To Reach Consumers Who Are Reluctant to Change Purchasing Habits

question 125

True/False

To reach consumers who are reluctant to change purchasing habits and purchase online instead of at brick-and-mortar stores,retailers rely on strong financial incentives.

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Definitions:

Interest Rate

The percentage of the principal charged by a lender for the use of its money or the rate at which interest is paid by a borrower for the use of money.

Consumes

The action of using up a good or service, typically resulting in a decrease in available quantity.

Consumption

The use of goods and services by households. It is an important component of GDP and a direct indicator of consumer spending behavior.

Income

Earnings received by a person or entity, typically through work, investments, or business ventures.