Answer: Consumer price index (CPI) is weighted price index of basket of good that a consumer purchases each month. CPI is fixed in nature. It is an economic indicator. A rise in CPI indicates consumer inflation rate. The are type of bias that effects the measurement of CPI are: substitution bias, quality bias and outlet bias.
Explanation: Following are the bias:
- <u>Substitution Bias</u>- it arises when prices in the consumer basket increases and consequently low price alternatives or substitutes are opted by the consumer. As we know CPI is fixed-weight price index so the impact is not predicted accurately.
- <u>Quality bias</u>- It arises when any increase in technology increases the quality life of a product. Constant change in the quality of the product again does not reflect in consumer price index.
- <u>Outlet bias</u>- consumer shifts to new places or outlets as per their taste and preferences which is again not well represented by the CPI.
Answer :a obligation.
The word obligation means “to be bound to act in a certain way either morally or legally.”
Hence when one is in need of money to start a business, family members may lend the money because they are bound to help you in times of need.
Loans from family members are usually interest free.
However, if the loan is not repaid, relationships quickly turn sour.
Hence loans from family member must be treated with respect and care, in order to maintain relationships.
Occupying most of the market share
Answer:
C-Being able to obtain legal informational on grant programs
Explanation:
Answer:
E. Loyalty to the Brand.
Explanation:
For luxury car makers, the lowest-end models in their product lines often represent only a small portion of their sales. Yet these models are critically important when it comes to attracting new customers and, potentially, establishing their lifelong loyalty to the brand. They have to put efforts on this segment as well, although this segment is very small but it also has much importance for them because this segment contributes to their overall brand loyalty and brand equity as well. Brand equity can be enhanced by selling to this segment as well. Brand equity is the value that a brad name has and it is equally important as customer equity which is the sum of the all the purchases of all the customers of a brand.
