A. eliminating heuristic
B. heuristics
C. conjunctive heuristic
D. lexicographic heuristics
Analyzing Consumer Markets
When the product is risky it can affect the well-being of buyer mentally and is classified as________?
A. attitude risk
B. psychological risk
C. physiological risk
D. social risk
The process through which we organize, select and compile information to create meaningful picture is classified as_________?
A. motivation
B. perception
C. loyalty
D. status quo
The perceptual process in which customer’s remember good points about brand as compared to competing brand is___________?
A. selective noticing
B. selective shopping
C. selective attention
D. selective retention
The needs that arise from physiological states such as hunger and thirst are classified as_________?
A. basic need
B. formal needs
C. informal needs
D. sufficiency needs
The theory in which consumers make their own alternatives on the basis of benefits and failure is classified as_________?
A. prospect theory
B. integration theory
C. segregation theory
D. alternative theory
The customers who loss averse tend to underweight the___________?
A. integrate probabilities
B. segregate probabilities
C. high probabilities
D. low probabilities
The influential model of attitude change and attitude formation is_________?
A. elaboration likelihood model
B. value likelihood model
C. expectancy elaboration model
D. value elaboration model
The complete set of stored information and information strength is classified as_________?
A. associative network memory model
B. distributive network memory model
C. classified network memory model
D. representative network memory model
The consumers who seek the answer of ‘how we see ourselves’ is a concept named_________?
A. ideal self-concept
B. actual self-concept
C. self-concept
D. self-monitors