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Buying Products Regardless of Price

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I need your opinion on the following the question:

Provide the name of a product that you would continue to buy regardless of price. Why would you continue to buy that product?

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Solution Summary

This 425 word solution selects a product (gasoline) and explains why people will continue to buy it regardless of the price. Additionally, this solution includes one reference source for further investigation of this topic.

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A product people will continue to spend their money on regardless of price is the commodity of gas. It's evident that gasoline on an individual level is needed for traveling to work, the grocery store, to the kid's extra-curricular activities, and/or for entertainment. In addition, gasoline is needed for businesses to run; especially, businesses that need inventory transported, imported, or exported on a regular basis. Businesses also rely on gas when driving to meet a new client for lunch or when driving to a business trip. Gasoline is also important to the US economy and government because there is a lot of money being made off of the gasoline industry and doing business with the OPEC ...

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  • MBA, Webster Univeristy
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