When John Bought Himself a Phone with a Camera,he Chose

question 82

Multiple Choice

When John bought himself a phone with a camera,he chose the one that could take 12-megapixel pictures over the one that could take 8-megapixel pictures.According to John,the picture resolution of the one he bought was much better than the alternative choice.In buying the camera phone with a better picture resolution,John's judgment is most likely affected by _____.

• A) just noticeable difference
• B) attribute correlation
• C) brand name associations
• D) consumer personality
• E) financial considerations

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Definitions:

FOB

Free On Board, a term in international trade that indicates whether the seller or buyer is responsible for goods damaged or destroyed during shipping.

Shipping Terms

Refers to the agreed conditions between a buyer and seller regarding the delivery of goods, including the allocation of shipping costs and responsibilities.

International Transportation

The movement of goods or people across international borders, involving various modes of transport like air, sea, road, or rail.

Sight Draft

A financial document demanding immediate payment upon presentation to the drawee, commonly used in international trade to control the transfer of goods.