Question

Jackie enjoys garage sales and the bargaining process. She finds an old record player and some records for $25 at one garage sale. In negotiating with the owner, she was able to pay $12 for the entire bundle. Which desire as a customer did this experience fulfill for Jackie?

1. The customer experience of finding a price that is between too much and too little for the bundle.
2. The customer experience of finding a price that is as much as possible for the bundle.
3. The customer experience of finding a price that is as little as possible for the bundle

Answer 1

The correct answer to the question is option:

3 :The customer experience of finding a price that is as little as possible for the bundle

Step-by-step explanation:

Jackie is a customer that prefers paying below the value of the commodity. This is akin to discount sale or purchase. This is also available in stocks or shares. The difference of $13,000($25 - $12) represents the discount value.