Stan Has Never Entered into Any of the Resplendent Stores,a

question 53

Multiple Choice

Stan has never entered into any of the Resplendent Stores,a chain of retail stores,in more than ten years.Because of a bad past experience,he harbors a particular aversion for them,and he has vowed never to shop in any of their stores.Stan is best described as a(n) _____ with respect to Resplendent Stores.

• A) antiloyal consumer
• B) disconfirming consumer
• C) late adapter
• D) laggard
• E) state-oriented consumer

---

Definitions:

Production Technology

Relates to the methods, processes, and equipment used in the production of goods and services, often focusing on efficiency and innovation.

Athletic Shoes

Footwear specifically designed for sports or physical activities, offering support, durability, and comfort to improve performance.

Equilibrium

The condition that exists in a market when the plans of buyers match those of sellers, so quantity demanded equals quantity supplied and the market clears

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing to purchase at a given price level during a certain time period.