Relatives and friends whom the consumer trusts are known asSources ofexternal information.Select one:a. personalb. marketer-dominatedC. stakeholderd. relationale. publicYour answer is incorrect.When conducting an information search, various product-ratingorganizations, such asgovernment agencies and TV consumer programs, are known aS

Relative and friends sometimes act as a source of external information.

Answered: Relatives and friends whom the consumer…

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Relatives and friends whom the consumer trusts are known as sources of external information.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter16: Bargaining

Section: Chapter Questions

Problem 16.1IP

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Question

Relatives and friends whom the consumer trusts are known as
Sources of
external information.
Select one:
a. personal
b. marketer-dominated
C. stakeholder
d. relational
e. public
Your answer is incorrect.
When conducting an information search, various product-rating
organizations, such as
government agencies and TV consumer programs, are known aS

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