Asked by Khristina Lopatin on May 09, 2024
Verified
When consumers are optimistic about the overall state of the economy, their consumer ______will be high and they will tend to purchase more.
Consumer Confidence
Consumer confidence is a measure of how optimistic or pessimistic consumers are regarding their expected financial situation, significantly influencing their spending and saving behaviors.
- Identify the influence of economic conditions on consumer preferences and the operation of companies.
Verified Answer
LB
Learning Objectives
- Identify the influence of economic conditions on consumer preferences and the operation of companies.
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