Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in contests.
Analytical or creative thinking:
While creative thinking is occasionally referred to as "lateral" thinking, analytical thinking is also known as logical thinking. Others go further to highlight the idea by comparing it to whether thinking is more left-brain (analytical) or right-brain (creative).
Converging on facts, data, knowledge, judgment, experience, and wisdom in quest of the best answer is known as analytical thinking. Diverging one's thinking to consider a wide range of possibilities is the act of being creative.
It's common for people to identify themselves as either analytical or creative thinkers, and to some extent, this is true because most people tend to lean more toward one or the other. But skills are frequently less natural than people believe.
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Answer:
A. file a pegging application with one of the three international currency-management agencies.
Answer:
If bacon and eggs are complementary goods, a rise in the price of eggs will decrease the demand for bacon.
Answer - B
Explanation:
Complementary goods are those goods which are related and can be consumed together. For example, a phone charge complements a phone. A matchbox or lighter complements a cigarette. Complementary goods tend to have an inverse relationship. When the price of one good increases, the demand for the other decreases.
This can be explained in detail with the provided example.
When people consume bacon and eggs together, a rise in price of eggs means that they will demand less and purchase less of eggs. Without eggs, they may not want to purchase bacon either (assuming they do not want to consume it without eggs). Therefore, the demand for bacon will also decrease.
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A market that consists of all possible consumers regardless of their specific needs or wants is a <u>"mass market".</u>
The term mass market refers to an overall public market which is comprising of purchasers having a place with different age groups, ways of life and preferences. On the off chance that an organization makes any product or item which is valuable to different purchasers across different areas then it is said to have a mass market request. Items or Products concentrating on a specific statistic frequently have an excessive number of limitations and are restricted by specific limits; such items makes ‘segment market.’