Routinized Response Behavior Is What a Consumer Does When

question 130

Multiple Choice

Routinized response behavior is what a consumer does when

• A) purchasing an unfamiliar product.
• B) buying frequently purchased, low-cost items.
• C) an information search is extensive and may involve consulting with friends and family.
• D) buying products that require a moderate amount of time for information gathering and deliberation.
• E) he or she enters the problem recognition stage of the consumer buying decision process.

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Definitions:

Withdrawal

The process of removing funds from a bank account or investment.

Prepaid Insurance

Coverage payments made in advance that are recorded as assets and then expensed over the period that the insurance policy covers.

Advance Payment

Payment made to a supplier or service provider before receiving the goods or services.

Expense

Expenditures made by a business during the revenue generation process.