Which of the Following Statements Best Defines Habitual Decision Making

question 21

Multiple Choice

Which of the following statements best defines habitual decision making?

• A)It refers to the internal conflict that arises from an inconsistency between two beliefs, or between beliefs and behaviour.
• B)It refers to a buying decision made by customers on the spot when they see the merchandise.
• C)It refers to a purchase decision process in which consumers engage with little conscious effort.
• D)It refers to a purchase decision process during which consumers devote at most, a moderate amount of effort and time.
• E)It refers to a purchase decision process during which consumers devote considerable time and effort to analyzing alternatives.

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Definitions:

Profitable Product

An item that brings in more income than the expenses related to its production and sale.

Contribution Margin

The amount remaining from sales revenue after variable costs have been subtracted, which contributes to covering fixed costs and generating profit.

Selling Price

is the amount a customer pays to purchase a product or service.

Annual Production

The total quantity of goods or services produced by a company or facility within a one-year period.