Explain the 2 factors that influence consumer savings
What will be an ideal response?
The two factors that influence consumer savings are:
1. Consumer pessimist or optimism about their personal circumstances
2. World events
Business
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For firms that are in a financial position to take a cash discount, it is advisable not to take the discount if the terms offered are 2/10 net 30
Indicate whether the statement is true or false
Business
Small businesses have found out that social media such as Facebook and Twitter are expensive
Indicate whether the statement is true or false.
Business