Consumer Behavior Includes the Actions a Person Takes in Purchasing

question 99

Multiple Choice

Consumer behavior includes the actions a person takes in purchasing services and using products and services, including

• A) the physical effort spent on these actions.
• B) the financial limitations one must overcome to accomplish these actions.
• C) the mental and social processes that come before and after these actions.
• D) the emotional processes that occur during these actions.
• E) the cognitive and attitudinal processes that must be learned to complete these actions.

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Definitions:

Negotiate

The process of discussing terms and conditions to reach a mutual agreement between parties.

Check

A written order on a bank or banker payable on demand to the person named or his order or bearer and drawn by virtue of credits due the drawer from the bank created by money deposited with the bank.

Conditional Indorsement

Refers to a signature on a financial document, such as a check, that limits the conditions under which it can be valid.

Negotiability

The quality of a financial instrument, such as a check or bill of exchange, that allows it to be transferred from one party to another through endorsement or delivery.