There Are Five Types of Risks Associated with Purchase Decisions

question 41

Multiple Choice

There are five types of risks associated with purchase decisions.Which of the following best describes a situation where your new car stalls in the middle of a busy intersection?

• A) Physiological risk
• B) Social risk
• C) Financial risk
• D) Functional risk
• E) Psychological risk

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Definitions:

Top Management

The highest level of management within an organization, responsible for setting strategies, goals, policies, and making major corporate decisions.

Marketing Plan Outline

A structured framework that summarizes the marketing strategies, objectives, and programs planned for a product or service.

Consistent

Showing steady conformity to specific characteristics, patterns, or behaviors over time.