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Real Life Application
Real Life Application
Real Life Application
The idea of
convenience is discussed. It was found that people prefer to pay more for a product that is
located near them. Thus, the extract amount is the equal to the cost of going to look for the
product in a cheaper location. For more people who buy at those shops they prefer the
convenience rather than high cost charged by the shops. The business seem are ripping of the
consumers but they will prefer to pay more the convenience. Application of the chapter to the