Consumers Who Engage in Extensive Cross-Shopping to "Get the Best

question 85

Multiple Choice

Consumers who engage in extensive cross-shopping to "get the best price" have what form of perceived risk?

• A) time perceived risk
• B) physical perceived risk
• C) financial perceived risk
• D) social perceived risk

---

Definitions:

Auto-Insurance

A contract between a vehicle owner and an insurance company, where the insurer covers losses related to car accidents or theft.

Monitored Lock

A lock system that is tracked or observed to ensure its integrity, often used in security applications.

Moral Hazard

The situation where one party is more likely to take risks because another party bears the cost of those risks.

Hidden Actions

Situations in a principal-agent relationship where the agent undertakes actions that the principal cannot observe directly.