When Buying Unsought Products, Consumers Spend Considerable Time and Effort

question 77

True/False

When buying unsought products, consumers spend considerable time and effort in gathering information and making comparisons.

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Definitions:

Increase Competition

A situation where more competitors enter the market, intensifying the competitive environment.

E-commerce

The buying and selling of goods and services using the internet, and the transfer of money and data to execute these transactions.

Buying and Selling

The basic components of commerce involving the exchange of goods or services for money or other goods between parties.

Goods and Services

This term describes the combination of tangible products and intangible activities provided to fulfill consumer needs and desires.