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Mr. Lee is a citizen and resident of Hong Kong, while Mr. Anderson is a citizen and resident of the U.S. In the taxation of income, Hong Kong uses a territorial approach, while the U.S. follows the global system. In terms of effect, explain what this means to Mr. Lee and Mr. Anderson.
Safety
In consumer terms, it refers to the protection of consumers from potential risks associated with products and services.
Maslow's Hierarchy
Maslow's Hierarchy is a theory in psychology proposed by Abraham Maslow in his 1943 paper, outlining a five-tier model of human needs, from physiological needs at the bottom to self-actualization at the top.
Straight Rebuy
A buying situation in which a business customer signals its satisfaction by agreeing to purchase the same product at the same price.
Continual Buy
Ongoing purchasing actions by consumers for products or services, often due to brand loyalty or satisfaction.
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