Many of the Purchase Decisions Made by Consumers for Low-Priced

question 117

Multiple Choice

Many of the purchase decisions made by consumers for low-priced frequently purchased products are characterized by:

• A)routine response behavior.
• B)cognitive dissonance.
• C)ambivalence.
• D)high involvement.
• E)cognitive learning.

---

Definitions:

Bailment

A contractual arrangement in which one individual hands over physical control of personal assets to another, with the understanding that these items will be given back.

Superior Rights

Rights that are given priority or are considered more important compared to others within a legal context.

Third-party

An individual or group besides the two involved in a transaction or legal matter.

Possession

The actual holding or control of property, whether owned or not.