A Small Computer Retailer Makes Every Effort to Satisfy Customer

question 103

Multiple Choice

A small computer retailer makes every effort to satisfy customer needs-both before and after the sale. However, this retailer regards social problems such as environmentalism and economic development as being beyond the scope of his business. We can correctly describe this firm's management as having recognized

• A) some degree of social responsibility in its commitment to customers.
• B) the existence of social responsibilities but having failed to do anything about them.
• C) ethical obligations to customers but no social responsibilities.
• D) social responsibility as the domain of big business.

Understand the concepts of marginal propensity to save (MPS) and consume (MPC).

Calculate average propensity to consume (APC) and average propensity to save (APS) given disposable income and consumption data.

Interpret the relationship between disposable income, consumption, and saving.

Identify autonomous and induced consumption and their roles in the economy.

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