The study of consumers and how they make decisions is called ___________.
Consumer Behavior
400
_______ motives can involve a favorite restaurant, a brand of soda, a salesperson the customers feels comfortable with, or a regularly visited website of a business.
Patronage
500
True or False: A house can fit in all the levels of the hierarchy of needs.
True.
500
The ________________ is the process by which consumers collect and analyze information to make choices among alternatives.
The Consumer Decision-Making Process
500
Describe the three different categories of buying motives.
Rational Motives: reasons to buy based on facts or logic.
Patronage Motives: reasons to buy based on loyalty.
Emotional Motives: reasons to purchase based on feelings, beliefs, or attitudes.