Author Question: One reason why a consumer might buy from a high-priced local hardware store instead of going to a ... (Read 97 times)

stephzh · **on:** Jul 1, 2018

One reason why a consumer might buy from a high-priced local hardware store instead of going to a big discount store several miles away in another community is that
a. the local store will still have lower money prices
b. the time cost of going to the local store is equal to going to the discount store
c. comparing the sum of money prices and time cost, the local hardware store is a bargain for people who value time highly
d. comparing the sum of money prices and time cost, the local hardware store is a bargain for people who earn low hourly wages
e. the time cost of going to the discount store is less than going to the local hardware store

Question 2

Which of the following people is least likely to clip store coupons?
a. a retired person
b. an unemployed person
c. a low-income worker
d. a high-priced consultant
e. a graduate student on summer break