Consumer Behavior Includes the Actions a Person Takes in Purchasing

question 271

Multiple Choice

Consumer behavior includes the actions a person takes in purchasing services and using products and services,including

• A)the physical effort spent on these actions.
• B)the financial limitations one must overcome to accomplish these actions.
• C)the mental and social processes that come before and after these actions.
• D)the emotional processes that occur during these actions.
• E)the cognitive and attitudinal processes that must be developed to complete these actions.

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Definitions:

Collection Bank

A financial institution involved in processing checks and payments on behalf of other banks or entities.

Collection Bank

A financial institution where checks or drafts are presented for payment.

Notice of Dishonor

A formal notification indicating that a negotiable instrument like a check or bill of exchange has been presented for payment and declined.

Endorser

One who issues an endorsement.