Which of the following statements is true of the impact of the economic recession on consumers' mindset?
A) A majority of consumers have started to act on impulse and buy whatever they desire to buy.
B) Consumers have begun to reevaluate their paradigm or the way they look at products.
C) A large number of consumers are opting to buy rather than rent homes, cars, and clothes.
D) Consumers have begun to shift from a cautious spending approach to a cutting back mentality.

Question

Quizplus · Accepted Answer

During an economic recession, consumers often reevaluate their purchasing decisions and the way they perceive products, becoming more cautious and value-conscious.

Which of the Following Statements Is True of the Impact