In Which of the Following Conditions Is a Consumer More

question 1

Multiple Choice

In which of the following conditions is a consumer more likely to experience cognitive dissonance?

• A) The consumer is not aware that there are many attractive alternatives that may offer comparable value relative to the product/brand purchased.
• B) The decision is difficult to reverse
• C) The decision is not important.
• D) The consumer has high self-confidence
• E) all of these choices

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Definitions:

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, with certain tax benefits.

Compounded Semi-annually

The technique of twice yearly adding interest to the initial sum of money and to the interest that has previously been compounded.

End-of-quarter Payments

Payments made at the end of each quarter in a financial year, often related to dividends, loans, or leases.

Compounded Monthly

A method of calculating interest where the interest amount is added to the principal balance each month, accelerating the growth of the investment.