Answer:
Consumption is influenced by advertisements for products that are consumable today and savings from ads that advocate in investing tomorrow.
Explanation:
Both are important to run the circular flow of economy. If a person invests savings on a product, so there should be someone to consume it, this will help in achieving equilibrium point between aggregate demand and aggregate supply.
Increase in one shall result in decrease in other and in both cases either there will be more products to be consumed rather than the actual consumption resulting in surplus if there is excess saving or vice versa .
Answer:
Demand in developing countries is lower and so the price is set lower to match the capacity to pay (such as pharmaceuticals). Locally produced goods, especially the outputs of primary production are generally inexpensive and often will be cheaper in developing countries e.g. bananas.
Definition:
Contributions that bring benefits over and above those directly associated with the core business activities and events. These contributions can include monetary, employee time, employee resources, and gifts of any kind.
Good managers demonstrate commitment to ethical business practices with great leadership, authority, and responsibility.
Answer:
Senida is approached by a sales person to buy some perfume. The sales person uses the foot-in-the-door technique of gaining compliance to make Senida feel a need to buy the perfume. The sales person is taking advantage of the principle of <u>cognitive dissonance</u> to persuade Senida to buy the perfume.
Explanation:
<u>Cognitive dissonance</u> is the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to conduct decisions and attitude change.
