Explain why consumers and businesses buy more at lower prices, and then answer these questions:

Do you tend to buy more items at once to get the discounted price per unit? Why do you or do you not gravitate toward these package deals? How do behavioral biases affect these types of deals?

Answer rating: 100% (QA)

Consumers purchasing behavior is significantly affected by the price sensitivity of a product Price sensitivity is the change in demand for a particul... View the full answer