ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which option is a Need?
A
Car
B
Hot Tub
C
Nike Sneakers
D
Ipod
Explanation: 

Detailed explanation-1: -Car options are add-on features beyond the standard equipment built into a new vehicle. They can be pre-installed at the factory before arriving at dealerships, ordered in advance by customers, or installed by the dealer. Car options upgrade or supplement the model’s standard equipment group.

Detailed explanation-2: -You Cannot Rely on Public Transportation Therefore, you cannot simply rely on public transportation for daily commutes. This is why having your own personal vehicle is very important; it helps get you to your destinations, without having to rely on other people.

Detailed explanation-3: -Assess Your Needs. The “right car” depends on who you are and what you expect from a car. Set Your Budget. Decide If You Want to Lease or Buy. Consider Other Cars in the Class. Weigh the Costs of Ownership. Find Cars for Sale. Set Up a Test Drive. What to Look For in a Test Drive. More items •05-Apr-2018

Detailed explanation-4: -Fix your budget The first and foremost step while planning for a car purchase is determining how much you can spend. Choose between new and pre-owned car Once you have fixed your budget, it is important that you decide whether you want to buy a new car or a pre-owned one. More items

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