Within the United States,what Is the Name for the Power

question 3

Multiple Choice

Within the United States,what is the name for the power of a dollar when it is used to purchase an amount of goods and services?

• A) internal purchasing power
• B) external purchasing power
• C) absolute purchasing power parity
• D) relative purchasing power parity

---

Definitions:

Needs

Refers to the essential requirements that individuals or organizations strive to fulfill, such as food, shelter, security, or business resources.

Influence Demand

The process of shaping consumer’s desire for a product or service through marketing strategies, economic factors, and social trends.

Marketing Mix

The combination of factors that a company can control to influence consumer's purchasing decisions, traditionally identified as product, price, place, and promotion.

Marketing Mix

A set of marketing tools that a firm uses to pursue its marketing objectives in the target market, traditionally identified as product, price, place, and promotion.