Routinized Response Behavior Is What a Consumer Does When

question 127

Multiple Choice

Routinized response behavior is what a consumer does when

• A)purchasing an unfamiliar product.
• B)buying frequently purchased, low-cost items that need little effort.
• C)an information search is extensive and may involve consulting with friends and family.
• D)buying products that require a moderate amount of time for information gathering and deliberation.
• E)he or she enters the problem recognition stage of the consumer buying decision process.

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Definitions:

Price Of Burritos

The amount of money required to purchase one unit of a burrito, determined by factors such as ingredients, preparation costs, and market demand.

Demand Shifts

Changes in consumer desire that lead to an increase or decrease in the quantity demanded at every price point.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices within a given time period.

Supply

The total amount of a product or service that is available to consumers at a specific price over a given period.