Julia Doesn't Like to Drink but Decides to Drink with Her

question 75

Multiple Choice

Julia doesn't like to drink but decides to drink with her sorority sisters anyway because she wants to fit in and be liked by her new friends. This illustrates a form of:

• A) informational social influence.
• B) normative social influence.
• C) private conformity.
• D) pluralistic ignorance.

Differentiate between autonomous and induced consumption.

Recognize the effects of consumer confidence and expectations on spending.

Articulate the significance of the average propensity to consume and save.

Understand the influence of consumer income on spending categories.

---

Definitions:

Holding Cost

The expenses associated with storing inventory that is not being sold or used in the immediate future, including warehousing, insurance, and opportunity costs.

Shipping Option

Various methods and services provided by carriers for transporting goods from one location to another, differing in speed, cost, and handling requirements.

Factor Weighting Technique

A multi-criteria decision-making method that involves assigning different weights to various factors or attributes to rank or evaluate options.

Armchairs

Comfortable, upholstered chairs with side supports for a person's arms.