You have been hired as the marketing manager of a company selling smartphones. You want to adjust the price of a new model so as to maximize profits. Which domain of economics does this problem come under?

Production

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Distribution

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Consumption

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None of these

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Solution

The correct option is C Consumption
Study of consumer behaviour comes under the domain of consumption.

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You have been hired as the marketing manager of a company selling smartphones. You want to adjust the price of a new model so as to maximize profits. Which domain of economics does this problem come under?

The correct option is C ConsumptionStudy of consumer behaviour comes under the domain of consumption.

The correct option is C Consumption
Study of consumer behaviour comes under the domain of consumption.