📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which consumer factor explains preference for branded

    banks over cooperative banks due to trust perception?
    A Psychological factor Correct Answer Incorrect Answer
    B Economic factor Correct Answer Incorrect Answer
    C Technological factor Correct Answer Incorrect Answer
    D Situational factor Correct Answer Incorrect Answer
    E Demographic factor Correct Answer Incorrect Answer

    Solution

    Trust perception and belief systems fall under psychological factors.  Why Other Options Are Incorrect • B: Income-related. • C: Technology usage. • D: Temporary context. • E: Age/gender/income variables.  Banking Example: Customers choosing nationalized banks due to safety perception.

    Practice Next
    More Basics of Marketing Management Questions
    ask-question