When a store lists both the regular and the sale price for a…
When a store lists both the regular and the sale price for a product, they typically want the consumer to believe they are getting “a good deal” on the product if they were to purchase it. This price-listing strategy is attempting to get consumers to use which of the following heuristics?
Read DetailsIn the cognitive dissonance experiment by Festinger and Carl…
In the cognitive dissonance experiment by Festinger and Carlsmith (1959), participants were asked to lie to another person about how enjoyable the experiment was. Then, participants were asked to give their honest opinion about the experiment. Which of the following was found?
Read DetailsThe relationship between a consumer’s self-concept and his/h…
The relationship between a consumer’s self-concept and his/her possessions is called ____________. This view is consistent with the notion that external objects can become a part of us when we are able to exercise significant control over them.
Read DetailsIn a field experiment conducted on a crowded beach, Moriarty…
In a field experiment conducted on a crowded beach, Moriarty (1975) either asked strangers to watch his radio or said nothing before he left his belongings. Later, when a thief attempted to steal the radio, Moriarty found that:
Read DetailsAlice buys a car and thinks she got a good price. After the…
Alice buys a car and thinks she got a good price. After the price is agreed upon, the salesperson starts to add small accessories (such as upholstery cleaner)—which ends up increasing the final price that Alice has to pay. The salesperson is using a technique called:
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