Our ability to make purchases is:
a. Constrained by the prices of goods and services
b. Not constrained by our incomes
c. Both of the above
d. None of the above
The planned procurement of commodities and amenities for meeting the desire or need of the buyer is known as purchasing. It takes purchasing efforts to acquire all essential items and services swiftly and economically.
Answer and Explanation: 1
The correct option is a. Constrained by the prices of goods and services.
Every individual, organization, and government must acquire essential items...
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fromChapter 1 / Lesson 20
When deciding to make a purchase, consumers often go through a few stages before making the final purchase decision. Explore the definition and hierarchy of the five stages of purchase decisions that all consumers make when making a product choice.