Socioeconomic Impact Study

Question 1

what are the Effects of Business on Consumers?

Answer 1

affects consumers emotionally

encourage consumers to look for value

offers social responsibility

change behavior with excellent service

Question 2

This is to monitor the Suppliers performance to ensure that they are
providing the service that was agreed with them.

Answer 2

key performance indicators (KPIs)

Question 3

what is the most important part of aggregate demand.

Answer 3

household spending

Question 4

are characteristics that define the quality of life in a society.

Answer 4

socioeconomic factors

Question 5

what are the main parameters of socioeconomic status?

Answer 5

income
education
occupation

Question 6

is defined as the ability to survive.

Answer 6

viability

Question 7

Business refers to an enterprising entity or organization that carries out
professional activities.

Answer 7

business

Question 8

The process of developing a new product or enhancing an old one to creatively satisfy the needs of consumers

Answer 8

innovation

Question 9

As a fresh business enters the market, it may offer its products at rates that are lower than those of its competitors.

Answer 9

sell at low cost

Question 10

refers to a group of people living together under one
roof and sharing resources, regardless of their relationship.

Answer 10

household