Habitual Decision Making Occurs When __________

question 96

Multiple Choice

Habitual decision making occurs when __________.

• A)a decision process involved little or no conscious effort
• B)a decision requires assistance from sales associates
• C)customers have demands upon their time and wallets
• D)retailers stimulate sales by suggesting complementary merchandise

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Definitions:

Economy of Scale

The cost advantages that enterprises obtain due to their scale of operation, typically resulting in decreased per-unit cost as production increases.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use doesn't reduce its availability to others.

Total Damage

The cumulative harm or loss resulting from an action or event, encompassing both material and immaterial impacts.

Market Level

A term denoting the scope or extent of a given market, which can range from local to global, affecting strategies and operations of businesses within.