Which of the following terms refers to consumers' propensity to buy?
A) Disposable income
B) Discretionary income
C) Buying power index
D) Buying power
E) Willingness to spend

Question

Quizplus · Accepted Answer

Willingness to spend refers to consumers' propensity to buy, which indicates how likely they are to make a purchase. Disposable income refers to the amount of income left after taxes, while discretionary income refers to the amount left after essential expenses. Buying power index and buying power both relate to the consumer's ability to make purchases but do not specifically indicate their willingness to do so.

Which of the Following Terms Refers to Consumers' Propensity to Buy