Question 1Three friends, Alice, Bob and Carol, have the following individual preferences over the food theyusually get: Chinese, Indian and Italian.AliceBobCarolChinese Italian IndianIndianChineseItalianLeast preferred Italian Indian ChineseMost preferredJointly, they agree to determine their group preference as follows: Cuisine A is preferred to Bif A gets the majority of votes against B in a two-alternative vote.• What is the group's preference over Chinese and Indian food?• What is the group's preference over Indian and Italian food?• What is the group's preference over Chinese and Italian food?• Is the group's preference over the three cuisines transitive? Why or why not?

(A) Carol likes Indian food over Chinese, but Alice and Bob prefer Chinese. Thus, most people choose…

Answered: • What is the group's preference over…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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• What is the group's preference over Chinese and Indian food? • What is the group's preference over Indian and Italian food? What is the group's preference over Chinese and Italian food? • Is the group's preference over the three cuisines transitive? Why or why not? ·