Question 35
Basic ConceptsA scale of preference is a list
- A.of consumer's wants arranged in order of importance
- B.that helps the individual to make a rational choice
- C.that enables the consumer to make a wise decision about his choice
- D.that is necessary because human beings are faced with competing wants
- E.of all satisfied wants arranged in order of magnitude.
Show the answer and explanation
Answer: A (of consumer's wants arranged in order of importance)
Explanation
A scale of preference ranks a person's wants in order of importance.