Intertemporal Substitution Means Changes in Purchases

question 247

Multiple Choice

Intertemporal substitution means changes in purchases

• A) through time.
• B) between imports and exports.
• C) across different goods and services.
• D) across different stores.

---

Definitions:

Information Technology

Includes all of the computing resources that collect, store, and analyze data.

Nonpersonal Source

A communication or marketing message delivered through media or other channels that do not involve personal contact or direct interaction.

Computing Resources

Refers to the hardware and software components, such as servers, computers, software applications, and networks, that are necessary for processing, managing, and storing data.

Marketing Mix Elements

The components of a marketing strategy, traditionally identified as product, price, place, and promotion, used to meet the needs of a target market.