Consumer Behavior Refers to

question 13

Multiple Choice

Consumer behavior refers to

• A) the aspects of a consumer's decision making processes that cannot be measured.
• B) the actions a person takes in purchasing and using products and services, including the mental and social processes before and after them.
• C) the five stages a buyer passes through in making choices about which product and service to investigate, purchase, and consume.
• D) the mental and social processes related to purchasing that are innate in a person from birth.
• E) those purchasing behaviors that result from repeated experience and reasoning.

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Definitions:

Mortgagee's Interest

The legal interest or right that a lender (mortgagee) holds in the property of the borrower (mortgagor) as security for the loan.

Title Theory

A legal concept in real estate law where the lender holds title to the property until the loan is paid off by the borrower.

Lien Theory

A concept in real estate law where the mortgage holder has a lien on the property as security for the underlying loan, but the borrower retains title to the property.

Title Theory

Title theory pertains to mortgage law where the mortgage lender holds title to the mortgaged property until the borrower has fully paid off the loan.