Cody stopped by Ferrari of Beverly Hills to look at the new Ferrari 488 Spider that just came in. Cody is obsessed with cars and would love to buy the 488, but there is a slight problem. Cody is a full-time student in his senior year of college and works part time at Olive Garden where he earns $7.75 an hour. The new 488 is listed for sale for $429,000! Cody really should not be considered part of the market for the Ferrari because he:
A) does not have the purchasing power.
B) is not old enough to legally buy a car.
C) is not willing to buy the car.
D) does not have the authority to purchase.

Question

Quizplus · Accepted Answer

Cody's part-time income at $7.75 an hour is not sufficient to afford a Ferrari 488 priced at $429,000, indicating a lack of purchasing power.

Cody Stopped by Ferrari of Beverly Hills to Look at the New