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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 ________.
Development Encouragement
The act of motivating or fostering growth and improvement in others.
Recognition and Praise
The acknowledgment of an individual's efforts and achievements, often used as a motivating factor in personal and professional settings.
Missionaries
Individuals who are sent on a mission, often religious, to promote their faith or perform humanitarian work in a foreign country.
Personal Conviction
Deeply held beliefs or strong opinions that influence an individual's thoughts and actions.
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