Laurie Knows Little About Cooking and Does Not Want to Spend

question 71

Multiple Choice

Laurie knows little about cooking and does not want to spend the time to learn how to make a quiche.However,she has been asked to bring a quiche to an office retirement party.Not wanting to make a poor choice,she is likely to:

• A) intuitively make the right choice
• B) avoid making a decision by not attending the party
• C) buy the most expensive pre-made quiche (perhaps paying too much),guessing that the price is related to quality
• D) research the product and buy the least expensive frozen quiche she can find
• E) buy the least expensive frozen quiche because most consumers feel that price is not directly related to quality

---

Definitions:

Technological Breakthrough

Sudden, significant progress or innovation in technology that dramatically changes industries or societies.

Energy Prices

Energy prices refer to the cost of primary sources of energy such as oil, natural gas, coal, and renewable sources, which can fluctuate based on supply, demand, geopolitical factors, and other variables.

Cash Receipts

The collection of money (cash, checks, electronic transfers) from sales or other transactions.

Credit Sales

Sales transactions where payment is delayed, extending credit to the purchaser.