Consumer Decision Making and Shopping Strategies Quiz

Test your knowledge on consumer psychology and shopping strategies. Explore stages, theories, and factors influencing consumer decisions.

#1

Which of the following is NOT a stage in the consumer decision-making process?

Problem recognition
Information search
Product evaluation
Profit maximization
1 answered
#2

What type of consumer decision-making involves little involvement and low perceived differences between brands?

Extended decision-making
Routine decision-making
Limited decision-making
Impulse decision-making
#3

What is the term for a group of people who influence an individual's purchasing behavior?

Peer group
Reference group
Social network
Consumer segment
#4

Which of the following is NOT a factor influencing consumer decision-making?

Cultural factors
Economic factors
Psychological factors
Societal factors
1 answered
#5

What is the term used to describe the tendency of consumers to give greater value to goods and services obtained over time?

Hedonic adaptation
Utility maximization
Post-purchase rationalization
Diminishing marginal utility
#6

Which theory suggests that consumers seek to maintain a balance between inputs and outputs?

Expectancy theory
Balance theory
Maslow's hierarchy of needs
Operant conditioning theory
1 answered
#7

In terms of shopping strategies, what does 'showrooming' refer to?

Making impulsive purchases
Comparing prices online while in a physical store
Shopping without any prior research
Seeking recommendations from friends
#8

What does the acronym 'AIDA' stand for in the context of consumer behavior?

Attention, Interest, Desire, Action
Awareness, Interest, Decision, Action
Analysis, Interest, Desire, Action
Attention, Interest, Decision, Affinity
#9

Which pricing strategy involves initially offering a product at a very low price to attract customers, then gradually increasing it?

Penetration pricing
Skimming pricing
Psychological pricing
Predatory pricing
#10

What principle suggests that people tend to choose the option that provides the most benefit with the least effort?

Utility maximization
Opportunity cost
Satisficing
Economic rationality
#11

Which psychological factor can influence consumer decision-making by creating a sense of urgency or scarcity?

Perception
Motivation
Learning
Persuasion
#12

In the context of consumer behavior, what does the term 'cognitive dissonance' refer to?

A state of tension experienced after making a difficult decision
The tendency to seek out information that supports one's pre-existing beliefs
The process of associating a product with positive feelings or attributes
The tendency to remember information that confirms one's beliefs while ignoring contradictory evidence
#13

Which type of advertising aims to build goodwill or improve a company's reputation rather than directly promote products?

Informative advertising
Persuasive advertising
Institutional advertising
Comparative advertising
#14

What is the term for the tendency of individuals to be more likely to comply with a request if they have previously complied with a smaller request?

Reciprocity
Foot-in-the-door technique
Social proof
Authority
#15

Which of the following is NOT a type of consumer decision-making process based on the level of involvement?

Routine decision-making
Limited decision-making
Extensive decision-making
Complex decision-making

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