Which of the Following Is the Best Example of a Precommitment

question 94

Multiple Choice

Which of the following is the best example of a precommitment used to overcome time inconsistency?

• A)finding a running partner and setting a regular schedule of when you will run together
• B)deciding to save a percentage of each month's paycheck
• C)signing up for a free trial membership at the local gym
• D)buying an alarm clock

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Definitions:

Exclusive Distribution

The awarding by a manufacturer to an intermediary of the sole right to sell a product in a defined geographic territory.

Promotion Mix

A combination of promotional tools used by a business to achieve its marketing objectives, including advertising, sales promotion, public relations, personal selling, and direct marketing.