Many brands are offered in the market or through on-line marketing. In this regard, your parents asked you to decide what brand are you going to buy for use in your studies. You’re too excited to purchase a mobile phone or a laptop.   1. Describe the process that you went through in your purchase that need thorough deliberation. 2. Did you go around to look for the best price? 3. Did you choose quality over price or vice versa? 4. What is your deciding factor in choosing the product?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter5: Supply, Demand, And Price: Applications
Section5.8: Application 8: College Superathletes
Problem 1ST
icon
Related questions
Question

We are all affected by the spread of corona virus since March, 2020 that led to the decision of the Department of Education to move the opening of classes from June, 2020 to October 5, 2020. The Department of Education through the guidance of the IATF decided that the Learning Delivery Mode is
Modular and Online method of instruction hence face to face modality is
prohibited. This development led to the high demand of gadgets and modern
technology. Stakeholders especially the parents wanted the best for their
children. They seek for the best gadgets and suppliers in the market. Many
brands are offered in the market or through on-line marketing. In this regard,
your parents asked you to decide what brand are you going to buy for use in
your studies. You’re too excited to purchase a mobile phone or a laptop.

 

1. Describe the process that you went through in your purchase that
need thorough deliberation.
2. Did you go around to look for the best price?
3. Did you choose quality over price or vice versa?
4. What is your deciding factor in choosing the product?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Arrow's Impossibility Theorem
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning