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Please participate and respond: 1st Situation Answer: Yes/ No? 2nd situation Answer: Yes/ No?

<p><strong>1.  Would you drive2 minutes to save Rs.25?</strong></p> <p><strong>"Imagine that you are about to purchase a pair of gloves for </strong></p> <p><strong>Rs.150 and the salesman informs you that the jacket you wish </strong></p> <p><strong>to buy is on sale for Rs.125 at the other branch of the store, </strong></p> <p><strong>which is10 minutes Walk away." </strong></p> <p><strong>Would you make the trip? YES/ NO </strong></p> <p> </p> <p><strong>2. "Imagine that you are about to purchase a jacket for Rs.1150 and </strong></p> <p><strong>the salesman informs you that the jacket you wish to buy is </strong></p> <p><strong>on sale for Rs.1125 at the other branch of the store, which is </strong></p> <p><strong>10 minutes  Walk away." </strong></p> <p><strong>Would you make the trip? YES/ NO</strong></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/11
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

If my way back is on the opposite/other direction.

1st case:>>>>>>>>>>>>>>>>  80% Yes  20% No

2nd case >>>>>>>>>>>>>>>>>>>>>>>30% Yes    70% No

If my way back is on the same direction

100% Yes. in both cases.

Sara Khan
by Sara Khan , financial and admin assistant , Ministry Of Defence

No in both situations..

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

1. Yes

2. Yes

sagar uparkar
by sagar uparkar , Manager , Icici Bank

Hi Venkitaraman,

 

Good afternoon. In my opinion, it will be depend on the situation. For example, if I do have the time and no other work which will worth more. I will prefer walk in both the cases, if the distance is walking. Since, I can save Rs.25/- as well as walking to and fro20 minutes will not deter my health in fact it will help. Even though the Rs25/- may a small amount for someone but still it will help to buy something additional and can be utilized for transportation. So I can say it will be prudent decision to purchase it from other outlet where we are getting discount.

Ibrahim Hussein Mayaleh
by Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

In the first situation, am I going to buy gloves or a jacket???? 

 

Anyway, I do respect those who started to calculate the percentage, but I believe it is not logic to do this calculation. In both cases, the question is whether is it worth to walk10 minutes to save Rs.25 ?

Personally, I don't know how much is Rs.25, if it is less than a cup of coffee, I won't do it.

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

yes

no

Haseeb Khalid
by Haseeb Khalid , Sales and Promotion Manager. , Medi Urge

No in both scenarios yes if it is half price. 

Muhammad Adeel
by Muhammad Adeel , Sales And Marketing Executive , TANZEEM HEAVY EQUIPMENT RENTAL LLC

No in both situations because fuel will cost more than Rs.25 and a waste of time is another issue.

geetha rani
by geetha rani , Sponsor Visa (Husband) , barclays,hsbc

no

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Situation One- Yes

Situation Two- No

 

 

yes but not neccessarily due to tha fact that is less priced. I would also be interested in getting to see other choices / options available at the other store.

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