Difficulty: Easy
Correct Answer: (a) and (c)
Explanation:
Introduction / Context:
Marketing and operations decisions benefit from understanding broad consumer preferences. In many mainstream retail categories in the USA, buyers are price- and value-sensitive, and brand or country-of-origin effects vary by product and context. A generalization used in basic business studies is that buyers prefer the best perceived quality at the lowest price and often purchase without strong regard to country of manufacture, provided the value proposition is sound.
Given Data / Assumptions:
Concept / Approach:
Basic demand theory highlights utility maximization given a budget constraint. Consumers evaluate perceived quality, brand reputation, and price, selecting options that deliver high value. While “buy American” sentiments exist, actual purchase behavior often prioritizes price-quality balance and availability over origin, particularly in commodity and mass-market goods.
Step-by-Step Solution:
Identify the statements that reflect value-seeking behavior: best quality for least money.Consider whether country-of-origin is universally decisive; it generally is not.Combine the compatible statements: (a) and (c) together describe typical behavior.
Verification / Alternative check:
Retail pricing strategies (promotions, private labels) and globalized supply chains demonstrate consumers’ willingness to purchase imported goods when quality and price align, supporting option (a) and (c).
Why Other Options Are Wrong:
Option (b) overstates preference for domestic products at higher costs across all categories. Options (a) or (c) alone are incomplete; the combined option represents a more complete general tendency. “None” is incorrect because (a) and (c) together fit observed behavior.
Common Pitfalls:
Assuming a single factor (patriotism, brand, or price) always dominates; in reality, segment, category, and income effects create nuance. The question asks for a general, broad view.
Final Answer:
(a) and (c)
Discussion & Comments