Garrett has an annual income of $1 million. sarah has an annual income of $100,000. their buying behaviors differ because of their ability to buy, called their ___, which is largely determined by income.

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Jasper Norton

Business

5 February, 08:13

Garrett has an annual income of $1 million. sarah has an annual income of $100,000. their buying behaviors differ because of their ability to buy, called their ___, which is largely determined by income.

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Gisselle · Answer 1

Their buying behaviors differ because of their ability to buy, called their "buying power", which is largely determined by income.

Explanation:

Buying power as it name is explaining that it refers to the ability of an individual to purchase goods and services. But buying power can take on an alternate importance relying upon the unique situation or industry, in finance, purchasing power alludes to the measure of cash accessible for investors to buy securities in an utilized record.