Homes are selling for $200,000 in a residential neighborhood. A potential buyer offered $200,000 for a similar home in the same neighborhood. The buyer's offer was based on the principle of:
A. Conformity.
B. Substitution.
C. Competition.
D. Plottage.
Answer: B. Substitution.
Business
You might also like to view...
Inventory management planning is easiest for _____
a. fad products b. growing products c. mature products d. staples
Business
Which component of the supply chain decision-making framework would be used to reach the performance level dictated by the supply chain strategy?
A) Customer strategy B) Supply chain strategy C) Supply chain structure D) Competitive strategy
Business