The Text Identifies Several Phases in the Buying Process

question 87

Multiple Choice

The text identifies several phases in the buying process.The correct order of the phases is

• A) Evaluating alternatives, preshopping activities, selection and purchase, postpurchase activities.
• B) Preshopping activities, selection and purchase, evaluating alternatives, postpurchase activities.
• C) Preshopping activities, evaluating alternatives, selection and purchase, postpurchase activities.
• D) Postpurchase activities, evaluating alternatives, preshopping activities, selection and purchase.
• E) Evaluating alternatives, selection and purchase, preshopping activities, postpurchase activities.

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Definitions:

Maker

A person who makes or executes an instrument. The signer of an instrument.

Standard-Form Note

A preprinted agreement where terms and conditions are set by one party, with little or no negotiation with the other party, often used in financial transactions.

Credit Union

A member-owned financial co-operative that offers similar banking services as banks, but profits are returned to members in the form of lower loan rates and higher savings rates.

Federally Insured

Federally Insured refers to financial deposits or products protected by a federal agency, such as the FDIC, against loss up to a certain limit.