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A few years ago,tea was a product with relatively little growth and was considered to be a product for the old and the middle-aged.Then tea manufacturers started promoting the health benefits of tea.Since the introduction of the research on how tea provides the body with useful anti-oxidants,tea consumption has increased by more than 25 percent,and it appears its market share will continue to grow,especially among young women in their twenties.This is an illustration of how promotion can:
Normal Good
A good for which demand increases as consumer income rises, holding all other factors constant.
Consumer Tastes
Preferences and inclinations of consumers that influence their purchasing behavior and choice of products.
Substitutes
Products or services that can replace each other in usage, providing consumers with choices.
Health Clubs
Facilities that offer a variety of exercise equipment, classes, and services to individuals looking to improve or maintain their physical fitness.
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