Candace Has Been Using the Same Shampoo Brand for Decades

question 151

Multiple Choice

Candace has been using the same shampoo brand for decades. When she finally dyes her hair, however, her hairdresser informs her that she will need to find a new shampoo that can help maintain her new color, prevent breakage, and condition her hair. Before going to the beauty supply store, Candace calls a few friends for recommendations and conducts web-based research on shampoos that address her specific needs. What can one infer about purchase decisions?​

• A) ​Every consumer approaches purchase decisions the same way.
• B) ​Buying shampoo can be a high-involvement purchase decision.
• C) ​Purchase decisions are always based on personal factors and preferences.
• D) ​The same purchase decision requires the same level of involvement every time.
• E) ​Product cost is the only factor that determines whether a consumer will engage in a low- or high-involvement purchase decision.

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Definitions:

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property, which serves as collateral for a loan.

Debtor

An individual or entity that owes a debt to another called a creditor, typically arising from a loan or other financial obligation.

Secured Party

A lender or creditor in a secured transaction who has a legal interest or lien on collateral provided by the debtor.

Preferential Payments

Transactions made before a bankruptcy filing where a debtor gives preferential treatment to certain creditors over others.