A lower price tag impacts client behavior because they think they're getting a good deal.
However, buying that jacket on other websites at a reduced price may not be a good idea.
Opportunity costs are yet another word for financial savings.
This is further explained below.
<h3>What is
Consumer?</h3>
Generally, Consumer behavior may be roughly defined as the choices and behaviors that influence customers' buying behavior. Marketing plays a significant part in this process.
The influence of advertising on consumer purchase choices is larger. Every aspect of pricing is important.
Customers are more likely to buy a product if they believe they are receiving a good bargain, hence a decreased price tag influences customer behavior.
2) Ella would have made a wise choice if she had purchased the jacket since she did so at a reduced cost.
If you seek that Jacket on other internet sites for a more lowered price, it may not be a wise investment, nonetheless.
3) Ella may have saved the money for future investments to earn interest instead of spending it on a jacket, or she could have used it for other table expenses.
Opportunity costs are yet another word for financial savings.
Read more about financial savings.
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