To increase their brand name BIGBAZAAR opened their branches in
every city and in some city more than one, it is known at MOBILITY.
My sister loves shopping, but
whenever she goes to BIGBAZAAR, she faces major TRADEOFFS (TRADEOFFS is
a point where we have to sacrifice something(x) to get something(y)), while
choosing cloths, because she finds a lot of varieties. She has to choose some
and sacrifice other among them because of the budget.
But on “Wednesday Bazaar” she
enjoys shopping because of exciting offers within her budget which act as her INCENTIVES (it motivates us to behave in a certain way).
Whenever BIGBAZAAR makes offers,
things get lower in price, quantity demanded increases immediately, this is an
example of LAW OF DEMAND (when other things remains constant and the price decreases the quantity demanded
increases.) .
BIGBAZAAR offers lots of variety
so that when people go to BIGBAZAAR they find lots of options under one roof
with exciting offers, they choose the best among them which comes under their
budget which satisfies them most, its
describes the term UTILITY where people get maximum satisfaction derives from the
consumption of any goods.
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