Which of the Following Statements Is True of Consumer Behavior

question 50

Multiple Choice

Which of the following statements is true of consumer behavior?

• A) It is limited to the study of how consumers buy products.
• B) It reflects the actions of a single consumer rather than a group of consumers.
• C) It is related to how consumers make acquisition decisions rather than disposition decisions.
• D) It deals with the purchase of tangible goods but not services.
• E) It affects decisions about managing debt.

---

Definitions:

Egocentrism

A cognitive trait that causes individuals to interpret the world solely from their own perspective, often neglecting others' viewpoints.

Concrete Operational

A stage in Piaget's theory of cognitive development where children aged 7 to 11 years are able to think logically about concrete events and understand the concept of conservation.

Conservation

The principle that certain properties of an object, like volume or mass, remain the same even if its appearance changes, essential to cognitive development in children as identified by Jean Piaget.

Numerically Impossible

A term referring to tasks or events that cannot occur due to mathematical constraints or limitations.