activities, regardless of the economic system. Labor, as a factor of production, relates only to the production of manufactured goods; services are not included. So it is True
Answer:
People respond to economic incentives
Explanation:
Economic incentives is what encourages you to act in some way, while expectations are your needs your interests and your preferences. Economic incentives offer you the drive to follow your interests. These can be grouped further as extrinsic and intrinsic incentives.
Extrinsic incentives arise from the outside of the human being. These are the usual economic incentives you're likely to think of all along. Extrinsic rewards include cash, bonuses, sales, and earnings. Intrinsic incentives are inherent inducements, and are inner to the individual. It is an intrinsic motivation to get satisfaction from jobs.
Answer:
Option C
Explanation:
Substitution bias identifies a potential distortion in economic indicator statistics as it does not include data on customer purchases that moves from comparatively more costly goods to inexpensive ones as rates shift. Substitution prejudice arises as the quality of products varies compared to each other.
The substitution prejudice relates to the Consumer Price Index flaw that exaggerates inflation as it does not take into consideration the substitution effect as buyers want to swap one good for another when their demand is higher than the commodity they usually purchase.
Thus, from the above we can conclude that the correct option is C.
