Answer:
Failing to match the communication medium (or channel) with the intended outcome.
Explanation:
Communication can be defined as the process of sending information. It involves sending of clear and concise messages from one person to another or from one group to another, messages could be represented in the form of signs or symbols.
Communication medium can be described as a means of transmitting information to the receiver. Some communication channels include:
1) Through the use of documents passed by series of reports and presentation.
2) Through the use of messages passed by emails and letters.
3) Through the use of images passed by graphical representation.
In the scenario above, Mike failed to use the right communication channel to inform the employees about their new benefit offering.
The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.
<h3>What is an inferior good?</h3>
An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.
- The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse.
Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.
Learn more about inferior goods here:
brainly.com/question/6039968
Answer: Consumption and investment spending decrease or falls.
Explanation:
When the Federal Reserve decreases the money supply, this will lead to a fall in the consumption and investment spending. This is a contractionary policy by the government which is typically used to curb inflation.
Since there's reduction in money supply, there'll be less money in circulation and hence, decrease in consumption and investment expenditure.
