Strategies Deal with the Needs of the Customer and What

question 22

True/False

Strategies deal with the needs of the customer and what is being offered to satisfy those needs.

---

Definitions:

Decrease In Income

A reduction in the amount of money earned or received by an individual or household.

Consumer Purchases

Transactions made by individuals or households for goods and services for personal use.

Products

Tangible or intangible goods offered by businesses to consumers in exchange for payment.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices, illustrating consumer choice.