Brandon Is an Avid Bicyclist and Is Interested in Purchasing

question 115

Multiple Choice

Brandon is an avid bicyclist and is interested in purchasing a new bike that's designed specifically for people who compete in triathlons. Brandon reads product reviews posted in online forums and decides to buy the Kestrel 4000, a carbon fiber bike that's moderately priced at $2500. Which of the following best describes how product reviews assisted Brandon in his purchase decision?

• A) Make a final purchase decision
• B) Identify a need
• C) Search for available options
• D) Learn about new products

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Definitions:

Net Income

The total earnings or profit of a business after subtracting all expenses, taxes, and costs.

Discretionary Income

The amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food and shelter) are taken care of.

Gross Income

Total earnings received by an individual or company before any deductions such as taxes, expenses, and other contributions.

Disposable Income

The amount of money an individual or household has available to spend or save after taxes and necessities have been paid.