Answer:
c. GDP fails to account for the quality of the environment.
Explanation:
Gross domestic product is defined as the sum total of all goods and services produced in a country within a specific time.
It measures the level of wealth in the economy. However it is not a true reflection of personal well being of the citizens of a country because it does not consider the quality of the environment in which people live.
GDP only measures.activities in the market place but does not evaluate other factors like leisure, quality of the environment, health levels, and education.
Judging from their condition, the need some welfare or subsidies that should be added
For example :
- Their government should provide more infrastructure such as roads and water pipe for the people
- Since South Africa is one of the most developed country in Africa, The Government should give more incentives for those who want to start a business ( such as cheaper taxation system)
In case whereby, promotion stimulates demand, then it could bring about lower prices for consumers which can be regarded as promotional issue to the brand.
- For demand to be stimulated, the customers needs are expected to be understood by the brands, and this is at the center of marketing communications.
We can conclude that for promotion to stimulates demand, the result could be lowering of price of goods for the consumer.
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