Asked by Mohamad Arshil Vahora on May 12, 2024
Verified
Which of the following purchases would most likely involve extensive decision making?
A) Scheduling an annual dentist appointment
B) Buying a new towel rack for your bath
C) Purchasing a birthday gift for a friend
D) Renewing a magazine subscription
E) Purchasing a condominium
Extensive Decision Making
A complex cognitive process requiring significant information gathering and evaluation, typically for high-stake or novel decisions.
Condominium
A type of real estate ownership where an individual owns a unit within a larger property, with shared ownership of common areas.
Annual Dentist Appointment
A yearly scheduled visit to a dentist for the examination and maintenance of oral health, including preventative care and treatment of dental issues.
- Outline the distinctions among the various buying decision types (routine, limited, extensive).
Verified Answer
AB
Alicia BowlesMay 18, 2024
Final Answer :
E
Explanation :
Purchasing a condominium typically involves a significant financial investment and requires careful consideration of various factors such as location, amenities, financing options, and legal requirements. This decision typically involves extensive research, weighing pros and cons, and consulting with professionals such as real estate agents, attorneys, and financial advisors. The other options are relatively simple and straightforward purchases that require minimal decision-making.
Learning Objectives
- Outline the distinctions among the various buying decision types (routine, limited, extensive).