Answer:
Explanation
Elasticity is any change in the buyer and seller behavior dues to change of price and goods and services. example of elastic demand is gas while that of inelastic is gasoline.
Answer:
b) False
Explanation:
This statement is false one because while making a decision there are numerous factors involved, for example:
Initiator: The person who after processing some information about a product, watching an ad etc, initiates the task of buying it.
Influencer: Person who influence the initiator further processing.
Decider: Person who decides that the particular products should be bought.
Purchaser: Person who actually go to the market and purchase that product.
User: Person who actually use that product.
In above all of the described roles, it could be one single person who perform all the tasks, or it could be 2 to 5 different persons involved and each one performing the separate role. So, there are 5 roles involved in an actual buying process, here family role comes that it is obvious that much roles are involved, any single role can be performed by any of his or her family member, therefore, family influence is there in a purchase decision, somehow or other.
An oligarchy is defined by a small group of people having control of the entire country, rather than the whole population of the country ruling it jointly. In a way, in my opinion, the US was an oligarchy during slavery: as people of colour and women didn't have voting rights.
Answer: creating an environment for useful feedback
Explanation: Useful feedback is the response or the reaction that is gained from the person or other sources in return of the service provided. Useful feedback is the response that is gained to know about the functionality and the convenience of the person receiving the service.
This also helps to improves the service given by the person.The case mentioned in the question is also about the useful feedback so that communication barrier can be eliminated and the confusion regarding the session can be cleared out by obtaining the feedback.
The act of depending on one another for fulfillment of one's needs.
Answer: Interdependency.
