BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 105

www.busn380study.com Question 1. 1. (TCO 1) _____ is the first phase of the consumer buying process. (Points : 1) Gathering information Evaluating alternatives Selecting the buying location Researching alternatives Identifying the problem Question 2. 2. (TCO 1) The purpose of a cooperative is to (Points : 1) solve consumer complaints. test consumer products for quality. lobby for changes in consumer protection laws. obtain brand-name items for less than wholesale. sell products or services to members at reduced prices. Question 3. 3. (TCO 1) When someone states that he or she has purchased a good or service on impulse, this means that this individual has (Points : 1) evaluated alternatives. gathered information. comparison shopped.