In the Kingdom of Bahrain and many other countries the slogan "spend wisely” is often promoted and advertised at the shopping centers as well as in the media. The slogan addresses the importance of economic and systematic spending in the current financial situation, especially during COVID-19 pandemic.

Furthermore, the consumer consumption index (CCI) had shown a dramatic increment in the demand for goods and services compared to the pass years of economic crisis since 1997. The above scenario resulted from the spending behavior of people which eventually has a significant impact on the economic condition of the country.

One of the factors influencing the above phenomenon is the income level among the society which is the main factor that determines the individual consumption spending. However, income is not the only factor governing spending, other factors such as loan and saving contributed to the spending behavior.
Q6 

a. Explain research theoretical framework.

b. Describe the research theoretical framework for the above case study .

c. Develop your research hypothesis for the above case study.

Answer rating: 100% (QA)

a Research theoretical framework is an assortment of interrelated ideas similar to a hypothesis howe... View the full answer