Match Each Definition to the Corresponding Term

question 98

Multiple Choice

Match each definition to the corresponding term.
-The _____ describes the tendency of people to conform to majority rule.

• A)evoked set
• B)consumer behavior
• C)culture
• D)reference group
• E)Asch phenomenon
• F)opinion leader
• G)need
• H)motive
• I)perception
• J)attitude
• K)learning
• L)subliminal perception
• M)high-involvement purchase decision
• N)closure
• O)cognitive dissonance
• P)routinized response behavior
• Q)shaping
• R)perceptual screens
• S)evaluative criteria
• T)self-concept

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Definitions:

Transactions Costs

Expenses incurred when buying or selling goods and services, including costs beyond the price of the product, such as time, effort, and fees.

Savings and Loan Debacle

A financial crisis in the 1980s and 1990s involving the collapse of savings and loan associations due to risky business practices and regulatory failures.

Risky Real Estate Loans

Loans given for real estate purchases that carry a higher risk of default, often due to the borrower's credit status or the nature of the property.

Taxpayers

Individuals or entities that are required to pay taxes to a government body, typically based on income, property value, or consumption.