Search results
Results From The WOW.Com Content Network
Undifferentiated marketing/Mass marketing is a method which is used to target as many people as possible to advertise one message that marketers want the target market to know (Ramya & Subasakthi). When television first came out, undifferentiated marketing was used in almost all commercial campaigns to spread one message across to a mass of people.
A monopoly has at least one of these five characteristics: Profit maximizer: monopolists will choose the price or output to maximise profits at where MC=MR.This output will be somewhere over the price range, where demand is price elastic. If the total revenue is higher than total costs, the monopolists will make abnormal profits.
One study has found that certain genes affecting personality may influence the income of self-employed people. [118] Some people may be able to use [ weasel words ] "an innate ability" or quasi-statistical sense to gauge public opinion [ 119 ] and market demand for new products or services.
For premium support please call: 800-290-4726 more ways to reach us
The psychology of collecting is an area of study that seeks to understand the motivating factors explaining why people devote time, money, and energy making and maintaining collections. There exist a variety of theories for why collecting behavior occurs, including consumerism, materialism, neurobiology and psychoanalytic theory.
Homo economicus is a term used for an approximation or model of Homo sapiens that acts to obtain the highest possible well-being for themself given available information about opportunities and other constraints, both natural and institutional, on their ability to achieve their predetermined goals.
These character traits can be powerful forces which are totally unconscious to the person. [3] Fromm along with Freud believed that the most important aspect in one's character was not a single character trait, but rather, the total character organization from where many single character traits follow. [ 3 ]
Goods' diversity allows for their classification into different categories based on distinctive characteristics, such as tangibility and (ordinal) relative elasticity. A tangible good like an apple differs from an intangible good like information due to the impossibility of a person to physically hold the latter, whereas the former occupies ...