Steve was initially happy with his newly purchased personal computer. It had all the
features he wanted, including a large monitor and internal memory. But, as he was
taking the computer out of the box, Steve noticed an advertisement in the local
newspaper showing a similar computer for less than he paid. Suddenly, Steve began to
doubt his purchase decision and feel anxious -maybe he had not gotten such a good deal
and spent too much money on his purchase. Steve was experiencing:
a. bounded rationality
b. the evoked state
c. cognitive dissonance
d. the post-purchase depression
e. a satisfaction paradox
Social class is closely linked to self-esteem for consumers who feel that their wealth
was inherited.
a. True
b. False
The first brand to enter a new market often enjoys a long-term consumer preference
advantage over follower brands. This phenomenon is known as what?