If a Series of Major Technological Breakthroughs Occur in the Economy

question 21

Multiple Choice

If a series of major technological breakthroughs occur in the economy at the same time, then the most likely outcome would be that the economy's

• A) demand curve for loanable funds will shift downward.
• B) demand curve for loanable funds will shift upward.
• C) consumption curve will shift downward.
• D) position along the existing demand curve for loanable funds will move upward.

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Definitions:

Customer Service

The support and guidance offered by a company to its customers or users of its products or services.

Retail Strategy

The planning approach retailers use to attract customers, enhance shopping experiences, and optimize sales and profits.

Distribution Intensity

The level of market coverage pursued by a company, deciding how widely a product will be distributed, ranging from exclusive to intensive distribution.

Scrambled Distribution

involves a retailer carrying an assortment of goods in unrelated product categories, aiming to provide a one-stop shopping experience.