Examlex
Which of the following elements of the marketing communication mix involves use of mail, telephone, fax, e-mail, or Internet to communicate with or solicit response or dialogue from specific customers and prospects?
Normal Good
A normal good is a type of good for which demand increases when income increases, and falls when income decreases, holding all other factors constant.
Income
Refers to the money received, especially on a regular basis, for work or through investments.
Normal Goods
Goods for which demand increases as consumer income rises, and falls when consumer income decreases, opposite to inferior goods.
Inferior Goods
Goods whose demand decreases as the income of consumers increases, in contrast to normal goods.
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