Which of the Following Factors Is NOT Part of the Budget

question 51

Multiple Choice

Which of the following factors is NOT part of the budget equation?

• A) relative prices
• B) real income
• C) quantities of goods
• D) preferences

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Definitions:

Prestige

The reputation or high standing of something or someone, often acquired through quality, achievements, or exclusivity.

Quality

The standard of something measured against other things of a similar kind; the degree of excellence of something.

Promotion

A marketing tactic that involves raising awareness of a brand, product, or service to increase sales or public visibility through various channels.

Availability

The degree to which a product, service, or resource is obtainable or accessible when needed.