Examlex
Which of the following steps of the strategy development process for exports involves performing market research and interpreting results obtained from the research?
Money Income
The total income in the form of money received by an individual or household before taxes from all sources in a given time period.
Consumer
Consumer is an individual or group that purchases goods or services for personal use, not for manufacture or resale, driving the demand side of the marketplace.
Substitute Goods
Products or services that can be used in place of one another, fulfilling the same needs or wants of the consumer.
Normal Goods
Goods for which demand increases as the income of the consumer increases, exhibiting a direct relationship between income and demand.
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