All of the Following Statements Regarding Trade-Ins Are True EXCEPT

question 134

Multiple Choice

All of the following statements regarding trade-ins are true EXCEPT:

• A) Flexible pricing and trade-ins often go hand-in-hand.
• B) If a trade-in is involved, the consumer must negotiate two prices, one for the new product and one for the existing product.
• C) Research found that trade-in customers tend to care more about the trade-in value they receive than the price they pay for the new product.
• D) About 95 percent of all new car sales involve a trade-in.
• E) On average, customers who traded-in an automobile when purchasing a new one end up paying more than customers who simply buy a new car from a dealer.

Understand the structure and functions of different memory systems.

Identify the processes involved in encoding, storing, and retrieving information.

Distinguish between sensory, short-term (working), and long-term memory.

Recognize the distinction between explicit (declarative) and implicit (nondeclarative) memories.