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Earn +20 ptsQ: Can a business be a consumer?
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Continue Learning about Economics
How does consumer sovereignty affect business production?
There no answers yet
What is the name of struggle among producers for consumer's business?
competetion
How might psychological factors affect the business cycle?
optimism can lead to increased consumer spending and greater business productivity.Pessimism can make people more cautious,reducing consumer spending.
Why is consumer behavior an important course in business education?
We have learned based on definition that consumer behavior attempts to understand consumer wants and their decision making. Which is a very necessary in an organization. If we know the behavior of the consumer regarding their wants then it is a big advantage on our part as a marketer. It will be easy for us to identify and recognizes what to sale and what not to. With this, Consumer behavior is indeed an important course in business education.
What outlets do firms have to sell their output?
business markets and consumer markets
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