Economic Changes Quiz
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Questions and Answers

Which of the following options is the best example of an economic change?

  • Introducing a new social media marketing strategy
  • Increasing the minimum wage for workers
  • Implementing a new customer loyalty program for a wholesaler (correct)
  • Implementing a new dress code policy at a company

    • Which of the following options can be considered an economic change?

  • Launching a new advertising campaign
  • Adjusting the working hours for employees
  • Adopting advanced data analytics tools for market research (correct)
  • Implementing a new recycling program at the office

    • Which of the following options demonstrates an economic change?

  • Variabilities in exchange rates affecting international trade (correct)
  • Introducing new safety protocols at a construction site
  • Implementing stricter quality control measures
  • Adopting a new time tracking system for employees

    • Give an example of an economic change mentioned in the text.

    <p>Introduction of new environmental regulations on factories’ waste management.</p> Signup and view all the answers

    What is the purpose of implementing a new customer loyalty program for a wholesaler?

    <p>To increase customer retention and encourage repeat purchases.</p> Signup and view all the answers

    How can variabilities in exchange rates affect international trade?

    <p>Variabilities in exchange rates can impact the cost of imports and exports, making them more or less expensive for businesses.</p> Signup and view all the answers

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