Consumers do not prefer gifts-in-kind to cash gifts.

Name: Consumers do not prefer gifts-in-kind to cash gifts.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

It is possible the consumer would buy the same gift with cash and therefore be just as well off.If the consumer bought something other than the gift,that means that this something else is preferred to the gift.At best,the gift yields the same utility as would have been achieved with the cash,but never more.

Consumers Do Not Prefer Gifts-In-Kind to Cash Gifts