A fine watch manufacturer that markets watches costing from $3,000 to $25,000+ wants to determine the percentage of an area's households that would purchase its products. The firm plans to determine the number of authorized watch dealers in each territory based upon this calculation. This manufacturer should study the average household's

Question

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Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food, shelter) have been paid. It is the most relevant for luxury items such as high-end watches, as it reflects the money consumers can choose to spend on non-essential items.

A Fine Watch Manufacturer That Markets Watches Costing from $3,000