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MAR3023 EXAM 2 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE

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MAR3023 EXAM 2 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE A consumer's external social environment includes: A. universal, retrieval, and evoked sets. B. impulse, habitual, and limited problem solving processes. C. functional and psychological needs. D. family, reference groups, and culture. E. cognitive, affective, and behavioral environments. D Frazier is out of milk and bread and needs to decide what is for dinner. He will be stopping at the grocery store on the way home. Frazier will likely engage in limited problem solving. True False T Generally, people buy one product or service instead of another because they perceive it to be a better value. True False T Brenda wants a new car that will be dependable transportation and look good. She wants to satisfy both functional and psychological needs. True False T As manager of a local donut shop, Arnie greets his regular customers by name and often begins making their order when he sees them drive into the parking lot. Arnie knows habitual purchasers with strong store loyalty are great customers. True False T While on vacation, Martha had her camera stolen. Not wanting to waste vacation time shopping for a new camera, Martha simply purchased another camera just like her old one. For Martha the __________ was low. A. determinant attribute for this decision B. perceived benefit versus perceived cost of search C. locus of control for this decision D. prepurchase dissonance factor E. universal set of camera options B Andrea and Karl got married a year ago and are ready to move out of their apartment and into a new home. After looking at several houses, they have developed a list of features that are important to them and that are different among the homes they have visited. The features on their list are called __________. A. trade-off elements B. perceived risk factors C. an evoked set D. short lists E. determinant attributes E "Black Friday," as the day after Thanksgiving has come to be known in the U.S., is a day marked by many special deals in most retail stores, including deep-discounted products available in limited quantities, called "doorbusters," and designed to get shoppers into the store. But one danger of running out of the "doorbuster" deals is that a shopper may become angry or discouraged at failing to get the special item, and decide not to do any more shopping. This is an example of the impact of __________ on the consumer decision process. A. the purchase situation B. learning C. perception

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MAR3023 EXAM 2 QUESTIONS AND ANSWERS WITH

COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE


A consumer's external social environment includes:

A. universal, retrieval, and evoked sets.

B. impulse, habitual, and limited problem solving processes.

C. functional and psychological needs.

D. family, reference groups, and culture.

E. cognitive, affective, and behavioral environments.

D

Frazier is out of milk and bread and needs to decide what is for dinner. He will be

stopping at the grocery store on the way home. Frazier will likely engage in

limited problem solving.

True

False

T

Generally, people buy one product or service instead of another because they

perceive it to be a better value.

True

False

T

,Brenda wants a new car that will be dependable transportation and look good.

She wants to satisfy both functional and psychological needs.

True

False

T

As manager of a local donut shop, Arnie greets his regular customers by name

and often begins making their order when he sees them drive into the parking lot.

Arnie knows habitual purchasers with strong store loyalty are great customers.

True

False

T

While on vacation, Martha had her camera stolen. Not wanting to waste vacation

time shopping for a new camera, Martha simply purchased another camera just

like her old one. For Martha the __________ was low.

A. determinant attribute for this decision

B. perceived benefit versus perceived cost of search

C. locus of control for this decision

D. prepurchase dissonance factor

E. universal set of camera options

B

Andrea and Karl got married a year ago and are ready to move out of their

apartment and into a new home. After looking at several houses, they have

developed a list of features that are important to them and that are different

, among the homes they have visited. The features on their list are called

__________.

A. trade-off elements

B. perceived risk factors

C. an evoked set

D. short lists

E. determinant attributes

E

"Black Friday," as the day after Thanksgiving has come to be known in the U.S.,

is a day marked by many special deals in most retail stores, including deep-

discounted products available in limited quantities, called "doorbusters," and

designed to get shoppers into the store. But one danger of running out of the

"doorbuster" deals is that a shopper may become angry or discouraged at failing

to get the special item, and decide not to do any more shopping. This is an

example of the impact of __________ on the consumer decision process.

A. the purchase situation

B. learning

C. perception

D. temporal state

E. lifestyle

D

After purchasing an expensive pair of shoes, you may question whether or not

the shoes are any better than the less expensive shoes you could have

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