When Buying Clothes,consumers May Shop at Several Stores and Compare

question 30

Multiple Choice

 When buying clothes,consumers may shop at several stores and compare a number of different brands and styles before purchasing an item without resorting to a complex analysis of the pros and cons of each brand and style.Identify the decision making type involved. 

• A) Extensive decision making
• B) Limited decision making
• C) Routine decision making
• D) Optional decision making 

---

Definitions:

Supply And Demand

Economic model of price determination in a market, where the quantity of a good supplied by producers and the quantity demanded by consumers depend on the price level.

Currencies

Systems of money in common use, particularly in a nation or economic region, serving as a medium of exchange.

Governments

Governments refer to the group or system of individuals governing an organized community, often a state.

Own Currencies

Refers to the sovereign currency that is issued and controlled by a country's own government or central bank.