When Products Are Indistinguishable or There Is a Prior Relationship

question 59

Multiple Choice

When products are indistinguishable or there is a prior relationship between customer and vendor,this is a(n) :

• A)product buying motive
• B)patronage buying motive
• C)rational buying motive
• D)emotional buying motive
• E)group buying motive

---

Definitions:

Decision Already Made

Decision already made refers to situations where a conclusion or resolution has been reached before discussing or presenting it to others, often making subsequent deliberations or inputs appear redundant.

Circular-Flow Diagram

A visual model that shows how goods, services, and money move through the economy in a circular manner between households and firms.

Factors Of Production

The resources used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Circular-Flow Diagram

A diagrammatic representation illustrating the flow of economic resources through various markets, connecting households with firms.