Factors That Directly Affect the Opportunity to Process Information Might

question 77

Multiple Choice

Factors that directly affect the opportunity to process information might include all of the following except

• A) the consumers' cognitive abilities.
• B) the number of retail outlets or dealers.
• C) the attribute information available about each brand.
• D) the information format.
• E) time availability.

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Definitions:

Indemnity

Indemnity is a contractual obligation of one party to compensate the loss occurred to the other party due to the acts of the indemnitor or any other party.

Guarantor

A guarantor is a person or entity that agrees to be responsible for another's debt or obligations, should the original party fail to meet their responsibilities.

Guarantee

A formal promise or assurance, typically in writing, that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.