Show
[Skip Breadcrumb Navigation]
Try the multiple choice questions below to test your knowledge of this chapter. Once you have completed the test, click on ‘Submit Answers for Grading’ to get your results.
Answer choices in this exercise appear in a different order each time the page is loaded. Which purchase situation is most likely a lowA low-involvement purchase usually involves an abridged decision-making process. In these situations, the buyer typically does little if any information gathering, and any evaluation of alternatives is relatively simple and straightforward.
Which of the following accurately lists the levels in Maslow's hierarchy of needs from the lowest level to the highest level?There are five levels in Maslow's pyramid. From the bottom of the hierarchy upwards, the needs are: physiological (food and clothing), safety (job security), love and belonging needs (friendship), esteem, and self-actualization.
At which stage of the consumer decisionThe cognitive dissonance that occurs after high-involvement decision-making can also be called post-purchase dissonance. Cognitive dissonance usually occurs with higher-involvement purchasing decisions.
Which stage of the new product development process is usually the most expensive for new products?The introduction stage is often preceded by a research and development stage. For the purposes of the product life cycle stages, we will start from when the product is first introduced to the marketplace. This stage is by far the most expensive stage in a product's life cycle.
|