Last summer, the Thomas family had to decide whether to buy a new car, go to Disney World, or remodel their basement. They chose the vacation. This illustrates:

Last summer, the Thomas family had to decide whether to buy a new car, go to Disney World, or remodel their basement. They chose the vacation. This illustrates:









a. that competition can be defined in terms of dissimilar products vying for a limited supply of discretionary buying power.
b. how the most direct form of competition plays a role in a consumer's decision making.
c. how competition for essential items leaves unlimited discretionary funds for non-essentials.
d. that there can be no competition among dissimilar products.










Answer: A


Marketing

Learn More Multiple Choice Question :