Research on loss aversion shows that people would rather lose $100 in $10 increments,
over 10 occasions, than lose the $100 dollars all at once.
a. True
b. False
Kyle enjoys collecting antique furniture. He often spends whole weekends browsing
through antique shops, thumbing though catalogs and attending estate auctions, even
when he isn’t actually in the market to purchase anything. This example represents what
type of information search?
a. An experiential search
b. An internal search
c. An external search
d. A prepurchase search
e. An ongoing search
During intermediate problem solving, consumers are not motivated to rigorously
evaluate each alternative, hence they often engage in heuristics to help them.
a. True
b. False