In macroeconomics, consumption expenditure affects the economy through aggregate demand. Economists include it as an item in aggregate demand in addition to business investment, government spending, and net exports. Thus, when consumption expenditure
Management
Competitive Market: Characteristics and Examples
What it's: A competitive market refers to a market characterized by intense competition in which no player has a dominant power. It is identified as a perfectly competitive market with many buyers and sellers. And they individually cannot
Which Factors Affect Consumption Expenditure?
Several factors affect consumption expenditure. Disposable income comes first. Without it, there is no income to buy the product. Other factors include consumer confidence, wealth, income expectations, inflation, and interest rates. Why is it
Consumer Spending Patterns: Influencing Factors
What's it: Consumer spending patterns are changes over time in the total money individuals spend on goods and services for personal use. It also refers to the relative proportion of what an individual consumes. Comparisons may be based on time
How is the Marketing Department Structure Organized?
Marketing department structure may vary between companies. For example, a company's units might include sales, market research, promotion, and distribution. In other companies, the units may be based on geographic location, and product handled. In
The Four Major Marketing Roles: What Are They?
Marketing plays an essential role in a business. Without this department, businesses cannot sell products. In fact, the company's products do not sell because they are not by consumer needs. The marketing department also plays a strategic role in
Informal Leader: Their Importance, How To Be
Who are they: Informal leaders are those involved in leadership even though they have no official authority. For example, they do not hold official positions in company management. However, they have some power to influence those around
Situational Leadership: How It Works, Types, Pros, Cons
What's it: Situational leadership emphasizes flexibility to adapt to tasks and teams. Leaders adapt their leadership style to the situation, depending on the task or goals being completed and the team being led. For example, they may be somewhat
Ethical Leadership: Its Importance and Principles
What's it: Ethical leadership emphasizes conformity to recognized norms and values. Leaders emphasize principles such as fairness, honesty, accountability, and trust. In addition, they promote these principles to followers through two-way