When Brandon Decided He Needed a New Car,he Immediately Called

question 60

Multiple Choice

When Brandon decided he needed a new car,he immediately called his old college roommate who owns a BMW dealership to ask questions about options and financing.Brandon was searching for information from:

• A) an external source.
• B) an internal locus of control.
• C) a decision heuristics establishment.
• D) an internal source.
• E) a situational factor group.

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Definitions:

Binding Price Ceilings

Regulatory limits on the price of goods and services that are set below the market equilibrium price, causing shortages.

Consumers

People or organizations that use economic goods and services for personal, household, or organizational purposes.

Price Ceilings

A legal maximum on the price at which a good can be sold, often set by government.

Sellers

Sellers are individuals or entities that offer goods or services in exchange for payment.