Items That Are ________ and Product Purchases for Which ________

question 91

Multiple Choice

Items that are ________ and product purchases for which ________ is not important tend to be less cyclical in nature.

• A) necessities; income
• B) luxuries; leverage
• C) discretionary goods; time of purchase
• D) produced with high fixed costs; entertainment

---

Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Visual Perception

The ability to interpret the surrounding environment by processing information contained in visible light.

Absolute Threshold

The smallest quantity of physical energy that can be reliably detected by an observer.

Groupthink

A psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.