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Business
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CB
Quiz 11: Consumers in Situations
Path 4
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Question 101
Multiple Choice
CHRISTMAS SHOPPING SCENARIO Many consumers wait until the weekend before Christmas to do their gift shopping, and Lanny is one of those consumers. She did not want to go to a crowded mall as she only had a Saturday to do all of her shopping. She saw an advertisement that morning in the newspaper for a new store that claims to be the "right destination for all kinds of Christmas shopping." She decided to go there instead of the mall in order to avoid the crowd in the mall. While she was in the new store, she was trying to keep a track of her purchases in her head in an attempt to avoid going overboard and winding up with a huge credit card bill next month. In just two hours, Lanny was able to purchase all the gifts she needed and even found a cute bracelet for herself though the bracelet was not a part of the shopping list that she had made earlier. -Refer to Christmas Shopping Scenario.Lanny bought a cute bracelet for herself,though it was not a part of the shopping list she had made earlier.This spontaneous purchase is best described as _____ shopping.
Question 102
Essay
Explain antecedent conditions.Give some examples of antecedent conditions that shape consumers' perception of value.
Question 103
Multiple Choice
Contrary to recommendations by consumer credit counselors,most consumers don't keep written track of their purchases,relying instead on their memories to keep track of the expenditures.This is an example of _____ budgeting.