According to 'Bottom of the Pyramid' Researchers, Approximately How Many

question 48

Multiple Choice

According to 'bottom of the pyramid' researchers, approximately how many people live on less than $2 a day?

• A)1 billion
• B)2 billion
• C)3 billion
• D)4 billion

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Definitions:

Market Demand Curve

A graphical representation showing the total quantity of a good or service that consumers in a market are willing and able to purchase at various prices.

Consumer Income

The total amount of income received by consumers, affecting their purchasing power and demand for goods and services.

Fast Food

Quick service food, often pre-prepared or quickly made, served in restaurants or outlets for rapid consumption.

Substitutes

Alternative products or services that can fulfill the same need or function as another in the eyes of consumers.