All of the Following Statements Regarding Trade-Ins Are True EXCEPT

question 178

Multiple Choice

All of the following statements regarding trade-ins are true EXCEPT:

• A) If a trade-in is involved,the consumer must negotiate two prices,one for the new product and one for the existing product.
• B) On average,customers who traded-in an automobile when purchasing a new one end up paying more than customers who simply buy a new car from a dealer.
• C) Research found that trade-in customers tend to care more about the trade-in value they receive than the price they pay for the new product.
• D) About 95 percent of all new car sales involve a trade-in.
• E) All of the above statements are true.

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Definitions:

Proper Behavior

Conduct that is deemed appropriate, respectful, and considerate according to societal norms and expectations.

Abstract Good

A concept or idea of good that is not tied to any specific concrete examples or manifestations.

Cultural Relativism

A concept in anthropology that holds the belief that a person's beliefs, values, and practices should be understood based on that person's own culture, rather than judged against the criteria of another culture.

Moral Isolationism

The belief that one cannot or should not make moral judgments about the practices of cultures other than one's own.