Last summer,the Thomas family had to decide whether to buy a new car,go to Disney World,or remodel their basement.They chose the vacation.This illustrates:
A) that competition can be defined in terms of dissimilar products vying for a limited supply of discretionary buying power.
B) how the most direct form of competition plays a role in a consumer's decision making.
C) how competition for essential items leaves unlimited discretionary funds for non-essentials.
D) that there can be no competition among dissimilar products.
Correct Answer:
Verified
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