When Seeking Out Information on a New Product,consumers Tend to Trust

question 37

Multiple Choice

When seeking out information on a new product,consumers tend to trust _________ over _________.

• A)corporations,other consumers
• B)other consumers,corporations
• C)their neighbors,online reviews
• D)online reviews,printed reviews
• E)television infomercials,websites Consumers often rely on the recommendations of friends,family,and fellow consumers over corporations when making purchasing decisions.

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Definitions:

Sales Returns

Refers to the process of customers returning previously purchased merchandise back to the seller, and the seller, in turn, refunds the customer's money or offers credit.

Perpetual Inventory System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Perpetual Inventory System

An inventory management method where updates are made continually to record each sale or purchase of inventory.