Asked by
Adilene Hernandez
on Dec 13, 2024Verified
When purchasing a product, the fear of physical harm, a large financial outlay required to buy the it, fear of poor product performance, and fear of disapproval from friends can all contribute to
A) consumer angst.
B) cognitive dissonance.
C) purchase anxiety.
D) perceived risk.
E) consumer cynicism.
Perceived Risk
The consumer's subjective assessment of the potential negative outcomes of purchasing a product or service.
Physical Harm
Damage or injury inflicted on a person's body, as opposed to damage to property or reputation.
Financial Outlay
The total amount of money that is spent or invested on a particular activity or project.
- Acquire knowledge on the subject of perceived risk and its influence on the behavior of consumers.
Verified Answer
EC
Learning Objectives
- Acquire knowledge on the subject of perceived risk and its influence on the behavior of consumers.