Which of the Following Is True About Behavioral Influence Decision-Making

question 113

Multiple Choice

Which of the following is true about behavioral influence decision-making perspective?

• A) Consumers are rational and they diligently gather information about purchases.
• B) Consumers compare various brands of products on salient attributes.
• C) Consumers' behaviors are influenced by environmental forces.
• D) Consumers make informed decisions regarding what brand to buy.
• E) Consumers' behaviors are influenced by cognitive decision making.

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Definitions:

Division of Labor

The separation of the work required to produce a product into a number of different tasks that are performed by different workers; specialization of workers.

Command Systems

Economic systems where production, investment, prices, and incomes are determined centrally by a government.

Pure Capitalism

An economic system characterized by private ownership of the means of production, minimal government intervention, and the free market determining prices and distribution of goods.

Communism

A political and economic ideology advocating for a classless society in which the means of production are owned collectively.