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If One Were to Say a Service Tends to Be

question 110

True/False

If one were to say a service tends to be income elastic,this means that as incomes rise,demand for a service tends to rise.


Definitions:

Selective Perception

The cognitive process by which individuals perceive what they want in messages while ignoring opposing viewpoints.

Social Influence

The effect that the words, actions, or mere presence of other people have on an individual's thoughts, feelings, attitudes, or behaviors.

Word Of Mouth

The influencing of people during conversations.

Consumer Conversations

Dialogues between consumers, either online or offline, where experiences, opinions, and advice related to products or services are shared.

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