The best term which completes the sentence with correct meaning.
Answer to Problem 4AA
Option (c) − Principles
Explanation of Solution
When it comes to making a decision for spending money, the consumer should follow some basic principles or rules before buying the product. There are few mentioned below:
- A consumer should focus primarily on his budget or income when he wants to purchase a commodity.
- He should also get prior information about the product’s quality, its price, price of related goods, etc so that the decision he makes of purchasing the product or not should be rational.
Other options in the question are not suitable as the answer because the question talks about the rules which a consumer should follow. No other option except ‘principles’ make sense with the question asked.
Introduction:
Rational
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