Questions and Answers
Christmas gift bundles are a great way to take advantage of this ______
opportunity
A consumer often selects the product which gives the higher benefit if s/he chooses between two (2) products of the same ______
cost
When a new competitor for the same product enters the market and offers their product at a lower ______, established firms may consider reducing the price of their product or pr
price
A consumer considers his/her limited income in purchasing goods and ______
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Consumer choice is decided on ______
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Less income would mean a minimal budget to buy more goods. EXAMPLE: Consider that in December, companies provide 13th-month pay and Christmas bonus. At this point, it’s a good opportunity to produce more goods. Christmas gift bundles are a great way to take advantage of this _______
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When a new competitor for the same product enters the market and offers their product at a lower price, established firms may consider reducing the price of their product or ______
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A consumer often selects the product which gives the higher benefit if s/he chooses between two (2) products of the same ______
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Consumer choice is decided on ______
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A consumer considers his/her limited income in purchasing goods and ______
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