Identify the Following Term(s)

question 61

Short Answer

Identify the following term(s).
-global elite culture

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Definitions:

Consumer Preferences

Refers to the subjective tastes and opinions that influence an individual's purchasing decisions.

Equilibrium Price

The rate at which the supply of a product from manufacturers equals the demand from consumers, leading to a state of balance in the market.

Blu-ray Discs

High-definition optical disc format used for data storage and as a medium for video playback.

DVDs

Digital Versatile Discs, a type of optical storage media used for playing movies, software, and other data.