The Swatch Group Is the World's Second Largest Watchmaker

question 82

True/False

The Swatch Group is the world's second largest watchmaker.This shows that in the low-cost segment,brands compete on price and value.

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Definitions:

Average Propensity

The ratio of total consumption to total income, indicating how much income is spent rather than saved.

Save

Setting aside money or other resources for future use or in case of emergencies.

Consume

The action of using up goods or services, thus leading to a reduction in available quantity.

GDP

The entirety of value generated from goods and services within a country's borders throughout a specific duration sums up what is known as the Gross Domestic Product.