Explanations for the High Saving Rate in Japan Consistent with the Bequest

question 78

Multiple Choice

Explanations for the high saving rate in Japan consistent with the bequest reason for saving include:

• A)long life expectancies and large down payments required for home purchases.
• B)lifetime employment.
• C)the desire to leave resources to children who provide support and attention to parents in their old age.
• D)low unemployment rates in Japan.

---

Definitions:

Need Awareness

The recognition by consumers that they have a specific unmet need.

Consumer

An individual who purchases goods and services for personal use.

Benefit Selling

A sales technique focused on communicating the advantages and positive outcomes a customer will gain from purchasing a product or service.

FAB Selling

A sales strategy that highlights Features, Advantages, and Benefits of a product or service to persuade potential buyers.