Banks and Airlines Are Examples of Two Industries That Track

question 65

Multiple Choice

Banks and airlines are examples of two industries that track competitor offers continually.This is called the process of gathering

• A) consumer responses.
• B) competitive intelligence.
• C) past decisions.
• D) mainline information.

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Definitions:

Congressional Appropriations

The legal process by which the United States Congress allocates federal funds to various government agencies, departments, and programs.

Board of Governors

refers to the leading body or group of individuals overseeing the operations and policy-making of an organization, such as a central bank.

Monetary Policy

The macroeconomic policy laid down by the central bank involving management of money supply and interest rate to control inflation, consumption, growth, and liquidity.

Rational Expectations

The hypothesis that individuals form forecasts of future events based on past and current information in a consistent and unbiased manner.