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What do the consuming habits of Canadians indicate to business?
Wiki User
∙ 10y ago
The consuming habits of Canadians tell businesses what kind of goods and services, when they want them, where they want them, and how much they are willing to pay for them. Businesses use this information along with their own research to provide goods and services, in a quantity that satisfies the demand. However by satisfying the customers the business needs to also make a profit. If they cannot then they can't continue to satisfy the consumers. The supply and demand need to be at a steady rate for it to be profitable and to satisfy the consumer. For example if it shows that Canadians are liking more Pizza fast food restaurants then, it would be a good business opportunity to provide that product in your business. If more people seem to be coming from a certain location to buy pizza then setting it up close to that location would be a good idea as well. It would also be reasonable to charge pricing according to the amount that consumers pay at other stores for similar goods or in this case pizza.
Wiki User
∙ 10y ago
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Write 5 paragraphs explaining how global economics business practices and media bias can affect the spending habit and budgeting practices of an individual?
Global economics, business practices, and media bias can affect the spending habit and budgeting practices of an individual because they are external environmental factors that affect spending habits.
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Example of editorial of criticism?
BALIWstudy habits
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a price increase does not have a significant impact on buying habits
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bohemian
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How would you put analysis in a sentence?
The business did a full analysis of their customer habits.
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Who is Shannon McQueen?
Shannon McQueen is a life coach and blogger based in Oakland, CA. She blogs on life coaching and creating optimal habits. Her life coaching business Optimal Habits will launch December 2010.
What are referents?
Banks and suppliers used in the lessee’s business and listed on the lease application. Lessor will contact them to check lessee payment habits.
What three habits should you create while reading a business transaction?
I am very happy when Iread business transactions for the following reasons: 1-forbetter performance of business plans 2-for preparing financial stetements 3-for preparing financial reports.
What are credit references?
Banks and suppliers used in the lessee’s business and listed on the lease application. Lessor will contact them to check lessee payment habits.
What are the sunflowers habits?
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What are the habits of a parrot?
Habits about their appearance. Endangered. what are their habits and habitats
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If you find that you have too many monthly expenditures, one must either cut back on spending, or find a different way to find deals on spending habits.
What is the basic knowledg of poultry business?
The basic knowledge of poultry business is very important before venturing into it. This may include understanding the food needed, feeding habits, possible diseases and so much more.
What role do children play in the family about the health of their family?
children bring a discipline in the family when it comes to healthy habits like: eating balanced diet at regular intervals, workouts and keeping bad bits like consuming alcohol and smoking..
