Business, 30.01.2020 22:45 nbunny7208

At what point does buying in bulk stop being a wise spending choice?
a. when the consumer has a lot of space to store bulk items
b. when costs rise too quickly due to demand
c. when bulk items are not on sale anymore
d. when the consumer buys more than is needed

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The answer is (d.) when the consumer buys more than is needed.

Buying more than what you need stops you from spending wisely. If you have space to store bulk items, there is no wrong in buying in bulk as long as it will be consumed. When cost rises from time to time, it is indeed wise to buy in bulk while it's cheaper. And bulk items is lesser compared to retail so still you can save even without sales.

Answer from: kekoanabor19

Option D is correct. Buying in bulk stops being a wise spending choice when the consumer buys more than is needed.

Further Explanation:

Buying in bulk:

Buying in bulk means the purchase of a large number of goods at one time. The individual, corporations, or institutions buy goods in large quantity to save the cost of the purchasing. The cost of buying in bulk is always lower. People buy the goods in bulk in case the consumer has a lot of space to store bulk items. Sometimes, people purchase the goods in bulk when the customer anticipates that maybe the price of the particular good rise. People put the stocks in store before the price rises.

Justification for the correct and incorrect

When the customer has a lot of space to store bulk items: This option is incorrect.

This is the wise step of buying in a lot when the customer has a lot of space to store the bulk items. It reduces the cost of purchasing for buying in a bulk.

When cost rises too quickly due to demand: This option is incorrect.

This is also a wise step for buying bulk items before the cost rises. When the demand for a particular good has increased, the price of that good also increases. When cost rises, the customer buys the goods to store for future needs.

When bulk items are not on sale anymore: This option is incorrect.

The customer buys the bulk items before the items are not in the sale anymore. The customer makes the stock in his home for future needs. This is also a wise step for buying in bulk.

When the customer buys more than is needed: This option is correct.

This is not the wise step of buying in bulk. As buying in bulk more than needed leads to wastage of the excess quantity of items.

Learn more:

1.Learn more about consumer influence

2.Learn more about behavior types

3.Learn more about the demand fora product

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Buying Behavior

Keywords: buying in bulk, stop, wise spending choice, cost rise, demand, future needs, customer buys, more than needed, lot of space.

Answer from: Quest

engaging in financial planning?

just took my test

Answer from: Quest

i would say a penny hope it you

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At what point does buying in bulk stop being a wise spending choice?
a. when the consumer has...

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