Which of the Following Statements Best Defines Habitual Decision Making

question 21

Multiple Choice

Which of the following statements best defines habitual decision making?

• A)It refers to the internal conflict that arises from an inconsistency between two beliefs, or between beliefs and behaviour.
• B)It refers to a buying decision made by customers on the spot when they see the merchandise.
• C)It refers to a purchase decision process in which consumers engage with little conscious effort.
• D)It refers to a purchase decision process during which consumers devote at most, a moderate amount of effort and time.
• E)It refers to a purchase decision process during which consumers devote considerable time and effort to analyzing alternatives.

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Definitions:

Union Membership

The status of being a member of a labor union, which is an organization that represents workers' interests to employers, particularly concerning wages and working conditions.

Wage

The price paid for the use or services of labor per unit of time (per hour, per day, and so on).

Salary Workers

Individuals who receive a fixed regular payment, often monthly, from their employer, regardless of the number of hours worked.

Monopsonist

An economic situation where there is only one buyer in the market, giving the buyer substantial power over prices and terms with suppliers.