If a Consumer's Drive Is Strong and a Satisfying Product

question 70

Multiple Choice

If a consumer's drive is strong and a satisfying product is near at hand, the consumer is likely to purchase the product at that time. If not, the consumer may store the need in memory or undertake ________.

• A) consumer ethnocentrism
• B) buyer's remorse
• C) a need recognition
• D) an information search
• E) cognitive dissonance

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Definitions:

Accounts Receivable

Money owed to a company by its debtors for goods or services delivered but not yet paid for.

Credit Standards

The financial strength and creditworthiness that qualifies a customer for a firm’s regular credit terms.

Financial Importance

Financial importance refers to the significance placed on managing finances effectively to ensure stability and growth of an individual's or organization's assets.

DSO Analysis

Stands for Days Sales Outstanding, a calculation used to assess the average number of days it takes a company to collect payment after a sale has been made.