Answer: Mass customization
Explanation:
The mass customization is one of the marketing technique in which the various types of products and the services are get modified according to the customer requirement.
It basically associate with the mass production in which the products are available with the lower cost. In the organization, the mass customization technique basically allow the customers for selecting and designing the various types of features for the products.
Therefore, Mass customization is the correct option.
Answer:
Option (c) is correct.
Explanation:
Law of demand states that the price of the commodity and the quantity demanded of that commodity are negatively related to each other. This means that as the price of the commodity falls then as a result the quantity demanded for that commodity increases.
Therefore, the consumer will buy more sticks when the price of sticks falls from $2 to $1.
Answer:
D and B
Explanation:
Rational expectation will include the present as well as the past trend to build the future expectations. So, presence of unexpected expansionary policy, will make them build expectations of the future. But, adaptive expectations relies on the past information. It means that inflation actually happened, when make people to adapt the future expectation.
Answer:
The answer is 1. Culture shock
Explanation:
What is culture shock?
According to Merriam-Webster, culture shock is defined as the sense of confusion and uncertainty sometimes with feelings of anxiety that may affect people exposed to an alien culture or environment without adequate preparation.
With the definition above, it is therefore safe to say that, in the case of Hayley feeling uncomfortable and disoriented in a new environment, she is experiencing Culture Shock.
