Answer:
The correct answer is A) inconsistent reasoning; saving $20 is saving $20.
Explanation:
Tony is making an uninformed decision or more strictly, his reasoning is inconsistent. A flat discount of $20 is applicable to all products. Whether he buys something that is worth $50 or $500, his savings would still be the same.
All other options are wrong. If e.g. he this was a flat 20% discount, his savings would have been much different. e.g. 20% of $50 is $10 while it equals to a $100 for a $500 product.
At this point, he would have to make rational decision on what he really needs to buy.
Marketing research is the process of planning, collecting, and analyzing data relevant to a marketing decision. The results of this analysis are then communicated to management.
<h3>What is m
arketing research?</h3>
Market research, also known as "marketing research" is the process of determining the viability of a new service or product through research conducted directly with potential customers.
Market research allows a company to discover the target market and get opinions and other feedback from consumers about their interest in the product or service.
This type of research can be conducted in-house, by the company itself, or by a third-party company that specializes in market research. It can be done through surveys, product testing, and focus groups.
Test subjects are usually compensated with product samples or paid a small stipend for their time. Market research is a critical component in the research and development (R&D) of a new product or service.
To learn more about marketing research, refer
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Adam Smith, and Invisible hand. hope this helps!
Property rights are: b. The right that individuals or firms have to buy or sell their property, and the exclusive use of their property
These properties can either be owned by the government, an organization or an individual. The right to property has four properties or rights:
Good’s usage
Make money from the goods
Sell the good to others
Property rights administration
