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Question

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?


Your Answer
A
Production
Your Answer
B
Distribution
Correct Answer
C
Consumption
Your Answer
D
None of  these

Solution

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

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