Expected Value Is an Important Consideration in a Consumer's Search

question 128

Multiple Choice

Expected value is an important consideration in a consumer's search decision because

• A)the outcome of a particular search is certain.
• B)the consumer may not be able to purchase the good after it is found.
• C)the outcome of a particular search is uncertain.
• D)a rational consumer will continue to search if the expected value is positive.

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Definitions:

Achievement

A measure of success or proficiency in performing tasks, often determined by reaching certain established criteria.

Track Records

Histories or records of performance or achievements, often used to assess reliability or competence.

Personal Strivings

An individual's efforts to achieve personal goals that express their self-identity.

Personal Projects

Refers to the self-initiated and organized tasks or goals that an individual pursues, reflecting personal values and aspirations.