Purchasing power is required in order for someone to spend money.
Purchasing power means that someone has the ability to purchase
something (a product or service). Having confidence is not enough to
allow you to purchase something. You can't walk into a store with no
money or goods to barter and walk out with the product or service. Less
disposable income is more likely to lead to less purchasing power. In
order to purchase something, you need to give up something in order to
get what you want, generally you give up money. If you don't have
something you can easily give up, like money, you have less disposable
income.
Answer:
d. Andy, because he is the less elastic factor
Explanation:
Answer:
consumer decision making
Explanation:
Sally wants to get into shape. She asked her friends to which gyms they go. Her friends recommended two different gyms, and she choose one of them. Sally loves the gym she selected so much she started recommending it to her friends. In what process was Sally engaged in when choosing a gym?
Consumer decision making are all the steps consumers experience when trying to decide on whether or not to make a purchase, it begins with need recognition and follows through to post purchase.
This process involves the consumers to identify their needs or want,gather information and evaluate alternative and after this decision is made.
Sally as consumer had analysis the two gym recommended to her and based her decision on the information/data she gather which enable her to evaluate the two gym before she make a decision to chose one.
This process of consumer satisfaction enable her to started recommending it to her friends.
