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When Functional Systems Are Isolated,business Processes Are

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When functional systems are isolated,business processes are


Definitions:

Income Effects

Changes in consumers' purchasing power and consumption patterns resulting from changes in their income.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute more expensive items with cheaper alternatives.

Price Change

A modification in the cost of goods and services over time, reflecting economic factors such as inflation, supply, and demand.

Pepsi

A carbonated soft drink manufactured by PepsiCo, known for being one of the most popular cola beverages globally alongside Coca-Cola.

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