Examlex
When functional systems are isolated,business processes are
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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