COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT determined by the personality of a customer?
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Whether the customer is a practical shopper
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Whether the customer is loyal to certain brands
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Whether the customer tends to use coupons
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Whether the customer has awareness of the product
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Explanation:
Detailed explanation-1: -Population is not a determinant of a consumer’s demand for a commodity.
Detailed explanation-2: -In general, there are four factors that influence consumer behaviour. These factors impact whether or not your target customer buys your product. They are cultural, social, personal and psychological.
Detailed explanation-3: -Solution(By Examveda Team) Variety-seeking buying behavior is NOT one of these stages. There are 5 steps in a consumer decision making process a need or a want is recognized, search process, comparison, product or service selection, and evaluation of decision.
Detailed explanation-4: -These factors are namely Psychological, Social, Cultural, Personal, and Economic factors.
There is 1 question to complete.