Which product below is likely purchased using discretionary income?
A)a new watch
B)condo fees
C)grocery bill for milk
D)a new suit for work

Name: Which product below is likely purchased using discretionary income? A)a new watch B)condo fees C)grocery bill for milk D)a new suit for work
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Discretionary income refers to the amount of money that remains after a person has paid for necessary expenses. A new watch is not a necessary expense and can thus be considered a luxury or discretionary purchase.

Which Product Below Is Likely Purchased Using Discretionary Income