influences of buying power - ✔️✔️Inflation increases consumer prices over a period of time and
reduces consumer purchasing power. Consumers living in economies of high inflation must use
more dollars to purchase a basic amount of goods.
consumer products - ✔️✔️products and services used by people for their personal use
industrial products - ✔️✔️products purchased for further processing or for use in conducting a
business
impulse buy - ✔️✔️the buying of goods without planning to do so in advance, as a result of a
sudden whim or impulse
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