Answer:
concentration strategy
Explanation:
This is an approach in which a business focuses on a single market or product which allows the company to invest more resources in production and marketing in that one area.
weighing the information needed to make rational decisions
Answer:
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<span>When economists attempt to predict the spending patterns of U.S. households, they will typically view the DAILY COST OF LIVING as a primary determining factor that influences the individual consumption choices that each will make.
An economist can predict the spending power of the masses if he/she knows how much energy and monetary value is being spent on a daily basis. This way he/she will know the consumption choices that these consumers are making for themselves.</span>
