Question: This activity is important because a consumer s ability to buy products and services is related to income. Marketing managers must understand the differences between

This activity is important because a consumers ability to buy products and services is related to income. Marketing managers must understand the differences between gross, disposable, and discretionary income to ensure that consumers can afford to purchase products. Without sufficient consumer income, marketing exchange cannot occur.
The goal of this activity is to demonstrate your understanding of the components of consumer income: gross income, disposable income, and discretionary income.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!