The Marginal Propensity to Consume (MPC)can Be Defined as the

question 199

Multiple Choice

The marginal propensity to consume (MPC) can be defined as the

• A) change in consumption divided by the change in disposable income.
• B) change in disposable income divided by the change in consumption.
• C) ratio of income to saving.
• D) ratio of saving to consumption.
• E) ratio of consumption to investment.

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Definitions:

Family Branding

A marketing strategy where a company uses one brand name for multiple related products, aiming to leverage brand equity and simplify consumer choice.

Product Line Extension

The introduction of additional items in a given product category under the same brand name, often varying in size, flavor, or related attributes, to cater to different consumer needs or preferences.

Market Segment

A subgroup within a larger market, defined by its own unique preferences or characteristics, targeted by marketers for specific strategies.

Product Line Extension

This involves adding new products to an existing range to attract more customers or meet their varying needs.