Henry wanted to buy a sectional sofa with in-built recliners. He extensively researched sofas and consulted his friends before buying one. While making his final decision, he focused on features such as size, fabric, cushions, and padding and ignored irrelevant information such as popularity and decorative accessories. Which of the following factors enabled Henry to discount irrelevant information?a. Online social networkb. Marketing communicationc. Peer influenced. Product knowledge

The correct answer is letter "D": Product knowledge.

Explanation:

Product knowledge refers to the objective information consumers could get from goods or services they are interested in acquiring. This knowledge includes product features that could determine its purchase and represents information that buyers use to make comparisons between one good and another. Subjective points of view from previous consumers' experiences are not taken into account in product knowledge.

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi