Which of the following factors creates a potential market for new products?
A. Rising inflation
B. Affluent consumers
C. Lack of competition among firms
D. Firms suffering from first-mover disadvantages
E. Declining demand
B
Business
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`According to Adam Smith, competition fosters efficiency because
What will be an ideal response?
Business
Psychographics data in a customer database used by direct marketers includes information regarding a customer's ________ and ________.
A) interests; income B) activities; opinions C) age; buying preferences D) opinions; age E) hobbies; income
Business