Answer:
The answer is: Angela's savings rate is 10.89%
Explanation:
To calculate Angela's savings rate we can use the following formula:
Angela's savings rate = (total amount saved / total disposable income) x 100%
Angela's savings rate = ($319 / $2,928) x 100% = 0.1089 x 100%
Angela's savings rate = 10.89%
This is an example of reverse innovation.
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Explanation:</u></h3>
Reverse innovation is the process by which the goods are produced as an inexpensive model for the purpose of meeting the requirements of the nations. It is an important phenomenon for the GDP growth of any nation. It also gives an opportunity for learning by engineering students.
In the given example, Unilever found that people in the emrging econmies will not affod buying toothpastes or shampoos of standard size and hence they decided sell single serve packets at lower prices. It also worked in U.S too. This is an example of Reverse Innovation.
Correct option is A
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