Question
State FOUR factors that a consumer should consider in satisfying competing needs.
Answer
(i) A consumer has to make a choice.
(ii) A consumer should have a scale of preference
(iii) A consumer should use opportunity cost
(iv) A consumer should conserve resources.
(ii) A consumer should have a scale of preference
(iii) A consumer should use opportunity cost
(iv) A consumer should conserve resources.
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