LO+7

 media type="custom" key="3530588"LO 7 - Identify consumer and marketer reactions to the state of the economy || inflation, and recession. || || net income. || || global, national, regional, local or even individual, but usually is defined by economists on a national level as two or more successive quarters showing a decline in the gross domestic product.
 * **ECONOMIC FACTORS**
 * The basic elements affecting financial matters such as labor, interest rates, government policy, management, taxation, income,
 * **INCOME**
 * An accounting term defining the money received by a business in a given period of time as a result of operating the business; the goods and services sold. Also called revenue; sales. Sometimes used to mean profit or earnings as a shortened form of
 * **RECESSION**
 * A downturn in economic activity; a time generally lacking in prosperity and lacking in growth of business activity. Recession can be

|| important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. || || || || ||
 * **PURCHASING POWER ** ||
 * The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is
 * **The Financial Power of Women (link) **
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 * **The Average Consumer's Income with Their Level of Education**
 * **Recession Marketing Strategies For Small and Large Business Firms (Link) ** ||
 * http://www.allbusiness.com/marketing/market-research/401989-1.html ||


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