A market rarely exists for products that offer less and therefore cost less.

Question

Quizplus · Accepted Answer

A market can exist for products that offer less and cost less if there is demand for affordable and basic versions of a product. These products may appeal to budget-conscious consumers or those who prioritize simplicity over advanced features. For example, a basic flip phone may have a market among older consumers who do not need or want the complexity of a smartphone.

A Market Rarely Exists for Products That Offer Less and Therefore