A chart depicting the rating of Toyota, Honda, Nissan in terms of mileage, style, price, and accessories

Note: The numbers are based on a 10-point scale, 1 being very poor and 10 being very good.
-Ramsey wants to buy a car.The Nissan receives a low mileage rating when compared to cars by Honda and Toyota, but it scores higher than those cars when it comes to price.Ramsey feels that the price of a Nissan car makes it favourable compared to the others even though it has a lower mileage rating.Which of the following is Ramsey exercising in his decision-making process?

Question

A chart depicting the rating of Toyota, Honda, Nissan in terms of mileage, style, price, and accessories

Note: The numbers are based on a 10-point scale, 1 being very poor and 10 being very good.
-Ramsey wants to buy a car.The Nissan receives a low mileage rating when compared to cars by Honda and Toyota, but it scores higher than those cars when it comes to price.Ramsey feels that the price of a Nissan car makes it favourable compared to the others even though it has a lower mileage rating.Which of the following is Ramsey exercising in his decision-making process?

Quizplus · Accepted Answer

Ramsey is using a compensatory decision rule, where the lower mileage rating of the Nissan is compensated for by its more favorable price, allowing for a trade-off between different attributes.

A Chart Depicting the Rating of Toyota, Honda, Nissan in Terms