A Consumer Is Most Likely to Use ________ When Purchasing

question 42

Multiple Choice

A consumer is most likely to use ________ when purchasing a new, updated version of something that he or she has purchased before, such as replacing an old laptop with a new one.

• A) extensive problem solving
• B) economic problem solving
• C) limited problem solving
• D) passive problem solving
• E) routinized response behavior

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Definitions:

Percentage Cost

This refers to the cost expressed as a percentage of the total amount or value involved.

Production Output

The total quantity of goods and services produced in a given time period by a firm or country.

Cash Sales Policy

A cash sales policy is a business approach where transactions are conducted strictly on a cash basis, without offering credit to customers.

Discount Period

The discount period is the time frame in which a payment can be made at a discounted rate from the regular price or before it becomes due.