Help with microeconomics

User Generated

avan41

Economics

Description

A lot of consumers have this same thought when they purchase name brand products over generic products. What are your favorite products in which you feel there are no substitutes? Why are they worth the expense to you?

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Explanation & Answer

My favorite product are the car products from Toyota, I value them because the company is very fast in modifying their products and have a  competitive advantage over its competitors.They have tried in fighting the imitation game.I feel they are worth for my expenses as i cannot see a similar product all over in the market hence am guaranteed of unique products form the company.


Anonymous
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