Because People Usually Exploit Opportunities to Make Themselves Better Off,if

question 164

Multiple Choice

Because people usually exploit opportunities to make themselves better off,if the price of gasoline rises and stays high for an extended period,we expect people to:

• A) increase the number of kilometres they drive.
• B) buy larger and less fuel-efficient cars.
• C) use more public transportation.
• D) ride their bicycles less.

Appreciate the importance of preference development and alternative evaluation in the purchasing process.

Understand postpurchase behavior and its impact on consumer satisfaction and loyalty.

Identify factors that lead to problem recognition in the consumer purchase decision process.

Understand the concepts of consumer behavior and its implications for marketing strategies.

---

Definitions:

Global Climate Change

The long-term alteration of temperature and typical weather patterns in a place, largely attributed to human activity.

Higher Temperatures

Elevated levels of heat or thermal energy in an environment or system, often causing changes in physical states or biological reactions.

Ocean Currents

Mass movements of surface ocean water produced by winds blowing over the ocean.

Threatened Species

Species that are at risk of becoming endangered in the near future throughout all or a significant portion of their habitat.