Which of the Following Statements About the Distinction Between Consumer

question 158

Multiple Choice

Which of the following statements about the distinction between consumer goods and industrial goods is the most accurate?

• A)Industrial goods are custom-made to the specifications of the buyer,while the vast majority of consumer goods are mass-produced.
• B)Consumer goods are typically more expensive than industrial goods.
• C)Industrial goods tend to have a useful life of several years and can be depreciated while consumer goods typically last less than a year.
• D)The same product can be classified as either a consumer good or an industrial good,depending upon its end use.

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Definitions:

Post-Decision Dissonance

Cognitive dissonance experienced after making a difficult choice, typically reduced by increasing the attractiveness of the chosen alternative and decreasing the attractiveness of rejected alternatives.

Attributional Regret

A feeling of regret that arises from thinking about how different actions or behaviors might have led to a better outcome.

Behavioral Aggregation

The process of considering multiple instances of behavior over time to provide a comprehensive view of an individual's actions or tendencies.

Attitude-Behavior Inconsistency

The phenomenon where there is a discordance between what one professes to believe and how one actually behaves.