If a consumer is shopping for a smart phone, all of the smart phone options available in the market — whether a consumer knows about them or not — is called the ________ set.
A. awareness
B. total
C. consideration
D. choice
E. inept
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________ risk occurs if the product fails to perform up to expectations.
A. Physical
B. Financial
C. Social
D. Psychological
E. Functional
Even if consumers form brand evaluations, two general factors can intervene between the purchase intention and the purchase decision: one is unanticipated situational factors; what is the other factor?
A. amount of purchasing power
B. attitudes of others
C. short-term memory capabilities
D. ability to return merchandise
E. the self-concept
________ accounting refers to the manner in which consumers code, categorize, and evaluate financial outcomes of choices.
A. Cost
B. Financial
C. Behavioral
D. Mental
E. Factual
A consumer tells another consumer, "Every time I eat at Big Bill's Steakhouse, I get poor service." Whether this is true or not, it is the consumer's perception. This is an example of consumers basing future predictions on the quickness and ease with which a particular example of an outcome comes to mind. This scenario would be an illustration of the ________ heuristic.
A. discrimination
B. differentiation
C. availability
D. screening
E. representativeness