The Three Most Widely Recognized Types of Consumer Decision Making

question 35

Multiple Choice

The three most widely recognized types of consumer decision making are:

• A) limited decision making, extended decision making, and routinized response behavior.
• B) extended decision making, enduring decision making, and situational decision making.
• C) planned decision making, impulse buying, and limited decision making.
• D) internal decision making, external decision making, situational behavior.
• E) responsive behavior, planned behavior, and impulsive decision making.

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Definitions:

Discrete Random Variable

A variable that takes on a countable number of distinct values and is often used to model scenarios where outcomes are distinct and separate.

Discrete Quantitative Variables

Variables that represent countable quantities and can take on a finite number of distinct values.

Elementary Units

The simplest, indivisible entities which a data set or a statistical analysis is concerned with.

Finite Result

An outcome or solution that is fixed and definitive, with limitations in terms of size, number, or extent.