Consumers Are More Likely to Experience Cognitive Dissonance When

question 95

Multiple Choice

Consumers are more likely to experience cognitive dissonance when:

• A) the purchase has been made at discount prices.
• B) the purchase decision has potential economic consequences.
• C) the purchased product has routine uses.
• D) the product company offers excellent after-sales service.

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Definitions:

Monte Carlo Simulation

A computational technique that uses random sampling to approximate the probability of various outcomes in a process.

Random Values

Numbers or outcomes generated in a manner that follows no discernible pattern, often used in simulations or statistical sampling.

Uncertain Inputs

Factors or variables in a model or process that have unknown or unpredictable values, affecting outcomes and decision-making.

Monte Carlo Sampling

A statistical technique that utilizes random sampling and probability to solve problems that might be deterministic in principle.