Which of the Following Events Would Shift the Consumption Function

question 55

Multiple Choice

Which of the following events would shift the consumption function upward?

• A)an increase in disposable income
• B)a decrease in disposable income
• C)a decrease in wealth
• D)a decrease in expected future disposable income
• E)an increase in wealth

Comprehend the strategies behind retail location decisions.

Understand the concept of anchor stores and their role in shopping centers.

Distinguish between the different marketing metrics related to retailer's customers and products.

Learn about category management and its importance in retail.

---

Definitions:

Services

Services refer to the intangible products or activities provided by one party to another, often characterized by an exchange for payment.

Consumer Behavior

The study of how individual customers, groups, or organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

Products

Goods or services offered by a business to satisfy consumer needs, wants, or demands.

Services

Intangible products provided to consumers or businesses, such as education, healthcare, and financial advising, which satisfy needs or wants.