Ruby Is Buying a New Watch Appropriate to Her Role

question 103

Multiple Choice

Ruby is buying a new watch appropriate to her role as the newest vice president at her company.She was overheard telling a co-worker,"The Rolex has a great reputation,but the Tag just looks nicer." In which stage of the purchase decision process is Ruby?

• A)problem recognition
• B)information search
• C)alternative evaluation
• D)purchase decision

---

Definitions:

Economize

The act of reducing waste or optimizing the use of resources to save money or achieve greater efficiency.

Affluent

Describes individuals, communities, or nations with a high level of wealth and income, typically measured by the standard of living and purchasing power.

Production Possibilities Curve

A model that shows the maximum combination of goods or services that can be produced with a fixed amount of resources.

Economic Decline

A period characterized by a decrease in the GDP, income, employment, and trade lasting for several months or years.