How important was your income as a factor

Reference no: EM13792670

Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product.

What other factors affected your decision? How important was your income as a factor and How important was the price of other goods as a factor?

Reference no: EM13792670

Questions Cloud

Role of economics in decision making : What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making.

Example of an intermittent production process : Benchmarking relies on statistical sampling to locate errors by testing some of the items in a production run

Explain the influence of the biopsychosocial model : Explain the influence of the biopsychosocial model on the biomedical viewpoint

What you learned about evt as a communication : How did you feel do the vilation? was it good feeling or bad feeling? why? What you learned about EVT as a communication?

How important was your income as a factor : Identify a recent purchase in which the price of the product was an important consideration in the decision-making process related to purchasing the product.

What is the law of diminishing marginal productivity : What is the law of diminishing marginal productivity and How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.

Why is the demand of labor a derived demand : Why is the demand of labor a derived demand and what is the relationship between productivity and the wages earned by employees where you work or at an organization with which you are familiar?

Staffing in behavioral healthcare facilities : Does behavioral healthcare have unique staffing needs or is it similar to the staffing needs of a hospital in general? Why or why not?

What conditions exist when economic profits are maximized : What conditions exist when economic profits are maximized and what is the difference between economic and accounting profits? What are economic profit-maximizing strategies that may be made by a perfectly competitive firm, a monopolist firm, and a..

User Account

All Pages