___________Exists When People May Be Able to Afford Basic Necessities

question 20

Multiple Choice

___________exists when people may be able to afford basic necessities but are still unable to maintain an average standard of living.

• A) Relative poverty
• B) Absolute poverty
• C) Subjective poverty
• D) Standard poverty

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Definitions:

Retail Outlets

Places where goods and services are sold directly to consumers, ranging from brick-and-mortar stores to online platforms.

Vertical Marketing System

A supply chain in which the members act as a unified system; there are three types.

Formal

Pertains to actions, processes, or appearances that follow established rules, conventions, or procedures, often in professional or official contexts.

Independent

Not influenced or controlled by others; operating freely.