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Fact 9.3.2 Boom Time for "Gently Used" Clothes
Most retailers are blaming the economy for their poor sales, but one store chain that sells used name-brand children's clothes, toys, and furniture is boldly declaring that an economic downturn can actually be a boon for its business. Last year, the company took in $20 million in sales, up 5% from the previous year. Sales are already up 5% this year.
Source: CNN, April 17, 2008
-Refer to Fact 9.3.2. According to the news clip, used clothing is ________ good. If the price of used clothing falls and income remains the same, the quantity of used clothing bought ________.
Emotionally Detached
A state of being disengaged or disconnected from emotional experiences, sometimes as a protective or coping mechanism.
High-Mach Personality
A trait characterized by manipulation and exploitation of others, a cynical view of human nature, and a focus on personal gain often without regard for ethical considerations.
Self-Monitoring
The practice of observing and regulating one's own behavior and performance, often to align with standards or goals.
High In Self-Monitoring
The characteristic of being highly aware of one's behavior and its effect on others, adjusting it according to the situation.
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