Retailing Is an Important Marketing Activity

question 64

Multiple Choice

Retailing is an important marketing activity.Not only do producers and consumers meet through retailing actions, but retailing also creates __________ and has a significant impact on the economy.

• A)the nation's largest source of tax revenues
• B)a sense of local community
• C)public service to charities
• D)harvesting possibilities
• E)customer value

Understand the factors that cause shifts in the supply and demand for loanable funds.

Analyze how changes in government budget positions affect interest rates and investments.

Identify how changes in consumer behavior and economic policies influence saving and investment decisions.

Distinguish between movements along and shifts of the supply and demand curves for loanable funds.

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Definitions:

Autarky Price

The price of a good or service in a closed economy that does not engage in trade with other economies.

Slope

A measure of how steep a line or curve is. The slope of a line is measured by “rise over run”—the change in the y-variable between two points on the line divided by the change in the x-variable between those same two points.

Absolute Value

The value of a number without regard to a plus or minus sign.

Horizontal Change

Alterations or movements that occur parallel to the x-axis in a coordinate system, often reflecting changes over time.