When there is a recession and a fall in income, in the markets for inferior goods, demands increase.
<h3>What are inferior goods?</h3>
Inferior goods are goods whose demand falls when income rises and increases when income falls.
<h3>What is a recession?</h3>
A recession is when there is a negative gross domestic product for four consecutive periods. When there is a recession, there is a decline in productivity in the economy.
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<span>Some warning signs for organizational atrophy include excess administrative and support staff, cumbersome administrative procedures, lack of effective communication and coordination, and outdated organizational structure.
Organization atrophy typically happens in organizations that have been in existence for awhile. New hirers and people leaving overlapping can create too many people following the same work routines they have been for years. Older companies struggle with this after being on the same path and not realizing they need to reevaluate and make appropriate changes to the structure.</span>
Answer:
A) Customer value-based pricing
Explanation:
In sales and marketing, price can be defined as the amount of money that is being charged by a seller for goods and services rendered to a potential customer or buyer.
Customer value-based pricing uses buyers' perceptions of what a product is worth, not the seller's cost, as the key to pricing.
Generally, a value-based pricing strategy typically begins with the manufacturer or seller assessing customer needs at a specific period of time. This ultimately implies that, a customer value-based pricing is all about the consumers of goods and services by considering their perceived benefits or satisfaction derived from the use of such products or services.
This is an example of Direct marketing as Natalie and shay are both employees in righttool, inc. Shay, the production manager, and the marketing manager frequently meet to solve specific mutual problems.
<h3>What is direct marketing?</h3>
Direct marketing is the direct communication or the distribution to the customers, individuals or to the shopkeeper without involving the third party.
Direct marketing is so-called because it generally eradicates the middleman, such as adverts, it exclude Mail, email, social media, and texting campaigns.
Thus, it is called Direct marketing.
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