Factors That Shape Consumer Services Include All of the Following

question 100

Multiple Choice

Factors that shape consumer services include all of the following EXCEPT

• A) changing household work patterns.
• B) regulatory frameworks.
• C) relative prices of imports and other goods.
• D) the location of different types of purchasing power.
• E) mass tourism.

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Definitions:

Supply

The total amount of a product or service that is available to consumers.

Rents

Payments made for the use of property or land; in economics, it also refers to earnings in excess of the minimum amount needed to keep a factor of production in its current use.

Dollar Loss

A decrease in the value of an investment, expressed in dollar terms, compared to its purchase price.

AIG

American International Group, a multinational finance and insurance corporation known for its extensive global operations and services.