Habitual Decision Making Occurs When

question 31

Multiple Choice

Habitual decision making occurs when:

• A) a decision process involves little or no conscious effort.
• B) a decision requires assistance from sales associates.
• C) the purchase decision involves a lot of risk and uncertainty.
• D) retailers stimulate sales by suggesting complementary merchandise.

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Definitions:

Capitalism

Economic system that rewards companies for their ability to perceive and serve the needs and demands of consumers; also called the private enterprise system.

Private Enterprise System

An economic system where private individuals or businesses own capital goods and have the freedom to operate for profit with minimal government intervention.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for manufacturing finished goods.