Compare and contrast the three types of convenience products
What will be an ideal response?
Marketers classify convenience products as either staples, impulse products, or emergency products. Staples are basic or necessary items that are available almost everywhere. Impulse products are items people buy on the spur of the moment. Emergency products are those products we purchase when we're in dire need, such as umbrellas during a rain storm.
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China today is a clear example of a nation that has chosen the following policies EXCEPT:
A) control and manage the value of its currency B) conduct an independent monetary policy C) full financial integration in an attempt to stimulate its domestic economy D) restrict the flow of capital into and out of the country
According to the terminology associated with changes in currency values, which of the following choices is the case when a currency's value relative to other currencies is changed by a government?
A) depreciation and revaluation B) devaluation and appreciation C) devaluation and revaluation D) depreciation and appreciation